2 Eglin NE Pkwy Fort Walton Beach, FL 32548-4915
- Commercial real estate
- 12,345 SF
- 0.88 lot acres
Feb 13, 2024
Current Use by Public Records
- Northwest Florida Daily News / Publishing House / Newspaper & Magazine
- Carpet City / Carpet & Flooring Store
- Emerald Coast Flooring America / Carpet & Flooring Store / Hardware & Home Improvement
- The Destin Log / Publishing House / Newspaper & Magazine
- Beck's flooring llc / General Contractor / Renovation Specialist
Property Details for 2 Eglin NE Pkwy
- Year built
- 1970
- Construction
- CONCRETE
- Lot size
- 0.88 lot acres
- Property size
- 12,345 SF
- Property type
- Commercial real estate
- APN
- 13-2S-24-0000-0015-0000
- APU
- 132S24000000150000
Description
This exceptional 12,000-square-foot executive office space is ideally situated at the high-traffic corner of Eglin Parkway and Hollywood Boulevard in Fort Walton Beach, Florida. The single-tenant building sits on a 0.6-acre lot, offering ample space and visibility. Currently entirely vacant, this property presents a unique opportunity for a business seeking a prominent location in Okaloosa County. The building's total square footage is 12,000 square feet, all of which is available for immediate occupancy. The property type is classified as an office building, specifically an executive office suite, making it suitable for a variety of professional uses. Its location in Fort Walton Beach provides easy access to major roadways and a thriving business community. The property is ready for immediate occupancy, with an anticipated availability date of October 1st. This is a rare chance to secure a substantial, high-profile office space in a desirable location. The address is 2 NE Eglin Parkway, Fort Walton Beach, FL 32548. This presents a significant opportunity for a business seeking a substantial and well-located office space in a growing market. The property's size and location make it an ideal choice for a company looking to establish a strong presence in the area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,200,000
- ML approach
- $2,200,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,500,000
- 6.5%
- $2,310,000
- 7%
- $2,145,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,252,000
- AI Estimate
- $2,128,000
Market price range: $1.55M - $3.51MMarket price range: $1.00M - $3.40M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,260,000 Current use
- AUTO REPAIR, GARAGE
- $2,830,000 Change: +25% Conversion: Difficult
- RESTAURANT
- $2,820,000 Change: +25% Conversion: Difficult
- RETAIL STORES
- $2,085,000 Change: -8% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,930,000 Change: -14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Fort Walton Beach
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.605
- Latitude
- 30.4125
- CBSA code
- 18880
- CBSA name
- CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA