Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings
Property profile & analytics

2 Eglin NE Pkwy Fort Walton Beach, FL 32548-4915

  • Commercial real estate
  • 12,345 SF
  • 0.88 lot acres
OFF-MARKET
Last Sale
Feb 13, 2024
$2,200,000
Value Estimations
$2,200,000
Show details
Cap Rate Potential
6.8%
Commercial real estate
Location Intelligence
Property ID
US18-2658591
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • 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
    Market price range: $1.55M - $3.51M
    AI Estimate
    $2,128,000
    Market 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

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,487
$469,959
$512,619
$982,578
-
$469,959
$512,619
$982,578
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message