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Property profile & analytics

431 Racetrack NW Rd Fort Walton Beach, FL 32547-1555

  • Retail space
  • 5,670 SF
  • 0.37 lot acres
OFF-MARKET
Last Sale
Aug 30, 2022
$475,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US18-5208528
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

  • Independent Flooring / Carpet & Flooring Store
  • Independent Flooring and Blinds / Carpet & Flooring Store / Hardware & Home Improvement

Property Details for 431 Racetrack NW Rd

Year built
1984
Construction
STEEL FRAME
Lot size
0.37 lot acres
Property size
5,670 SF
Property type
Retail space
APN
03-2S-24-0000-0039-0000
APU
032S24000000390000

Description

This exceptional 5,670 square foot freestanding industrial flex space is ideally situated on Racetrack Road in Fort Walton Beach, Florida, offering unparalleled visibility and accessibility. The property boasts a compelling blend of showroom and warehouse space, perfectly suited for a variety of businesses. The building features approximately 2,500 square feet of showroom and office space, highlighted by a glass storefront providing excellent curb appeal. Multiple offices, a convenient kitchen/break area, and two restrooms cater to employee needs. The remaining 3,000 square feet comprises a functional warehouse area, complete with a single roll-up door for easy loading and unloading. Ample parking accommodates large trucks and trailers, ensuring seamless logistics. A fenced rear lot provides valuable additional outdoor storage space. The property is a single-tenant building with an attractive rental structure of $12 per square foot base rent, plus $2 per square foot in NNN fees, resulting in a total monthly rent of $6,813.45 (plus sales tax). This turnkey solution offers a fantastic opportunity for businesses seeking a high-profile location with a functional and versatile layout. The property's APN is 03-2S-24-0000-0039-0000 and is located in Okaloosa County. One drive-in bay is available.


Value Estimations

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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Fort Walton Beach
County
Okaloosa
State
Florida
Longitude
-86.6352
Latitude
30.4492
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
$3,772
$190,579
$114,137
$304,716
-
$190,579
$114,137
$304,716
More about this property
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