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1816 Lewis Turner Blvd Fort Walton Beach, FL 32547

Auto shops Google Maps
960 SF 0.89 ac lot Built 1992
Individually Owned 27-yr Hold ~ Est. High Equity
Estimated value (blended)
$305k
Range $275k – $336k (±10%)
Property ID US18-3643777

Property summary

AI-generated overview

This exceptional 0.83-acre commercial lot in Fort Walton Beach, Florida, boasts a prime location on a high-traffic corner with over 440 feet of road frontage on Lewis Turner Boulevard. The property benefits from existing water and sewer taps, a convenient fire plug, and exceptional visibility due to its four-lane frontage and high daily traffic count (31,524 vehicles per day, according to the Florida Department of Transportation). The lot is cleared and ready for immediate development or ownership. Existing structures, including a three-bay service shop and portable office building, are conveyed "as is" with no implied value and require removal or remodeling. A high-security fence with large gates, designed for 18-wheeler access, is included. The property offers two curb cuts on Lewis Turner Boulevard and a side entrance on Forest Heights Road. Dimensions are approximately 200.5 feet of frontage on the west side, 240 feet on the north side, and 154 feet on the east side. Utilities including water, sewer, electric, phone, and cable TV are readily available. The asking price for this exceptional opportunity is $760,000. This property is situated near County Offices and the Fairgrounds, further enhancing its desirability and potential.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1992
Construction FRAME
Total area 960 SF
Lot 0.89 ac (38,800 SF)
APN 35-1S-24-0000-0016-0000
UPID US18-3643777

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
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 1999
1 recorded transaction
1999
$247,500

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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