251 Mary Esther Blvd Mary Esther, FL 32569-1678
Property profile & analytics
251 Mary Esther Blvd Mary Esther, FL 32569-1678
- Retail space
- 8,740 SF
- 0.71 lot acres
Property ID
US18-6024453
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.
Location Intelligence
Current Use by 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 / Air Force Base / Career Guidance Service
- Bitcoin Depot | Bitcoin ATM / Crypto Atm / Atm
Property Details for 251 Mary Esther Blvd
- Year built
- 1984
- Construction
- STEEL FRAME
- Lot size
- 0.71 lot acres
- Property size
- 8,740 SF
- Property type
- Retail space
- APN
- 16-2S-24-0000-0007-0020
- APU
- 162S24000000070020
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,095,000
- 6.5%
- $1,935,000
- 7%
- $1,795,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,675,000 Current use
- COMMERCIAL (GENERAL)
- $2,150,000 Change: +28% Conversion: Easy
- RESTAURANT
- $1,855,000 Change: +11% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,370,000 Change: -18% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,350,000 Change: -20% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Mary Esther
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.6536
- Latitude
- 30.4155
- 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
$12,845
$495,204
$399,485
$894,689
-
$495,204
$399,485
$894,689
