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Property profile & analytics
OFF-MARKET
Turn key restaurants

12 Eglin SE Pkwy Fort Walton Beach, FL 32548-5422

2,828 SF 0.25 ac lot Built 1964
Entity Owned 1-yr Hold Free & Clear
Property ID
US18-4133147
Property summary
AI-generated overview

This vacant 2,828-square-foot retail space in Fort Walton Beach, Florida, is available for $540,000 ($190.95/sq ft). Located at 12 Eglin Pkwy SE, 32548, this Class C property boasts a high-traffic count of 37,000 vehicles daily (2022 data). The single-tenant building sits on a commercially zoned (COM) lot and is ideal for a variety of uses, including restaurants, bars, convenience stores, or other retail establishments. The spacious interior includes a large restroom, office space, and adaptable rooms easily converted into a kitchen or additional offices. Previously a tobacco store, the property offers ample parking. Its prime location in a retail corridor near Eglin Air Force Base provides excellent visibility and accessibility. The property is also conveniently located minutes from other top restaurants, retail businesses, and offices in Fort Walton Beach, as well as the beautiful Gulf Coast beaches, hotels, and the nearby city of Destin. This owner-user opportunity presents a strong investment potential in a thriving area.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,828 SF
Lot 0.25 ac (11,000 SF)
APN 13-2S-24-1910-0460-0000
UPID US18-4133147
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
11eglin LLC · 1 yrs held
11eglin LLC
since 2025
Last sale
$480,000
4 recorded transactions
2025
$480,000
2021
$320,000
2019
$275,000
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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