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Property profile & analytics
OFF-MARKET
Commercial real estate

811 Government Ave Valparaiso, FL 32580

123,500 SF 13.47 ac lot
Property ID
Property summary
AI-generated overview

This exceptional Class A office building, situated on a sprawling 13.47-acre campus in Valparaiso, Florida, presents a unique investment opportunity. The 123,500-square-foot building is poised to revitalize the area, attracting hundreds of new jobs. Its prime location near Eglin Air Force Base's East Gate makes it highly attractive to defense contractors seeking a sophisticated and modern workspace. Designed with cutting-edge technology, safety, and comfort in mind, this building offers a superior work environment for both its primary tenant, Okaloosa Gas District, and future tenants. The campus boasts extensive amenities, including a ground-floor dining facility open to the public, ample green space, and a large community room with a capacity of 300 people, ideal for events and gatherings. Okaloosa Gas District will occupy a portion of the building, utilizing space for operations, HR, and training. The remaining space is available for pre-leasing, with building completion anticipated by the fourth quarter of 2025. This property offers a blend of modern functionality, strategic location, and attractive community features, making it an exceptional investment prospect. The building's design prioritizes both employee well-being and operational efficiency, creating a highly desirable environment for businesses of all sizes. The expansive campus provides ample parking and outdoor space, further enhancing its appeal. This is a rare opportunity to secure space in a brand-new, state-of-the-art facility in a rapidly growing area.

Property profile
Verified
Property type Commercial real estate
Total area 123,500 SF
Lot 13.47 ac (586,753 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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