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Property profile & analytics
OFF-MARKET
Retail space

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

5,670 SF 0.37 ac lot Built 1984
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-5208528
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Construction STEEL FRAME
Total area 5,670 SF
Lot 0.37 ac (16,000 SF)
APN 03-2S-24-0000-0039-0000
UPID US18-5208528
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
  • Independent Flooring Carpet & Flooring Store
  • Independent Flooring and Blinds Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
431 Racetrack LLC · 3 yrs held
431 Racetrack LLC
since 2022
Last sale
$475,000
1 recorded transaction
2022
$475,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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