550 Mary Esther Cut Off NW Fort Walton Beach, FL 32548
Property profile & analytics
550 Mary Esther Cut Off NW, Fort Walton Beach, FL 32548
- Strip malls
- 25,185 SF
- 1.19 lot acres
Property ID
US18-4894453
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.
Location Intelligence
Current Use by Public Records
- Weight Watchers / Weight Loss Service
- Istanbulfoodlovers / Restaurant
- Perfect Nails / Nail Salon
- Kiku Hana Japanese Restaurant / Restaurant
- The Crack of Dawn Cafe / Restaurant
Property Details for 550 Mary Esther Cut Off NW
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.19 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 09-2S-24-1860-0016-005B
- APU
- 092S2418600016005B
Description
This exceptional retail space, located within the bustling Longhorn Plaza at 550 Mary Esther Cut Off NW, Fort Walton Beach, FL 32548, offers 1,200 to 2,160 square feet of versatile commercial space in a high-traffic area. Situated on Mary Esther Cut Off, a major retail corridor boasting 26,000 cars per day, this property benefits from excellent visibility and accessibility. The strategic location is less than two miles from Hurlbert Field, a significant employer of 25,000 military and civilian personnel. Furthermore, the proximity to Eglin Air Force Base, Florida's largest military base serving over 71,000 personnel, and the Commerce and Technology Park (CTP), a 320-acre office/industrial park employing 2,500, ensures a robust and diverse customer base. The single-story building totals 25,158 square feet and is part of a thriving retail center anchored by established businesses such as Longhorn Steakhouse, UPS, Sally Beauty, and Jin Jin. This presents a unique opportunity for businesses seeking high visibility and a strong customer base in a prime Fort Walton Beach location. The minimum divisible space is 1,200 square feet. This property is ideal for a variety of retail uses.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,095,000
- ML approach
- $5,370,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,665,000
Market price range: $2.66M - $5.91M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $3,940,000 Current use
- AUTO REPAIR, GARAGE
- $5,780,000 Change: +47% Conversion: Difficult
- RESTAURANT
- $5,750,000 Change: +46% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,610,000 Change: +17% Conversion: Easy
- RETAIL STORES
- $4,255,000 Change: +8% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Walton Beach
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.6512
- Latitude
- 30.4208
- 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
$31,866
$198,121
$2,087,343
$2,285,464
-
$198,121
$2,087,343
$2,285,464
