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    Property profile & analytics
    OFF-MARKET Estimated value $815,000
    Warehouses

    108 Kelly Rd, Niceville, FL 32578-1825

    12,837 SF 0.38 ac lot Built 2003
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US18-5892455
    Property summary
    AI-generated overview

    This exceptional commercial property in Niceville, Florida offers 12,000 square feet of flexible space, divisible into units as small as 2,000 square feet. The property consists of two buildings totaling 12,000 square feet on a 0.71-acre lot. Building one features a combination of showroom/reception area, office space, and warehouse space with both dock-high and grade-level loading access. A functional loft area significantly increases storage capacity. Building two is a 100% office layout, ideal for professional services or government contractors. The property boasts 25 total parking spaces, one drive-in door, and one loading dock. Built in 2003, this two-story structure is zoned C-2 General Commercial and is located at 108 Kelly Rd, Niceville, FL 32578 in Okaloosa County. Its prime location offers excellent visibility and accessibility, situated adjacent to State Road 20 and State Road 85, providing easy access to Eglin Air Force Base, Destin-Fort Walton Beach Airport, and major transportation routes throughout the Florida Panhandle. This property presents a unique opportunity for businesses seeking versatile and strategically located space.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2003
    Construction STEEL FRAME
    Total area 12,837 SF
    Lot 0.38 ac (16,363 SF)
    APN 01-1S-23-0000-0046-0000
    UPID US18-5892455
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $907k
    Blend (final) Blend
    $815k
    Owner & transaction history
    Retriever Expediting Services INC · 7 yrs held
    Retriever Expediting Services INC
    since 2019
    5 recorded transactions
    2019
    $647,500
    2004
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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