Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    322 Racetrack NE Rd Fort Walton Beach, FL 32547-2546

    • Specialty properties
    • 3,548 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US18-4502302
    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.

    Current Use by Public Records

    • Westfall Jackie W DO / Family Practice Physician
    • NW Florida Lung Associates / Pulmonologist / General Practitioner
    • Dr. Michael Given, MD / Pulmonologist / Doctor
    • Michael J Given Md / Doctor
    • Wilson Kathy MD / Nurse Practitioner

    Property Details for 322 Racetrack NE Rd

    Year built
    1984
    Construction
    FRAME
    Lot size
    0.28 lot acres
    Property size
    3,548 SF
    Property type
    Specialty properties
    APN
    01-2S-24-1120-0006-0140
    APU
    012S24112000060140

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $335,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $445,000
      Retail
      $455,000
      Mixed-Use
      $390,000
      Hospitality
      $435,000
      Educational
      $335,000
      Residential Income
      $455,000
      Energy
      $405,000
      Income-Based Land
      $355,000
      Food Service
      $445,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6029
    Latitude
    30.4443
    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
    $3,252
    $128,480
    $134,173
    $262,653
    -
    $128,480
    $134,173
    $262,653

    Comparable in this City

    • Value Estimation by Request
      26,092 SF

      122 Barks Dr

      VETERINARY, ANIMAL HOSPITAL • 26,092 SF
      122 Barks Dr, Fort Walton Beach, FL 32547
      View Details
    • Value Estimation
      $280,000
      4,845 SF

      228 Grn Acres Rd

      CHARITABLE ORGANIZATION • 4,845 SF
      228 Grn Acres Rd, Fort Walton Beach, FL 32547-1165
      View Details
    • Value Estimation
      $370,000
      3,345 SF

      18 Racetrack NW Rd

      VETERINARY, ANIMAL HOSPITAL • 3,345 SF
      18 Racetrack NW Rd, Fort Walton Beach, FL 32547-1642
      View Details
    • Value Estimation
      $385,000
      2,656 SF

      816 Pinedale Rd

      VETERINARY, ANIMAL HOSPITAL • 2,656 SF
      816 Pinedale Rd, Fort Walton Beach, FL 32547-2484
      View Details
    • Value Estimation
      $2,305,000
      9,126 SF

      424 Racetrack NW Rd

      VETERINARY, ANIMAL HOSPITAL • 9,126 SF
      424 Racetrack NW Rd, Fort Walton Beach, FL 32547-1556
      View Details
    • Value Estimation
      $2,785,000
      13,061 SF

      1106 Hospital Rd

      VETERINARY, ANIMAL HOSPITAL • 13,061 SF
      1106 Hospital Rd, Fort Walton Beach, FL 32547-6742
      View Details

    Similar Nearby for Sale

    • $185,000

      Well-Maintained Townhome with Fenced Backyard

      Comfortable 2-bedroom townhome with no HOA fees and garden.
      904 Tokalon Ct, Fort Walton Beach, FL 32547
      View Details
    • $799,000

      Commercial Property Near Hurlburt Field

      Commercial property with three buildings near Hurlburt Field back gate.
      314 Carmel Dr, Fort Walton Beach, FL 32547
      View Details
    • $210,000

      Updated Townhome Near Hurlburt Field

      Well-maintained 2-bedroom townhome with updated kitchen and community pool.
      225 Carmel Dr, Fort Walton Beach, FL 32547
      View Details
    • $409,000

      Fort Walton Beach Property

      Property for sale in Fort Walton Beach, Florida.
      209 Hawthorne Cir, Fort Walton Beach, FL 32547
      View Details
    • $700,000
      4,300 SF

      Prime Fort Walton Beach Medical Office Building

      4,300 SF Medical Office - Sale or Lease
      203 Cloverdale Blvd, Fort Walton Beach, FL 32547
      View Details
    • $950,000

      Fort Walton Beach Office Space

      Mixed-use commercial property with excellent visibility and access.
      251 NE Eglin Pkwy, Fort Walton Beach, FL 32547
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      3,150 SF

      Prime Fort Walton Beach Office Space

      Class A office suite, 3,150 sq ft, medical campus.
      1046 Mar Walt Dr, Fort Walton Beach, FL 32547
      View Details
    • $26 SF/Yr
      6,280 SF

      Fort Walton Beach Medical Office Suite 400

      Class A Office Space, 6280 SF, NNN Lease
      1046 Mar Walt Dr, Fort Walton Beach, FL 32547
      View Details
    • $16 SF/Yr
      66,624 SF

      Prime Fort Walton Beach Flex Space

      1.52-acre flex space; high visibility; NNN lease.
      921 Harrelson St, Fort Walton Beach, FL 32547
      View Details
    • $1,650 /Mo
      920 SF

      Upgraded Townhouse with Fenced Backyard

      Renovated townhouse featuring granite counters, new flooring, and private backyard.
      888 Culp Ave, Fort Walton Beach, FL 32547
      View Details
    • $10 SF/Yr
      8,450 SF

      Retail Space in Mariner Plaza

      Retail or office space available in Mariner Plaza.
      224 NE Eglin Pkwy, Fort Walton Beach, FL 32547
      View Details
    • $1,700 /Mo

      City Plaza Office Space Available

      Office space for rent in City Plaza with ample parking.
      411 NE Racetrack Rd, Fort Walton Beach, FL 32547
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    322 Racetrack NE Rd
    Fort Walton Beach, FL 32547-2546
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.