95 John Sims Pkwy Niceville, FL 32578
- Commercial real estate
- 6,774 SF
- 0.40 lot acres
Current Use by Public Records
- We Care Heating, Cooling, Plumbing & Electrical / Plumber / Hvac Contractor
Property Details for 95 John Sims Pkwy
- Year built
- 1956
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.40 lot acres
- Property size
- 6,774 SF
- Property type
- Commercial real estate
- APN
- 06-1S-22-0000-0028-0000
- APU
- 061S22000000280000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $395,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $610,000
- 6.5%
- $585,000
- 7%
- $600,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $630,000
- Geo Method
- $560,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $550,000
- Retail
- $625,000
- Mixed-Use
- $635,000
- Hospitality
- $610,000
- Educational
- $615,000
- Residential Income
- $555,000
- Energy
- $575,000
- Income-Based Land
- $490,000
- Food Service
- $585,000
Location Insight
- Map
- Local Demand
- City
- Niceville
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.4922
- Latitude
- 30.5216
- CBSA code
- 18880
- CBSA name
- CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA
