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128 John King Rd 20 Crestview, FL 32539

Strip malls Google Maps
9,148 SF 0.86 ac lot Built 1995
Entity Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$660k
Range $594k – $726k (±10%)
Property ID US18-1865777

Property summary

AI-generated overview

This exceptional 8,040 square foot retail building, situated on a 0.86-acre lot in Okaloosa County, presents a fantastic investment opportunity. Located on John King Road, this single-tenant property boasts a highly desirable South-end location, ideal for a variety of professional uses, including medical offices. The building, constructed in 1995, has recently undergone renovations, ensuring modern amenities and a fresh aesthetic. The property is zoned Commercial and features a total of 8,040 square feet, with 1,000 square feet currently available for lease. The convenient location and updated condition make this property an attractive prospect for businesses seeking a well-maintained space in a thriving area. The property's Assessed Parcel Number (APN) is 32-3N-23-0000-0025-0000. This is a rare opportunity to acquire a well-positioned retail space in a high-demand area. The ample square footage and convenient location offer significant potential for growth and profitability. Don't miss this chance to secure a prime commercial property in Okaloosa County. Serious inquiries only.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1995
Construction STEEL FRAME
Total area 9,148 SF
Lot 0.86 ac (37,461 SF)
APN 32-3N-23-0000-0025-0000
UPID US18-1865777

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Clothing Supplier Commercial Printer
  • Physician
  • Hair Salon
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$660k

Owner & transaction history

since 2025
Last sale
$1.1M
7 recorded transactions
2025
$1.1M
2021
$650,000
2010
$600,000
2007
Price N/A
2004
$300,000
1997
$99,000
1996
$15,800

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.7M +17.7%

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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