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108 Kelly Rd Niceville, FL 32578-1825

OFF-MARKET Warehouses Google Maps
12,837 SF 0.38 ac lot Built 2003
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$370k
Range $333k – $407k (±10%)
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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$907k
Blend (final) Blend
$370k

Owner & transaction history

since 2019
5 recorded transactions
2019
$647,500
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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