2535 Ferdon Blvd Crestview, FL 32536
- Outlet malls
- 34,328 SF
- 6.24 lot acres
Current Use by Public Records
- Advance America / Loan Agency / Financial Institution
- Western Union / Money Transfer Service
- MoneyGram / Money Transfer Service
Property Details for 2535 Ferdon Blvd
- Year built
- 1986
- Construction
- STEEL FRAME
- Lot size
- 6.24 lot acres
- Property size
- 34,328 SF
- Property type
- Outlet malls
- APN
- 29-3N-23-0000-0003-0000
- APU
- 293N23000000030000
Description
This exceptional 1,200 square foot creative office space is available for lease within the Crestview Corners Shopping Center, a Class B property located at 2535 S Ferdon Blvd, Crestview, FL 32536. The single-tenant space is part of a larger 15,500 square foot retail and office complex comprised of three single-story buildings, renovated in 2021. The property boasts a total of six suites, with this particular unit offering a minimum of 1,200 and a maximum contiguous space of 1,200 square feet. The shopping center enjoys a high-traffic location on Hwy 85, just north of I-10, benefiting from combined daily traffic counts exceeding 46,000 vehicles. Strong anchor tenants, including Ashley Furniture HomeStore, Beall's Outlet, and Big Lots, provide significant foot traffic and visibility. Property taxes are $1.12 per square foot. This is an excellent opportunity for a business seeking a well-located, renovated space in a thriving retail environment. The property is situated in Crestview, Florida, offering convenient access to major roadways and amenities.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $8,225,000
- 6.5%
- $7,590,000
- 7%
- $7,050,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,276,000
- AI Estimate
- $5,026,000
Market price range: $2.37M - $6.28MMarket price range: $1.75M - $5.03M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,335,000 Current use
- RESTAURANT
- $7,290,000 Change: +68% Conversion: Easy
- COMMERCIAL (GENERAL)
- $6,065,000 Change: +40% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $5,375,000 Change: +24% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $5,295,000 Change: +22% Conversion: Difficult
- WAREHOUSE, STORAGE
- $3,895,000 Change: -10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Crestview
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.5644
- Latitude
- 30.7338
- CBSA code
- 18880
- CBSA name
- CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA