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    Property profile & analytics
    OFF-MARKET Estimated value $1,415,000
    Retail space

    251 Mary Esther Blvd, Mary Esther, FL 32569-1678

    8,740 SF 0.71 ac lot Built 1984
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US18-6024453
    Property summary
    AI-generated overview

    Market Place of Santa Rosa presents a prime retail investment opportunity in the thriving Mary Esther, Florida market. This single-story, 87,250 square foot shopping center, built in 1983, is situated on a one-acre lot at 251 Mary Esther Boulevard, directly across from the Santa Rosa Mall. The property boasts a highly visible location on a major thoroughfare, Mary Esther Boulevard, a key corridor in Fort Walton Beach, ensuring excellent exposure to a large volume of traffic. The center features convenient access with three points of ingress and egress. Currently, there is 13,384 square feet of vacant space available, divisible into units as small as 1,200 square feet and with a maximum contiguous space of 8,384 square feet. The property is zoned C-2, making it suitable for a variety of retail uses. The center is anchored by a grocery store, providing a strong draw for customers. This presents a unique chance to establish or expand a business within a well-established and successful shopping center, benefiting from the existing high traffic volume and strong neighborhood presence. The property's location and features make it an ideal choice for businesses seeking high visibility and convenient access in a bustling retail environment. The Okaloosa County location offers a strong demographic profile and a growing consumer base. This is a rare opportunity to secure retail space in a highly desirable location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1984
    Construction STEEL FRAME
    Total area 8,740 SF
    Lot 0.71 ac (31,080 SF)
    APN 16-2S-24-0000-0007-0020
    UPID US18-6024453
    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
    • Piggly Wiggly Grocery & Convenience Store Food Market
    • Peluquería y barbería Blanca Hair Salon Nail Salon
    • Little Caesars Pizza Restaurant
    • US Air Force & Space Force Recruiting @FWBUSAF College Employment Agency
    • Bitcoin Depot | Bitcoin ATM Crypto Atm Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.94M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.42M
    Owner & transaction history
    Rpg C21 LLC · 2 yrs held
    Rpg C21 LLC
    since 2023
    7 recorded transactions
    2023
    $1.8M
    2020
    2017
    2017
    $1,100
    2017
    2017
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.2M +28.3%
    Restaurant $1.9M +10.8%
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