811 Government Ave Valparaiso, FL 32580
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.