Financial
Distress signals
Property profile

431 Racetrack Rd NW Fort Walton Beach, FL 32547

FOR SALE
Retail space
Property ID
US18-5208528
5,670 SF 0.37 ac lot Built 1984
Last sale Aug 2022 · $475,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This freestanding commercial building is located on Racetrack Road in Fort Walton Beach, Florida. The structure includes a glass storefront that opens into an open showroom area, supported by several office rooms, a kitchen/break area, and two restrooms. The rear portion functions as a warehouse space with a single roll-up door. The site provides ample parking suitable for larger vehicles such as trucks and trailers, and includes a fenced rear lot that offers outdoor storage space. The building

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$305k
Assessed land$191k
Assessed improvement$114k
Effective rate1.24%

Value estimate

· Sep 2026
$385k
$347k – $424k
AI approach$465k
NOI build-up
Gross scheduled income$102k
Vacancy & credit loss−$6k
Operating expenses−$34k
NOI · 8.31% cap applied$62k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$216/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$99 – $314
Qualifying comparables7

Cap rate analysis

How does the asset earn?
8.31%
$62k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOKALOOSA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.7
Dental Office30.5
Restaurant27.3

Location

431 Racetrack Rd NW Fort Walton Beach, FL 32547
County assessor Recorded deeds · 1 transfer 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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