914 N. Ferdon Crestview, FL 32536
- Commercial real estate
- 3,241 SF
- 0.41 lot acres
Current Use by Public Records
- Florida State Juvenile Justice / Prison
- Cygnus Aerospace / Store
- Hub City Outdoors / Sporting Goods Store
- About The Move LLC / Mover / Self-Storage Facility
- Craftsman Cuts / Barber Shop
Property Details for 914 N. Ferdon
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.41 lot acres
- Property size
- 3,241 SF
- Property type
- Commercial real estate
- APN
- 04-3N-23-1840-0007-0060
- APU
- 043N23184000070060
Description
This exceptional commercial property, located at 914 N Ferdon Boulevard Unit 914 in Crestview, Florida, presents a unique investment opportunity. Situated on a 0.39-acre lot, this spacious building offers significant versatility for a wide range of commercial uses. Its strategic location directly across the street from the planned Walmart site promises high visibility and increased foot traffic once the retail giant opens. The interior layout allows for flexible use, accommodating either a single large tenant or division into three distinct, smaller spaces. This adaptability makes it ideal for a variety of businesses, including professional offices, retail establishments, or a combination thereof. The property's size and location make it an attractive prospect for businesses seeking a prominent presence in a rapidly developing area of Crestview. The asking price is $749,900. While recently back on the market due to circumstances unrelated to the property itself, this presents a timely chance to acquire a highly desirable commercial space with significant growth potential. Serious inquiries are encouraged to explore this exceptional opportunity. The property is ready for immediate occupancy and offers a compelling return on investment. Don't miss this chance to secure a prime commercial location in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $330,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $420,000
- Geo Method
- $430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $410,000
- Mixed-Use
- $360,000
- Hospitality
- $350,000
- Educational
- $410,000
- Residential Income
- $435,000
- Energy
- $355,000
- Income-Based Land
- $380,000
- Food Service
- $425,000
Location Insight
- Map
- Local Demand
- City
- Crestview
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.5613
- Latitude
- 30.7802
- CBSA code
- 18880
- CBSA name
- CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA
