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Property profile & analytics
FOR SALE
Commercial real estate
30 Ferry Rd SE Fort Walton Beach, FL 32548
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2996736
For Sale
1 / 58
$670,000
30 Ferry Rd SE, Fort Walton Beach, FL 32548
View Listing →
Property summary
AI-generated overview
This freestanding, 2,208 square foot Class C office building in Fort Walton Beach, Florida, presents a compelling investment opportunity. Currently 100% occupied by Easy Vacation Services under a Net Lease agreement with 4.3 years remaining (plus two five-year renewal options), this single-tenant property boasts a 6.00% cap rate and an asking price of $670,000. Built in 2007, the one-story building sits on a 0.23-acre lot (APN: 13-2S-24-1910-0292-0000) and enjoys a prime location in the heart of Fort Walton Beach's core retail trade area, near Eglin Pkwy (over 53,000 vehicles daily). The property benefits from its proximity to numerous national retailers and restaurants, including Ross, Ulta, and more. The tenant shares a parking lot with Step One Automotive Group. The lease commenced January 29, 2024, and expires February 28, 2029. Seller financing may be considered. This is an exceptional opportunity to acquire a well-located, NNN-leased asset in a tax-free state. The property consists of two units within a single building.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Construction
STEEL FRAME
Total area
2,760 SF
Lot
0.23 ac (9,825 SF)
APN
13-2S-24-1910-0292-0000
UPID
US18-2996736
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
-
EASY Vacation Services Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$784k
Blend (final)
Blend
$645k
Owner & transaction history
Hawksbill Management LLC · 4 yrs held
Hawksbill Management LLC
since 2021
Last sale
$547,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$635,000
+25.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Walton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Walton Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$660,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$515,000
7%
$480,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$505,000
Current use
AUTO REPAIR, GARAGE
$635,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$465,000
Change: -8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $547k (Nov 10 2021)
Last sale anchor
$547k
Nov 10 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$234 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,250
Tax year 2023
Assessed value
$355,262
Assessed 2023
Previous assessed
$247,408
+43.6% YoY
Effective rate
1.20%
On assessed value
Assessed land
$59,939
Assessed improvement
$295,323
Land market value
$59,939
Improvement market value
$295,323
Total market value
$355,262
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
2,760 SF
Lot
0.23 ac (9,825 SF)
APN
13-2S-24-1910-0292-0000
UPID
US18-2996736
Jurisdiction
OKALOOSA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$635,000
RETAIL STORES
Est. value
$465,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$430,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Lot
0.23 ac
Current owner
From public records · entity-resolved
Hawksbill Management LLC
Entity
Mailing address
815 LONE STAR DR, NEW BRAUNFELS, TX 78130-2932
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2021
$547,000
Hawksbill Management LLC
Capital Partners Network LLC
Warranty Deed
$428,000 · Beach Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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