Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    165 Brooks St Fort Walton Beach, FL 32548

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    165 Brooks St Fort Walton Beach, FL 32548

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Supreme Lending - CBM Team / Loan Service / Bank
    • All risk insurance / Insurance Agency
    • Walker Timothy MD / Physician
    • FLOW / Crisis Center / Medical Clinic
    • Dezarie Sims - Home Loan Originator BW Mortgage / Loan Service / Bank

    Property Details for 165 Brooks St

    Property type
    Office properties & Spaces

    Description

    This exceptional 1,250 square foot office suite presents a turnkey opportunity in the vibrant heart of Downtown Fort Walton Beach, Florida. The property is a single-tenant space ideally suited for a small business or professional practice. The layout includes a welcoming reception/waiting area, perfect for client interaction, along with three private offices providing ample space for individual work or team collaboration. A convenient bathroom and two closets add to the functionality and convenience of the space. The suite comes fully furnished, eliminating the need for significant upfront investment in office equipment and décor. Parking is a significant advantage, with two dedicated parking spots included, supplementing the readily available city parking. Located at 165 Brooks St SE, Fort Walton Beach, FL 32548, this property offers easy access to local amenities and businesses, making it an attractive location for both employees and clients. The property type is classified as a Traditional Office and Executive Office, catering to a variety of professional needs. This is a single-tenancy space, offering privacy and control over the entire office environment. The property's prime location and comprehensive features make it an exceptional opportunity for a business seeking a well-appointed and convenient office space in a thriving downtown area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6046
    Latitude
    30.4026

    Comparable in this City

    • Value Estimation by Request
      896 SF

      348 Miracle Strip Pkwy Sw Ste 3a

      OFFICE BUILDING • 896 SF
      348 Miracle Strip Pkwy Sw Ste 3a, Fort Walton Beach, FL 32548-5253
      View Details
    • Value Estimation by Request
      800 SF

      348 Miracle Strip Pkwy Sw Ste 3a

      OFFICE BUILDING • 800 SF
      348 Miracle Strip Pkwy Sw Ste 3a, Fort Walton Beach, FL 32548-5253
      View Details
    • Value Estimation by Request
      1,780 SF

      348 Miracle Strip SW Pkwy

      OFFICE BUILDING • 1,780 SF
      348 Miracle Strip SW Pkwy, Fort Walton Beach, FL 32548-5200
      View Details
    • Value Estimation by Request
      928 SF

      Miracle Strip SW Pkwy

      OFFICE BUILDING • 928 SF
      Miracle Strip SW Pkwy, Fort Walton Beach, FL 32548
      View Details
    • Value Estimation by Request
      800 SF

      348 Miracle Strip SW Pkwy

      OFFICE BUILDING • 800 SF
      348 Miracle Strip SW Pkwy, Fort Walton Beach, FL 32548-5200
      View Details
    • Value Estimation by Request
      1,525 SF

      29 Miracle Strip Pkwye

      OFFICE BUILDING • 1,525 SF
      29 Miracle Strip Pkwye, Fort Walton Beach, FL 32548
      View Details

    Similar Nearby for Sale

    • $670,000
      2,208 SF

      Fort Walton Beach Office Building

      NNN Leased Office Building - Excellent Investment
      30 Ferry Rd SE, Fort Walton Beach, FL 32548
      View Details
    • $670,000
      6,960 SF

      Fort Walton Beach Office Building Investment

      NNN Leased Office Building, Excellent Location
      30 Ferry Rd SE, Fort Walton Beach, FL 32548
      View Details
    • $2,750,000
      24,820 SF

      Prime Fort Walton Beach Office Space

      Class B Office, 24,820 SF, Sale/Lease
      634 Anchors St NW, Fort Walton Beach, FL 32548
      View Details
    • $750,000
      4,380 SF

      Fort Walton Beach Commercial Property

      Versatile 3,400 SF Office/Retail Space
      206 Jonquil Ave NW, Fort Walton Beach, FL 32548
      View Details
    • $3,400,000
      13,985 SF

      Prime Fort Walton Beach Office Building

      Exceptional 13,985 SF bank building, stunning bayou views.
      198 Eglin Pkwy, Fort Walton Beach, FL 32548
      View Details
    • $899,000
      4,283 SF

      Fort Walton Beach Office Building

      Prime location, +/- 3,825 SF, Sale/Lease
      28 Ferry Rd SE, Fort Walton Beach, FL 32548
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,300 SF

      Fort Walton Beach Office Suite

      1300 SF Office, High-End Location, NNN Lease
      403 Hollywood Blvd NW, Fort Walton Beach, FL 32548
      View Details
    • $20 SF/Yr
      3,271 SF

      Fort Walton Beach Office Space For Lease

      High-visibility medical/professional office, 3,271 sq ft.
      355 Beal Parkway, Fort Walton Beach, FL 32548
      View Details
    • $23,000
      24,820 SF

      Fort Walton Beach Office Space

      Large Office: Sale or Lease, 24,820 SF
      634 Anchors St NW, Fort Walton Beach, FL 32548
      View Details
    • $1,750 /Mo
      2,500 SF

      Prime Fort Walton Beach Office Space

      2,500 SF Office Suite - Beal Parkway
      102 Beal Pkwy SW, Fort Walton Beach, FL 32548
      View Details
    • $4,099 /Mo
      2,589 SF

      Fort Walton Beach Office Suite

      Prime 2,589 SF executive office, fully furnished.
      403 Hollywood Blvd NW, Fort Walton Beach, FL 32548
      View Details
    • $1,575 /Mo
      1,260 SF

      Fort Walton Beach Office Space

      1,260 sq ft office, prime location.
      215 Hollywood Blvd NE, Fort Walton Beach, FL 32548
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    165 Brooks St
    Fort Walton Beach, FL 32548
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    165 Brooks St, Fort Walton Beach, FL, 32548

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!