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Property profile & analytics
FOR SALE
Retail properties & Spaces

3397 Highway 98 W Mary Esther, FL 32569

2,355 SF 0.73 ac lot Built 1978
Individually Owned 22-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-4054407
Property summary
AI-generated overview

This exceptional 0.83-acre commercial redevelopment opportunity is located at 3397 W Highway 98 in Mary Esther, Florida, 32569. The property, situated on a prominent corner at the intersection of Highway 98/Navarre Parkway and Rosewood Avenue, benefits from high visibility and significant daily traffic counts of 44,500 vehicles. The existing 2,047 square foot building was constructed in 1978 and sits on a single-story structure. The land is zoned MU, allowing for a wide range of commercial uses. This site presents a unique chance to capitalize on its strategic location adjacent to a newly developed Publix Shopping Center. The asking price is $650,000, translating to $17.98 per square foot and $783,133 per acre. Seller financing may be available. The property features one building and has a single tenancy. The APN is 18-2S-25-0000-0014-0010. This is a rare opportunity to acquire a high-traffic commercial property in a thriving Okaloosa County location.

Property profile
Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1978
Construction FRAME
Total area 2,355 SF
Lot 0.73 ac (31,680 SF)
APN 18-2S-25-0000-0014-0010
UPID US18-4054407
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
James B Brooks
James B Brooks
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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