Financial
Distress signals
Property profile

109 Racetrack Rd NE Fort Walton Beach, FL 32547

FOR LEASE
Strip malls
Property ID
US18-4585682
60,964 SF 4.05 ac lot Built 1965
Last sale Dec 2014 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional leasing opportunity is located at 109 Racetrack Rd NE, Fort Walton Beach, FL 32547, within the Beltway Plaza Shopping Center. The property offers 1,540 square feet of versatile retail/restaurant space, ideal for a variety of businesses. Situated on a 4.05-acre lot, this Class C property enjoys prime visibility and signage along Racetrack Rd NE, benefiting from exposure to over 28,500 vehicles daily. The shopping center comprises two single-story buildings totaling 62,504

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$25k
Tax billed · 2023
Assessed value$2.01M
Assessed land$921k
Assessed improvement$1.09M
Effective rate1.24%

Value estimate

· Sep 2026
$1.10M
$990k – $1.21M
Sales comparison$1.91M
NOI build-up
Gross scheduled income$228k
Vacancy & credit loss−$17k
Operating expenses−$63k
NOI · 1,229,616.67% cap applied$148k

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?
1,229,616.67%
$148k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.9
Dental Office15.9
Electrical Service9.6

Location

109 Racetrack Rd NE Fort Walton Beach, FL 32547
County assessor Recorded deeds · 3 transfers 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

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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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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