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Property profile & analytics
FOR SALE
Commercial real estate

95 E John Sims Pkwy Niceville, FL 32578

6,774 SF 0.4 ac lot Built 1956
Entity Owned 7-yr Hold Free & Clear
Property ID
US18-5539913
Property summary
AI-generated overview

This exceptional commercial property in Niceville, Florida, presents a unique investment opportunity. Currently occupied by a successful HVAC business, this versatile space offers a blend of industrial warehouse and well-appointed office areas, making it suitable for a wide range of commercial enterprises. The expansive warehouse boasts high ceilings and generous open floor space, perfectly suited for storage, light manufacturing, distribution, or similar operations requiring significant volume. The accompanying office space provides a comfortable and functional environment for administrative staff and management, ensuring a seamless workflow between operations and administration. Ample parking is available, accommodating employees, clients, and delivery vehicles with ease. The property's strategic location in Niceville offers convenient access to all of Okaloosa County and beyond, providing excellent accessibility for both employees and clients. This prime location ensures optimal visibility and reach within the thriving Okaloosa County market. The property is offered at $2,201,550 and presents a compelling opportunity for businesses seeking a well-established and versatile commercial space in a highly desirable location. The existing infrastructure and ample parking significantly reduce the need for immediate capital investment, allowing for a smooth transition and immediate operational commencement. This property is ready for its next chapter, offering a blend of functionality and prime location for lasting success.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1956
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,774 SF
Lot 0.4 ac (17,600 SF)
APN 06-1S-22-0000-0028-0000
UPID US18-5539913
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
Current use
Occupant on record · Public records
  • We Care Heating, Cooling, Plumbing & Electrical HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.27M
Comparable Approach Comparable
$686k
Blend (final) Blend
$965k
Owner & transaction history
Bruddas Investments LLC · 7 yrs held
Bruddas Investments LLC
since 2019
7 recorded transactions
2019
$550,000
2017
Price N/A
2017
Price N/A
2004
$300,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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