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Property profile & analytics
OFF-MARKET Estimated value $7,890,000
Specialty properties

214 Covell Rd Crestview, FL 32539-6060

8,934 SF 1.19 ac lot Built 2021
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-6835661
Property summary
AI-generated overview

This exceptional commercial property, located at 214 Covell Road Unit 214 in Crestview, Florida, presents a unique investment opportunity. Boasting a substantial 8,934 square feet of space, this general commercial building offers immense potential for a variety of businesses. The property sits on a lot with no acreage, making it ideal for businesses that prioritize accessibility and convenience. Priced competitively at $25,000, this represents a significant value in the Crestview market. The property's location on Covell Road ensures high visibility and accessibility, attracting substantial foot and vehicle traffic. The building's substantial square footage allows for flexible layout configurations, catering to diverse business needs. Whether you envision a retail space, office complex, or warehouse, this property's adaptability makes it a versatile option. Its affordability makes it an attractive proposition for entrepreneurs and established businesses alike seeking a cost-effective entry into the thriving Crestview commercial landscape. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy, allowing for a swift and seamless transition for your business. Don't miss this chance to secure a prime commercial space at an exceptional price point.

Property profile
Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 2021
Construction FRAME
Total area 8,934 SF
Lot 1.19 ac (51,870 SF)
Zoning code C-1
APN 28-3N-23-0000-0009-0000
UPID US18-6835661
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Marcello A. Borzatta, MD Physician Hospital
  • Azura Surgery Center Physician
  • Dr. Marcello Borzatta Physician Hospital
  • Edward Friedland, MD Physician Medical Clinic
  • THOMAS J SHAKNOVSKY Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.41M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.89M
Owner & transaction history
Massmutual Asset Finance LLC · 4 yrs held
Massmutual Asset Finance LLC
since 2022
Last sale
$7.5M
6 recorded transactions
2022
$7.5M
2020
Price N/A
2018
$200,000
2017
$250,000
2004
$73,000
1969
Price N/A
Zoning & alternative use
C-1 · Crestview, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $4.8M +159.1%
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