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Property profile

215 Truman St Fort Walton Beach, FL 32547

OFF-MARKET
Warehouses
14,232 SF 0.67 ac lot Built 1985
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Property summary

AI-generated overview

This exceptional investment opportunity presents two warehouse buildings totaling 14,232 square feet, situated on a 0.67-acre lot at 213 and 215 Truman Street, Fort Walton Beach, FL 32547. Conveniently located just off Racetrack Road near Eglin Parkway, these properties offer unparalleled access to military bases and the Destin area. Built in 1985, the buildings consist of a 6,500 square foot unit and a 7,732 square foot unit, each featuring multiple grade-level roll-up doors. Currently occupied by multiple tenants under month-to-month leases at below-market rates, this presents a significant opportunity for immediate income generation or owner-occupancy. The buildings share a common area, enhancing functionality and potential for synergistic use. The properties are zoned for industrial use and offer a compelling combination of location, size, and potential for increased profitability through lease renegotiation or repositioning. This is an ideal investment for those seeking a strong return on investment in a thriving market. The Okaloosa County location provides easy access to major transportation routes, further enhancing the value and appeal of this property. The asking price for this multi-tenant warehouse complex is $845,000.

Property profile

Verified
Property type Warehouses
Year built 1985
Total area 14,232 SF
Lot 0.67 ac (29,185 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

215 Truman St Fort Walton Beach, FL 32547
Fort Walton Beach metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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