3045 Ferdon BlvdCrestview, FL 32536

Property Details for 3045 Ferdon Blvd

Year built

2017

Construction

STEEL FRAME

Lot size

0.46 AC

Property size (Sq ft)

3,548 SF

Property type

Retail properties

Property subtype

Retail space

APN

29-3N-23-1480-0079-0000

APU

293N23148000790000

Description

This ±3,548 square foot freestanding retail building is available for lease in Crestview, Florida. Located at 3045 S Ferdon Blvd, at the intersection of S Ferdon Blvd and Brookemead Dr, this single-tenant property sits on a ±0.45-acre lot (APN: 29-3N-23-1480-0079-0000) and is zoned C-2. Built in 2017, the one-story Class B building offers excellent visibility and accessibility. The property benefits from its location near major retailers such as Aldi, Chipotle, Walmart, Publix, and Lowe's, ensuring high foot traffic and brand recognition. S Ferdon Blvd (Hwy 85) experiences a high average annual daily traffic count of 44,000 vehicles. This prime location presents a significant opportunity for businesses seeking high visibility and convenient access in a thriving retail corridor within Okaloosa County. The property features no elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $706,368

  6.5%

  $652,032

  7%

  $605,458

• Comparable approach

  Method

  Valuation

  Relative Method

  $605,142

  Geo Method

  $635,613

• Alternative Use

  Use

  Valuation

  Residential

  $550,013

  Hospitality

  $503,809

  Educational

  $419,163

  Medical

  $433,579

  Retail

  $652,032

Location Insight

City

Crestview

County

Okaloosa

State

Florida

Latitude

30.7306

Longitude

-86.5667

CBSA code

18880

CBSA name

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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