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Property profile & analytics
OFF-MARKET Estimated value $1,230,000
Turn key restaurants

215 Miracle Strip SW Pkwy Fort Walton Beach, FL 32548

4,767 SF 0.17 ac lot Built 1945
Entity Owned 1-yr Hold Free & Clear
Property ID
US18-3903259
Property summary
AI-generated overview

This exceptional 4,800 square foot retail building, located at 215 Miracle Strip Pkwy SE in Fort Walton Beach, Florida (zip code 32548), presents a lucrative investment opportunity. Situated in the heart of historic downtown, just before the Brooks Bridge leading to Okaloosa Island, this property boasts unparalleled visibility and accessibility. Completely renovated in 2002, the building currently operates as a restaurant and benefits from its adjacency to a city parking lot, ensuring ample parking for patrons. The high traffic count in this area guarantees significant foot traffic and potential customer base. The property features a newly signed five-year triple net lease with a long-standing restaurant tenant, boasting over 15 years of successful operation. This provides immediate and consistent income generation for the investor. This makes it an ideal investment for those seeking a stable, high-return property in a prime location. The asking price for this exceptional property is $1,450,000. The property is located in Okaloosa County and offers a fantastic opportunity for continued success in the thriving Fort Walton Beach market. This turnkey operation requires minimal effort to maintain its current high level of profitability.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1945
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,767 SF
Lot 0.17 ac (7,500 SF)
APN 24-2S-24-0300-000A-0040
UPID US18-3903259
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
  • Fokker's Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.24M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.23M
Owner & transaction history
Northline Investments LLC · 1 yrs held
Northline Investments LLC
since 2025
Last sale
$1.2M
3 recorded transactions
2025
$1.2M
2003
Price N/A
1999
$130,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.1M +0.5%
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