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    1318 SE Miracle Strip Parkway Fort Walton Beach, fl 32548 Fort Walton Beach, FL 32548

    • Retail properties
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1318 SE Miracle Strip Parkway Fort Walton Beach, fl 32548

    Property type
    Retail properties

    Description

    15,640 SF Restaurant/ Bar that sits on 2.79 acres on the Choctawhatchee Bay on Okaloosa Island across the road from the Island Hotel Resort and The Okaloosa Island Board Walk , large parking area, 2 story building with elevator , two kitchens, arcade area, and building is sprinkled, great location on Okaloosa Island that hosts millions of tourists annually, one of owners is a licensed realtor

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    State
    Florida
    Longitude
    -86.6170308
    Latitude
    30.4200708

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      547 Mary Esther Blvd

      Restaurants • 10,000 SF
      547 Mary Esther Blvd, Fort Walton Beach, FL 32548
      View Details
    • Value Estimation by Request
      2,824 SF

      564 Beal Pkwy

      Individual retail properties • 2,824 SF
      564 Beal Pkwy, Fort Walton Beach, FL 32548
      View Details
    • Value Estimation by Request
      3,250 SF

      611 Lovejoy NW Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,250 SF
      611 Lovejoy NW Rd, Fort Walton Beach, FL 32548-3837
      View Details
    • Value Estimation by Request
      800 SF

      114 Beal NW Pkwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 800 SF
      114 Beal NW Pkwy, Fort Walton Beach, FL 32548-4334
      View Details
    • Value Estimation
      $275,000
      2,400 SF

      104 Eglin SE Pkwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,400 SF
      104 Eglin SE Pkwy, Fort Walton Beach, FL 32548
      View Details
    • Value Estimation
      $310,000
      2,174 SF

      132 Eglin NE Pkwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,174 SF
      132 Eglin NE Pkwy, Fort Walton Beach, FL 32548-4917
      View Details

    Similar Nearby for Sale

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    • $1,250,000
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      Historic Downtown Fort Walton Beach Retail Building

      Prime 4,800 SF retail space, high visibility, ample parking.
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    Similar Nearby for Lease

    • $95,000
      3,048 SF

      Fort Walton Beach Restaurant Space

      Prime 3,048 SF restaurant space, high visibility, ample parking.
      88 Eglin Pkwy NE, Fort Walton Beach, FL 32548
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      Uptown Station Retail/Office Space

      Fort Walton Beach prime retail space available.
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    • $18,250 /Mo
      15,640 SF

      Prime Fort Walton Beach Retail Space

      15,640 SF Retail Space Available
      1318 SE miracle strip parkway, Fort Walton Beach, FL 32548
      View Details
    • $18 SF/Yr
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      Fort Walton Beach Office Suite

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      8,210 SF prime space in thriving Fort Walton Beach.
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    • $14 SF/Yr
      2,750 SF

      Uptown Station Retail Space - Suite 5A

      Prime Fort Walton Beach retail/office space.
      99 Eglin Pkwy, Fort Walton Beach, FL 32548
      View Details
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    Realmo Value Estimation

    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.

    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.

    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
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