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    698 N Ferdon Blvd Crestview, FL 32536

    Grocery and convenience stores Google Maps
    4,563 SF 0.7 ac lot Built 1968
    Entity Owned Free & Clear
    698 N Ferdon Blvd, Crestview, FL 32536 For Sale 1 / 21
    Contact for pricing 4,563 SF
    698 N Ferdon Blvd, Crestview, FL 32536
    View Listing →
    Estimated value (blended)
    $1.41M
    Range $1.27M – $1.55M (±10%)
    Property ID US18-3150615

    Property summary

    AI-generated overview

    This thriving Exxon Mobile gas station in Crestview, Florida, presents a unique investment opportunity. Priced at $1,400,000, this Class B, single-tenant property boasts 2,342 square feet on a 0.61-acre lot. Built in 1998 and renovated in 2008, the property features a 100% occupancy rate with a 4.00% cap rate. The NNN lease structure ensures a low-maintenance investment. Key features include two gas pumps, a beer cave, two walk-in coolers, and a full-service commercial kitchen operating a Krispy Krunchy Chicken franchise. The property also benefits from a large front and rear parking lot, a recently replaced roof, and tile restrooms. Its prime location near I-10, major restaurants, Eglin Air Force Base, and the popular tourist destinations of Pensacola and Destin, Florida, ensures high traffic volume. A new Exxon sign is expected in October 2024. The property is zoned COM and is being sold as an owner-user sale. A non-disclosure agreement and proof of funds will be required. Serious inquiries only.

    Property profile

    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1968
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 4,563 SF
    Lot 0.7 ac (30,660 SF)
    APN 08-3N-23-0000-0050-0000
    UPID US18-3150615

    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
    • Restaurant
    • Money Transfer Service Atm
    • Grocery & Convenience Store
    • Gas Station
    4 occupants on record

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    $1.45M
    CAP Approach CAP
    $1.90M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.41M

    Owner & transaction history

    since 2025
    Last sale
    $1.1M
    3 recorded transactions
    2025
    $1.1M
    2023
    $1.0M
    2005
    $900,000

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $8,655,000
      15,718 SF
      5353 Ferdon Blvd, Unit 101
      CONVENIENCE STORE
      5353 Ferdon Blvd, Crestview, FL 32536-5239
      View Details
    • Value Estimation
      $235,000
      3,940 SF
      775 Main St
      CONVENIENCE STORE
      775 Main St, Crestview, FL 32536-4264
      View Details
    • Value Estimation
      $480,000
      9,125 SF
      813 Ferdon Blvd
      CONVENIENCE STORE
      813 Ferdon Blvd, Crestview, FL 32536-2115
      View Details
    • Value Estimation
      $730,000
      13,144 SF
      5100 Ferdon Blvd
      CONVENIENCE STORE
      5100 Ferdon Blvd, Crestview, FL 32536-9258
      View Details
    • Value Estimation
      $330,000
      7,128 SF
      1992 James Lee Blvd
      CONVENIENCE STORE
      1992 James Lee Blvd, Crestview, FL 32536-8439
      View Details
    • Value Estimation
      $510,000
      12,270 SF
      4051 Ferdon Blvd
      CONVENIENCE STORE
      4051 Ferdon Blvd, Crestview, FL 32536-5220
      View Details

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    Similar Nearby for Lease

    • New
      $1,559/Mo
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    • New
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    • New
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      New construction on Hwy 90 offers flexible retail or office space with negotiable build-out support.
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    • New
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      1,600 sqft
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      Retail space for lease with high traffic and visibility.
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      View Details
    • New
      $5,250/Mo
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      Crestview Flex Space For Rent
      4,500 SF commercial flex space with high visibility.
      493 N Ferdon Blvd, Crestview, FL 32536
      View Details
    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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