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Property profile & analytics
FOR LEASE
Manufacturing properties

749 N Beal Pkwy Fort Walton Beach, FL 32547

42,635 SF 7.05 ac lot Built 1959
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-2861365
749 N Beal Pkwy, Fort Walton Beach, FL 32547 For Lease
$6,000/Mo 100,000 SF available
749 N Beal Pkwy, Fort Walton Beach, FL 32547
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Property summary
AI-generated overview

This exceptional 100,000 square foot multi-use property, located at 749 N Beal Parkway in Florida County, presents a unique investment opportunity. The complex comprises nine separate buildings situated on a generous 8.67-acre lot, offering significant flexibility for a variety of commercial ventures. The property's diverse zoning allows for retail, office, and industrial uses, making it ideal for a single large tenant or multiple smaller businesses. Currently, the entire 100,000 square feet is available for lease, providing a blank canvas for a customized development plan. The existing buildings offer a blend of executive office spaces, flexible layouts adaptable to various needs, and ample warehouse space, catering to a broad spectrum of commercial requirements. This prime location provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving area. The substantial lot size also allows for future expansion or redevelopment, presenting significant long-term growth potential. This is a rare opportunity to acquire a large, versatile commercial property with immediate occupancy and substantial upside. The property is offered as a multiple tenancy opportunity, allowing for diverse income streams. Serious inquiries are encouraged.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 42,635 SF
Lot 7.05 ac (307,098 SF)
APN 03-2S-24-0000-0203-0000
UPID US18-2861365
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.40M
Comparable Approach Comparable
$6.41M
Blend (final) Blend
$4.93M
Owner & transaction history
Sharon L Smith · 1 yrs held
Sharon L Smith
since 2024
4 recorded transactions
2024
Price N/A
2015
$3.0M
2003
$47,000
2002
$877,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $6.7M +51.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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