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    OFF-MARKET
    Sports & entertainment properties

    106 Racetrack NE Rd, Fort Walton Beach, FL 32547-1872

    8,221 SF 1.07 ac lot Built 2003
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US18-5863341
    Property summary
    AI-generated overview

    This exceptional 7,963-square-foot commercial building presents a unique investment opportunity in Fort Walton Beach, Florida. Situated on a 1.63-acre lot at 106 Racetrack Rd NE, 32547, this single-story, 2003-built structure boasts a spacious, open-concept interior ideal for customization. Currently vacant, the property offers significant potential for a variety of uses, thanks to its C-3 zoning. The building features high ceilings and ample restroom and storage space. A key advantage is the extensive paved parking area, providing nearly 100 spaces for employees and clients. The property enjoys high visibility with over 250 feet of frontage on Racetrack Road, a major thoroughfare with an average daily traffic count exceeding 27,000 vehicles. This prime location in Okaloosa County offers easy access to local amenities and a strong regional economy. The asking price is $1,800,000, translating to $226.05 per square foot. This presents a blank canvas for a discerning investor or business owner seeking a prominent presence in a thriving market. The property's size and location make it suitable for a wide range of commercial ventures. Don't miss this chance to acquire a substantial commercial property in a high-traffic area.

    Property profile
    Verified
    Property type Sports & entertainment properties
    Use group RECREATIONAL, ENTERTAINMENT
    Year built 2003
    Construction STEEL FRAME
    Total area 8,221 SF
    Lot 1.07 ac (46,640 SF)
    APN 36-1S-24-0650-0004-06A0
    UPID US18-5863341
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Racetrack Bingo Bingo Hall
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Azrn Property Management INC
    Azrn Property Management INC
    since 2025
    Last sale
    $1.3M
    4 recorded transactions
    2025
    2025
    $1.3M
    2019
    1996
    $175,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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