Freestanding 2 Story Office/Retail Building

Office for Sale
Sale Pending
Catylist Listing ID: 30867476
Property Subtypes: Executive Suites, Medical, Office Building
Status: Pending
Building Size (RSF): 4,866 SF
Gross Building Area: See Agent
Sale Price: $925,000
Unit Price: $190.09 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/8/2024

Overview / Comments

Freestanding 2 story office / retail building centrally located in Niceville, FL. This 5-unit commercial building is fully leased to tenants such as MJ's Coffee, Comfort Keepers & American Fence. Each of the 5 units are separately metered for Power & Water. A new standing seam metal roof was added in 2017 and is in great shape. This concrete block building is very well built, and the location gives amazing visibility to all its tenants. The current traffic count from FDOT is 38,000 cars per day. The site is .32 acres and has 16 parking spaces on property. There is a current handshake deal for additional parking on an adjacent property to the north. A proforma rent roll shows a Net Operating Income of $65,000, which provides a 7% CAP Rate.

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 07-1S-22-2680-0001-0110
Number of Stories: 2
Parking Type: Surface
Total Parking Spaces: 16

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,075 25,828 35,768
Median Age: 43.38 42.12 41.63
Households: 2,211 10,256 14,029

Contact

Photograph of Listing Agent

Chad Knaepple CCIM, SIOR

Taylor Allen Properties LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Brett Stuart

Taylor Allen Properties LLC Gulf Coast CMLS Member
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