Financial
Distress signals
Property profile

550 Mary Esther Cut Off NW Fort Walton Beach, FL 32548

FOR LEASE
Strip malls
Property ID
US18-4894453
25,185 SF 1.19 ac lot Built 1986
Last sale Aug 2023 · $3,910,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This second-generation restaurant space is located within Longhorn Plaza and provides approximately 2,400 square feet for food-service use. The plaza offers tenant visibility options including a pylon sign. The center is situated on the main retail corridor with reported traffic counts of 22,500+ vehicles per day (as of 2025), and it is positioned near Hurlbert Field and close to Eglin Air Force Base, with Commerce & Technology Park directly across the site; Commerce & Technology Park is

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$32k
Tax billed · 2023
Assessed value$2.29M
Assessed land$198k
Assessed improvement$2.09M
Effective rate1.39%

Value estimate

· Sep 2026
$4.59M
$4.13M – $5.05M
AI approach$5.37M
Submarket $/SF estimate$3.67M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$157/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$106 – $235

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOKALOOSA

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility13.5
Dental Office12.8
Law Firm12.3

Location

550 Mary Esther Cut Off NW Fort Walton Beach, FL 32548
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 17 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11 Beal SE, Fort Walton Beach, FL 32548-5327 $1,711,000 Apr 2021 11,872 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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