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    Property profile & analytics

    49 Beal Pkwy Fort Walton Beach, FL 32548

    • Individual retail properties
    • 4,855 SF
    • 0.24 lot acres
    For Sale
    View listing
    $569,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-4338331
    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

    • Essential HVAC Contractor LLC / Dry Cleaner / Laundromat

    Property Details for 49 Beal Pkwy

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Property size
    4,855 SF
    Property type
    Individual retail properties
    APN
    13-2S-24-1771-0007-0010
    APU
    132S24177100070010

    Description

    This exceptional 4,855 square foot shopping center, situated on a 0.23-acre lot in Fort Walton Beach, Florida, presents a rare investment opportunity. Built in 1957 and renovated in 1960, this single-story building boasts 4,152 square feet of net rentable space and an identical amount of air rights, all under a commercial zoning permit (APN: 13-2S-24-1771-0007-0010). Currently housing a successful laundromat, dry cleaning, and alteration service operating for 23 years, the property benefits from its high-traffic location. Its proximity to major roadways (1.3 miles from Highway 98), popular tourist destinations (2 miles from Okaloosa Island), and significant military bases (5 miles from Eglin Air Force Base and 7 miles from Hurlburt Field) ensures consistent customer traffic and strong rental potential. The property's established business offers a turnkey operation, ideal for an investor seeking a stable, income-generating asset in a high-demand area. This is a unique chance to acquire a well-positioned retail property with a proven history of success. The asking price is $569,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $425,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $390,000
      Mixed-Use
      $415,000
      Hospitality
      $420,000
      Educational
      $345,000
      Residential Income
      $410,000
      Energy
      $445,000
      Income-Based Land
      $390,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6134
    Latitude
    30.4172
    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
    $2,677
    $163,406
    $48,726
    $212,132
    -
    $163,406
    $48,726
    $212,132

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    49 Beal Pkwy
    Fort Walton Beach, FL 32548
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    Realmo Value Estimation

    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.

    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.

    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
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