45 Eglin Pkwy Fort Walton Beach, FL 32548
- Office buildings
- 1.33 lot acres
Current Use by Public Records
- Merrill Lynch Wealth Management / Financial Planner / Investment Service
- Waldorff Insurance & Bonding / Insurance Agency / Auto Insurance Agency
- Merrill Lynch Financial Advisor Shane A. O'Dell / Financial Planner / Financial Consultant
- Team Huffin Homes / Real Estate Agents
- Merrill Lynch Financial Advisor Matt Byrd / Financial Consultant / Financial Planner
Property Details for 45 Eglin Pkwy
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.33 lot acres
- Property type
- Office buildings
- APN
- 13-2S-24-0000-0010-0020
- APU
- 132S24000000100020
Description
This exceptional three-story, Class A office building, constructed in 2009, offers a variety of spaces ideal for traditional office, executive suites, coworking, or medical practices. Located at the high-traffic intersection of Eglin Parkway and Staff Drive (39,500 CPD), it enjoys unparalleled visibility and accessibility. Its proximity to Hwy 98 (36,000 CPD), a major thoroughfare, and just one mile from the highway ensures convenient access for clients and employees throughout the Florida Panhandle. The building is also strategically situated six miles from Eglin Air Force Base and a mere 0.4 miles from Uptown Station, a prominent shopping center in Fort Walton Beach, providing employees with ample amenities nearby. The modern architecture and high-quality finishes create a sophisticated and comfortable work environment. Highly visible monument signage ensures strong brand recognition. Currently, the building houses established tenants such as Warren Averett, Waldorff Insurance & Bonding, and Coldwell Banker Realty, demonstrating the property's desirability and strong tenant base. The single-tenancy option provides flexibility for businesses seeking a prestigious and well-located office space. This is a rare opportunity to secure a prime location in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,920,000
- 6.5%
- $8,890,000
- 7%
- $9,595,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,410,000
- Geo Method
- $8,155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $10,775,000
- Retail
- $10,235,000
- Mixed-Use
- $9,970,000
- Hospitality
- $10,390,000
- Educational
- $7,805,000
- Residential Income
- $10,910,000
- Energy
- $7,900,000
- Income-Based Land
- $8,955,000
- Food Service
- $8,530,000
Location Insight
- Map
- Local Demand
- City
- Fort Walton Beach
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.6053
- Latitude
- 30.4151
- CBSA code
- 18880
- CBSA name
- CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA