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Property profile & analytics
OFF-MARKET Estimated value $275,000
Day care centers

800 Falcon Pl Fort Walton Beach, FL 32547-2413

5,336 SF 0.46 ac lot Built 1977
Entity Owned 11-yr Hold Free & Clear
Property ID
US18-5492424
Property summary
AI-generated overview

This exceptional 4,701 square foot daycare center in Fort Walton Beach presents a unique sublease opportunity, extending until February 28, 2030. The property, built in 1977 and renovated in 1995, sits on a 0.46-acre lot and offers ample parking, ensuring convenient access for both children and staff. Currently vacant, this single-tenant building is ideally situated near major retail destinations including Publix, Walmart, and Lowe's, providing excellent visibility and convenience for parents. The modified gross lease is priced at $12.27 per square foot. Its location offers easy access to Eglin Parkway Bridge, providing convenient access to Shalimar. The property's prime location near residential communities and major retailers makes it an attractive investment for a childcare operator seeking a well-established and easily accessible facility. The building's layout is designed to accommodate a daycare operation, and the ample parking ensures a smooth drop-off and pick-up process. This is a turnkey opportunity for an established childcare provider looking to expand or relocate to a high-traffic area with strong community ties. The existing lease provides a long-term commitment, minimizing risk and maximizing return on investment. Utilities are the responsibility of the sub-lessee.

Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,336 SF
Lot 0.46 ac (19,865 SF)
APN 02-2S-24-1007-000F-001A
UPID US18-5492424
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
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k
Owner & transaction history
Spirit Master Funding Ix LLC · 11 yrs held
Spirit Master Funding Ix LLC
since 2015
2 recorded transactions
2015
$697,000
2004
$328,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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