Property profile

501 Hollywood Blvd Mary Esther, FL 32569

OFF-MARKET
Retail space
Property ID
US18-5892720
8,102 SF 0.39 ac lot Built 1996
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8,100 square foot free-standing retail building is ideally located at 501 Hollywood Blvd E in Mary Esther, Florida (Okaloosa County, zip code 32569). The property offers a single-tenant occupancy with ample space for a variety of retail uses. The building features a large open floor plan, perfect for showcasing merchandise or creating a flexible workspace. In addition to the main retail area, there are several smaller rooms suitable for offices, break rooms, and employee facilities. A convenient on-site bathroom is also included. Significant storage needs are easily met with a large attached storage area, complete with a sizable roll-up door for efficient loading and unloading. Customer convenience is ensured with a dedicated small parking lot. The property's strategic location near the Mary Esther Cutoff ensures high visibility and accessibility, attracting significant foot and vehicle traffic. This presents a unique opportunity for businesses seeking a prominent location with substantial space and convenient amenities. The property is completely vacant, offering immediate occupancy for the new tenant. This is a rare opportunity to secure a well-situated, versatile commercial space in a thriving area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,102 SF
Lot 0.39 ac (16,899 SF)
APN 16-2S-24-0000-0008-0010
UPID US18-5892720

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store

Location

501 Hollywood Blvd Mary Esther, FL 32569-2078
Mary Esther metro Census 22900 CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$371k
Blend (final) Blend
$510k

Owner & transaction history

since 2021
Last sale
$500,000
3 recorded transactions
2021
$500,000
2015
$36,000
2015
$350,000

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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