Property profile

2 NW Racetrack Rd Fort Walton Beach, FL 32547

FOR SALE
Vehicle Sales, Vehicle Rentals
Property ID
US18-3325263
9,836 SF 0.84 ac lot Built 1983
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Property summary

AI-generated overview

This freestanding commercial property totals 9,760 square feet and is located in Fort Walton Beach, Florida. The building includes 5,140 square feet of climate-controlled office and showroom space and 4,620 square feet of warehouse space. It sits on a 0.8-acre lot and provides 30 parking spaces. Vehicular access is available from both Mooney Rd and Racetrack Rd. The property is configured to support service-oriented business uses and is set up under a triple-net (NNN) style lease structure.

Property profile

Verified
Property type Vehicle Sales, Vehicle Rentals
Year built 1983
Total area 9,836 SF
Lot 0.84 ac (36,450 SF)
APN 35-1S-24-1550-0008-0
UPID US18-3325263

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
  • Atm
  • Gas Station
  • Bank Credit Union
  • Auto Repair Shop

Location

2 NW Racetrack Rd Fort Walton Beach, FL 32547
Fort Walton Beach metro
Google Maps

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

since 2023
Last sale
$875,000
3 recorded transactions
2023
$875,000
2023
Price N/A
2020
$552,500
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More about this property
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