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    OFF-MARKET
    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
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    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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