431 Racetrack NW Rd Fort Walton Beach, FL 32547-1555
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.
-
Independent Flooring Carpet & Flooring Store
-
Independent Flooring and Blinds Carpet & Flooring Store Hardware & Home Improvement
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.