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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1001 Mar Walt Dr Fort Walton Beach, FL 32547-6780

    • Assisted living facilities
    • 190,640 SF
    • 4.99 lot acres
    OFF-MARKET
    Value Estimations
    $3,395,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5470274
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Westwood Nursing and Rehabilitation / Nursing Home
    • Meridian at Westwood / Nursing Home / Retirement Community
    • Westwood Retirement Resort / Retirement Community

    Property Details for 1001 Mar Walt Dr

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    4.99 lot acres
    Property size
    190,640 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    34-1S-24-0000-0053-0020
    APU
    341S24000000530020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6311
    Latitude
    30.4563
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $142,076
    $792,124
    $10,150,433
    $10,942,557
    -
    $792,124
    $10,150,433
    $10,942,557

    Comparable in this City

    • Value Estimation
      $735,000
      7,700 SF

      999 Lukes Way

      HOMES (RETIRED, NURSING) • 7,700 SF
      999 Lukes Way, Fort Walton Beach, FL 32547-1400
      View Details
    • Value Estimation by Request
      0.28 Acres

      321 Woodrow NE St

      HOMES (RETIRED, NURSING) • 0.28 Acres
      321 Woodrow NE St, Fort Walton Beach, FL 32547-6212
      View Details
    • Value Estimation
      $1,555,000
      45,026 SF

      2000 Principal Ln

      HOMES (RETIRED, NURSING) • 45,026 SF
      2000 Principal Ln, Fort Walton Beach, FL 32547-6636
      View Details
    • Value Estimation
      $1,305,000
      48,073 SF

      1 L B J Sr Dr

      HOMES (RETIRED, NURSING) • 48,073 SF
      1 L B J Sr Dr, Fort Walton Beach, FL 32547-1163
      View Details
    • Value Estimation
      $1,160,000
      31,510 SF

      219 Vicki Leigh Rd

      HOMES (RETIRED, NURSING) • 31,510 SF
      219 Vicki Leigh Rd, Fort Walton Beach, FL 32547
      View Details
    • Value Estimation by Request
      4,058 SF

      914 Mar Walt Dr, Unit B

      MEDICAL BUILDING • 4,058 SF
      914 Mar Walt Dr, Fort Walton Beach, FL 32547-6706
      View Details

    Similar Nearby for Sale

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      Fort Walton Beach Condo Opportunity

      Three-bedroom, two-bathroom condo with potential in Fort Walton Beach.
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    • Contact for pricing
      67,945 SF

      Eglin Parkway Retail Opportunity

      Retail spaces for lease in Fort Walton Beach, starting at 1,800 SF.
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      Veterinary Hospital/Clinic For Sale

      Veterinary Hospital/Clinic with kennel stalls and exam rooms for sale.
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      Renovated 6-bedroom home ideal for Airbnb or investment.
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    Similar Nearby for Lease

    • $26 SF/Yr
      3,150 SF

      Class A Medical Office Space

      New construction medical space near Fort Walton Beach Medical Center.
      1046 Mar Walt Dr, Fort Walton Beach, FL 32547
      View Details
    • $4,500 /Mo
      3,160 SF

      Fort Walton Beach Office Building Lease

      Prime location, 3160 sq ft, NNN lease.
      1980 Lewis Turner Blvd, Fort Walton Beach, FL 32547
      View Details
    • $15 SF/Yr
      10,000 SF

      Prime Ft. Walton Beach Office Space

      10,000 SF Class A Office, SCIF Included
      1992 Lewis Turner Blvd, Fort Walton Beach, FL 32547
      View Details
    • $10 SF/Yr
      5,040 SF

      Fort Walton Beach Warehouse Space

      5,040 SF warehouse, excellent location.
      919 Skipper Ave, Fort Walton Beach, FL 32547
      View Details
    • $3,400 /Mo

      Fort Walton Beach Office/Retail Space

      3,000 SF office/retail space in high-traffic Fort Walton Beach.
      652 Beal Pkwy, Fort Walton Beach, FL 32547
      View Details
    • $7,750 /Mo
      4,895 SF

      Office/Warehouse Space For Sublease

      Office and warehouse space with ample parking in great location.
      103 Lewis St #A, Fort Walton Beach, FL 32547
      View Details
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    1001 Mar Walt Dr
    Fort Walton Beach, FL 32547-6780
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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