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

    200 Irwin NE Ave Fort Walton Beach, FL 32548-4435

    • Warehouses
    • 121,474 SF
    • 10.09 lot acres
    OFF-MARKET
    Value Estimations
    $9,650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3293637
    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

    • Sears Appliance Repair / Hardware & Home Improvement / HVAC Service
    • Trailer Hitches at U-Haul / Auto Parts Store
    • U-Haul Moving & Storage of Fort Walton Beach-Destin / Storage Facility
    • Truck Sales at U-Haul / Car Dealership
    • U-Box at U-Haul / Storage Facility

    Property Details for 200 Irwin NE Ave

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.09 lot acres
    Property size
    121,474 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    12-2S-24-0460-0013-0010
    APU
    122S24046000130010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,849,000
      Market price range: $7.75M - $14.4M
      AI Estimate
      $6,076,000
      Market price range: $3.69M - $8.04M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $10,915,000
      Current use
      INDUSTRIAL (GENERAL)
      $12,545,000
      Change: +15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6115
    Latitude
    30.4214
    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
    $94,631
    $1,890,525
    $4,600,977
    $6,491,502
    -
    $1,890,525
    $4,600,977
    $6,491,502

    Comparable in this City

    • Value Estimation by Request
      3,578 SF

      99 Lovejoy NW Rd

      MINI-WAREHOUSE, STORAGE • 3,578 SF
      99 Lovejoy NW Rd, Fort Walton Beach, FL 32548-3479
      View Details
    • Value Estimation by Request
      4,800 SF

      749 Hollywood NW Blvd

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      749 Hollywood NW Blvd, Fort Walton Beach, FL 32548
      View Details
    • Value Estimation
      $17,220,000
      113,633 SF

      530 Mary Esther Cut Off NW

      MINI-WAREHOUSE, STORAGE • 113,633 SF
      530 Mary Esther Cut Off NW, Fort Walton Beach, FL 32548-4025
      View Details
    • Value Estimation by Request
      4,000 SF

      33 Industrial NW St

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      33 Industrial NW St, Fort Walton Beach, FL 32548-4813
      View Details
    • Value Estimation
      $1,210,000
      12,240 SF

      220 Santa Rosa SW St

      MINI-WAREHOUSE, STORAGE • 12,240 SF
      220 Santa Rosa SW St, Fort Walton Beach, FL 32548-6516
      View Details
    • Value Estimation
      $4,815,000
      10,809 SF

      26 Beal Pkwy

      MINI-WAREHOUSE, STORAGE • 10,809 SF
      26 Beal Pkwy, Ft Walton Beach, FL 32548
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,751 SF

      Industrial Park Flex/Warehouse Space

      Income-producing flex/warehouse space in Fort Walton Beach industrial park.
      658 Lovejoy Rd NW, Fort Walton Beach, FL 32548
      View Details
    • Contact for pricing
      11,820 SF

      Versatile Flex Building with Yard

      11,820 SF flex building with warehouse and office space.
      702 Anchors St NW, Fort Walton Beach, FL 32548
      View Details
    • $1,650,000

      Versatile Commercial Property Near Downtown

      Office, flex, and warehouse space near Yacht Club/Ferry Park.
      223 NE Troy St, Fort Walton Beach, FL 32548
      View Details
    • $1,950,000
      35,594 SF

      Fort Walton Beach Industrial Property

      Prime 35,594 SF warehouse, ideal investment.
      20 Ready Ave NW, Fort Walton Beach, FL 32548
      View Details
    • $2,700,000

      Commercial Office and Warehouse Space

      24-unit commercial property with office and warehouse spaces.
      119 NW Hollywood Blvd, Fort Walton Beach, FL 32548
      View Details
    • $725,000
      7,200 SF

      Fort Walton Beach Industrial Complex

      7,200 SF Light Industrial; 6 Units
      206 Stokes Ave NW, Fort Walton Beach, FL 32548
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      13,975 SF

      Fort Walton Beach Industrial Space For Lease

      Large industrial space with high power & docks.
      161 Hill Ave NW, Fort Walton Beach, FL 32548
      View Details
    • $1,300 /Mo
      1,300 SF

      Fort Walton Beach Industrial Space

      1300 SF Warehouse, NNN Lease
      119 Hollywood Blvd NW, Fort Walton Beach, FL 32548
      View Details
    • $17,330 /Mo

      Versatile Warehouse and Office Space

      Warehouse and office space suitable for logistics, manufacturing, or investment.
      627 NW Anchors St, Fort Walton Beach, FL 32548
      View Details
    • $2,574 /Mo

      Warehouse Space with Roll-Up Door

      1300 sq ft warehouse space available for rent.
      119 Hollywood Blvd, Fort Walton Beach, FL 32548
      View Details
    • $5,000 /Mo

      Fort Walton Flex Building

      Flex building with warehouse, office, showroom, and large outdoor area.
      702 Anchors St NW, Fort Walton Beach, FL 32548
      View Details
    • Contact for pricing

      Fort Walton Beach Warehouse Portfolio

      32,100 SF industrial warehouse portfolio in Fort Walton Beach, FL.
      36 Tupelo Ave SE, Fort Walton Beach, FL 32548
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    200 Irwin NE Ave
    Fort Walton Beach, FL 32548-4435
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!