Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    606 Beal NW Pkwy Fort Walton Beach, FL 32548-3502

    • Auto shops
    • 7,510 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1173643
    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

    • Fort Walton Beach Auto Brokers, Inc / Car Dealership
    • SolarSave Direct Walton Co / Solar Energy Company
    • All Pro Dent & Collision Repair / Auto Repair Shop

    Property Details for 606 Beal NW Pkwy

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.48 lot acres
    Property size
    7,510 SF
    Property type
    Auto shops
    APN
    10-2S-24-1010-0001-0030
    APU
    102S24101000010030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6394
    Latitude
    30.4289
    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
    $5,927
    $309,251
    $169,529
    $478,780
    -
    $309,251
    $169,529
    $478,780

    Comparable in this City

    • Value Estimation
      $2,060,000
      19,168 SF

      129 Hollywood NE Blvd

      AUTO REPAIR, GARAGE • 19,168 SF
      129 Hollywood NE Blvd, Fort Walton Beach, FL 32548-4949
      View Details
    • Value Estimation by Request
      3,860 SF

      30 Hollywood SW Blvd

      AUTO REPAIR, GARAGE • 3,860 SF
      30 Hollywood SW Blvd, Fort Walton Beach, FL 32548-4850
      View Details
    • Value Estimation by Request
      2,000 SF

      61 Beal SE Pkwy

      AUTO REPAIR, GARAGE • 2,000 SF
      61 Beal SE Pkwy, Fort Walton Beach, FL 32548-5327
      View Details
    • Value Estimation by Request
      9,873 SF

      39 Beal NE Pkwy

      AUTO REPAIR, GARAGE • 9,873 SF
      39 Beal NE Pkwy, Fort Walton Beach, FL 32548-4818
      View Details
    • Value Estimation by Request
      2,120 SF

      84 Beal NW Pkwy

      AUTO REPAIR, GARAGE • 2,120 SF
      84 Beal NW Pkwy, Fort Walton Beach, FL 32548-4829
      View Details
    • Value Estimation by Request
      3,079 SF

      10 Chicago SE Ave

      AUTO REPAIR, GARAGE • 3,079 SF
      10 Chicago SE Ave, Fort Walton Beach, FL 32548-5604
      View Details

    Similar Nearby for Sale

    • $4,950,000
      16,133 SF

      Prime Dealership Site on Beal Parkway

      High-visibility 4.40-acre parcel with existing 16,133 SF building.
      350 Beal Pkwy NW, Fort Walton Beach, FL 32548
      View Details
    • $3,129,000
      43,000 SF

      New Murphy USA Ground Lease

      New 2023 Murphy USA ground lease in Fort Walton Beach.
      604 Beal Pkwy NW, Fort Walton Beach, FL 32548
      View Details
    • $569,000
      4,855 SF

      Fort Walton Beach Shopping Center

      Prime Retail Location, High Visibility
      49 Beal Pkwy, Fort Walton Beach, FL 32548
      View Details
    • $520,000
      2,828 SF

      Prime FWB Retail Space - 2828 SF

      High-traffic location, versatile space, great investment.
      12 Eglin Pkwy SE, , FL, Fort Walton Beach, FL 32548
      View Details
    • $2,869,111
      6,562 SF

      Prime Fort Walton Beach Investment Opportunity

      Safelite-Leased Retail Building, High Traffic Area
      123 Hollywood Blvd NE, Fort Walton Beach, FL 32548
      View Details
    • $1,250,000
      4,800 SF

      Historic Downtown Fort Walton Beach Retail Building

      Prime 4,800 SF retail space, high visibility, ample parking.
      209 Miracle Strip Pkwy SW, Fort Walton Beach, FL 32548
      View Details

    Similar Nearby for Lease

    • $95,000
      3,048 SF

      Fort Walton Beach Restaurant Space

      Prime 3,048 SF restaurant space, high visibility, ample parking.
      88 Eglin Pkwy NE, Fort Walton Beach, FL 32548
      View Details
    • $12 SF/Yr
      300,000 SF

      Uptown Station Retail Space

      Fort Walton Beach prime retail center
      99 Eglin Pkwy, Fort Walton Beach, FL 32548
      View Details
    • Contact for pricing
      15,640 SF

      Prime Okaloosa Island Retail Space

      15,640 SF Restaurant/Bar, Bayfront Location
      1318 Miracle Strip Pkwy, Fort Walton Beach, FL 32548
      View Details
    • $18,250 /Mo
      15,640 SF

      Retail Space on Miracle Strip

      Retail space available for lease on Miracle Strip Parkway.
      1318 SE Miracle Strip Pkwy, Fort Walton Beach, FL 32548
      View Details
    • $18 SF/Yr
      1,300 SF

      Fort Walton Beach Office Suite

      1300 SF Office, High-End Location, NNN Lease
      403 Hollywood Blvd NW, Fort Walton Beach, FL 32548
      View Details
    • $17 SF/Yr
      8,210 SF

      Uptown Station Retail & Office Space

      8,210 SF prime space in thriving Fort Walton Beach.
      99 Eglin Pkwy, Fort Walton Beach, FL 32548
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    606 Beal NW Pkwy
    Fort Walton Beach, FL 32548-3502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.