45 Eglin PkwyFort Walton Beach, FL 32548

Property Details for 45 Eglin Pkwy

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.33 AC

Property type

Office properties

Property subtype

Office buildings

APN

13-2S-24-0000-0010-0020

APU

132S24000000100020

Description

This exceptional three-story, Class A office building, constructed in 2009, offers a variety of spaces ideal for traditional office, executive suites, coworking, or medical practices. Located at the high-traffic intersection of Eglin Parkway and Staff Drive (39,500 CPD), it enjoys unparalleled visibility and accessibility. Its proximity to Hwy 98 (36,000 CPD), a major thoroughfare, and just one mile from the highway ensures convenient access for clients and employees throughout the Florida Panhandle. The building is also strategically situated six miles from Eglin Air Force Base and a mere 0.4 miles from Uptown Station, a prominent shopping center in Fort Walton Beach, providing employees with ample amenities nearby. The modern architecture and high-quality finishes create a sophisticated and comfortable work environment. Highly visible monument signage ensures strong brand recognition. Currently, the building houses established tenants such as Warren Averett, Waldorff Insurance & Bonding, and Coldwell Banker Realty, demonstrating the property's desirability and strong tenant base. The single-tenancy option provides flexibility for businesses seeking a prestigious and well-located office space. This is a rare opportunity to secure a prime location in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,838,415

  6.5%

  $7,235,460

  7%

  $6,718,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,917,160

  Geo Method

  $4,114,405

• Alternative Use

  Use

  Valuation

  Residential

  $8,971,971

  Hospitality

  $8,218,277

  Educational

  $6,837,510

  Medical

  $7,072,662

  Retail

  $10,636,127

Location Insight

City

Fort Walton Beach

County

Okaloosa

State

Florida

Latitude

30.4151

Longitude

-86.6053

CBSA code

18880

CBSA name

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

Property Tax & Assessments

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