Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    400 Eglin NE Pkwy Fort Walton Beach, FL 32547-2828
    Back to Search
    Property profile & analytics

    400 Eglin NE Pkwy, Fort Walton Beach, FL 32547-2828

    View on Map
    • Turn key restaurants
    • 7,609 SF
    • 0.77 lot acres
    Off-Market
    Last Sale Feb 18, 2022
    $825,000
    Property ID
    US18-3237017
    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.
    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Frutas Locas / Grocery & Convenience Store / Specialty Food Shop
    • Tony's Hibachi INC. / Catering Service / Take-out & Catering
    • THE RICAN VEGAN LLC / Restaurant
    • FIRE THAI FUSION | FOOD TRUCK / Restaurant
    • FIRE THAI FUSION / Restaurant

    Property Details for 400 Eglin NE Pkwy

    Year built
    1964
    Construction
    FRAME
    Lot size
    0.77 lot acres
    Property type
    Turn key restaurants
    APN
    01-2S-24-0180-0002-0010
    APU
    012S24018000020010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 18, 2022 $825,000 Robert Tstemer SR. Perillo Investments LLC Warranty Deed —
    May 31, 2019 $400,000 Perillo Investments LLC Shirley Ann Temple Warranty Deed $391k · Synovus Bank
    Apr 9, 2019 — Sailfish Of Nw Florida INC — Deed · related $576k · Hancock Whitney Bk
    Mar 15, 2013 — Shirley A Temple Way,joseph Quit Claim Deed · related —
    Jun 8, 2009 — Joseph Way Stallworth F N JR Living Grant Deed · related —
    Oct 18, 2007 — Stallworth F N JR Living Trust Stallworth,f N JR Quit Claim Deed · related —
    — — Sailfish Of Nw Florida INC — Deed Of Trust · related $576k · Hancock Whitney Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $670,000
      ML approach
      $800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $924,000
      Market price range: $883k - $2.67M
      AI Estimate
      $651,000
      Market price range: $652k - $1.33M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6022
    Latitude
    30.437
    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
    $8,475
    $523,687
    $160,873
    $684,560
    -
    $523,687
    $160,873
    $684,560

    Comparable in this City

    • Value Estimation by Request
      2,712 SF

      648 Beal N Pkwy

      RESTAURANT
      648 Beal N Pkwy, Fort Walton Beach, FL 32547-3508
      View Details
    • Value Estimation by Request
      4,883 SF

      543 Eglin NE Pkwy

      RESTAURANT
      543 Eglin NE Pkwy, Fort Walton Beach, FL 32547-2829
      View Details
    • Value Estimation
      $1,030,000
      12,150 SF

      455 Eglin NE Pkwy

      RESTAURANT
      455 Eglin NE Pkwy, Fort Walton Beach, FL 32547-2827
      View Details
    • Value Estimation
      $515,000
      6,241 SF

      1955 Lewis Turner Blvd

      RESTAURANT
      1955 Lewis Turner Blvd, Fort Walton Beach, FL 32547-1256
      View Details
    • Value Estimation by Request
      3,984 SF

      789 Beal N Pkwy

      RESTAURANT
      789 Beal N Pkwy, Fort Walton Beach, FL 32547-3079
      View Details
    • Value Estimation by Request
      3,228 SF

      723 Eglin NE Pkwy

      RESTAURANT
      723 Eglin NE Pkwy, Fort Walton Beach, FL 32547-2527
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,357 SF

      Freestanding Restaurant/Catering Facility For Sale

      4,300 SF freestanding restaurant and catering facility available.
      350 Eglin Pkwy, Fort Walton Beach, FL 32547
      View Details
    • Contact for pricing

      Divisible Retail/Office Space in Plaza

      10,265 SF space ideal for retail or office use.
      109 Racetrack Rd NE, Fort Walton Beach, FL 32547
      View Details
    • Contact for pricing

      Service Shop on Half Acre

      Half acre parcel with shop and house near school.
      805 Playground Rd, Fort Walton Beach, FL 32547
      View Details
    • Contact for pricing
      4,832 SF

      Fort Walton Beach Mixed-Use Property

      Mixed-use property in Fort Walton Beach, Florida, featuring two units.
      1429 Lewis Turner Blvd, Fort Walton Beach, FL 32547
      View Details
    • Contact for pricing

      Eglin Parkway Retail Opportunity

      Retail spaces for lease in Fort Walton Beach, starting at 1,800 SF.
      710 Eglin Pkwy NE, Fort Walton Beach, FL 32547
      View Details
    • Contact for pricing

      Office/Warehouse in Fort Walton Beach

      9760 SF freestanding office/warehouse on 0.8 acres with parking.
      2 NW Racetrack Rd, Fort Walton Beach, FL 32547
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,644 SF

      Fort Walton Beach Retail Space

      High-visibility retail property with drive-thru and commercial kitchen.
      302 Racetrack Rd NW, Fort Walton Beach, FL 32547
      View Details
    • Contact for pricing

      Retail Space on Harrelson Street

      Retail space for lease in Fort Walton Beach, Florida.
      921 Harrelson St, Fort Walton Beach, FL 32547
      View Details
    • Contact for pricing

      Move-in Ready Retail Space Available

      Retail space with new flooring, paint, and AC system.
      284 Eglin Pkwy Ne, Fort Walton Beach, FL 32547
      View Details
    • $1.00 SF/Yr
      4,800 SF

      Retail Space Available For Lease

      4800 SF retail space for lease in Fort Walton.
      144 Air Force St, Fort Walton Beach, FL 32547
      View Details
    • Contact for pricing
      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
    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.
    400 Eglin NE Pkwy
    Fort Walton Beach, FL 32547-2828
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    400 Eglin NE Pkwy, Fort Walton Beach, FL, 32547
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!