800 Falcon PlFort Walton Beach, FL 32547

Property Details for 800 Falcon Pl

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.46 AC

Property size (Sq ft)

5,336 SF

Property type

Day care centers & nurseries

APN

02-2S-24-1007-000F-001A

APU

022S241007000F001A

Description

This exceptional 4,701 square foot daycare center in Fort Walton Beach presents a unique sublease opportunity, extending until February 28, 2030. The property, built in 1977 and renovated in 1995, sits on a 0.46-acre lot and offers ample parking, ensuring convenient access for both children and staff. Currently vacant, this single-tenant building is ideally situated near major retail destinations including Publix, Walmart, and Lowe's, providing excellent visibility and convenience for parents. The modified gross lease is priced at $12.27 per square foot. Its location offers easy access to Eglin Parkway Bridge, providing convenient access to Shalimar. The property's prime location near residential communities and major retailers makes it an attractive investment for a childcare operator seeking a well-established and easily accessible facility. The building's layout is designed to accommodate a daycare operation, and the ample parking ensures a smooth drop-off and pick-up process. This is a turnkey opportunity for an established childcare provider looking to expand or relocate to a high-traffic area with strong community ties. The existing lease provides a long-term commitment, minimizing risk and maximizing return on investment. Utilities are the responsibility of the sub-lessee.

• CAP approach

  CAP return

  Valuation

  6%

  $706,419

  6.5%

  $652,079

  7%

  $605,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $415,324

  Geo Method

  $436,237

• Alternative Use

  Use

  Valuation

  Residential

  $827,190

  Hospitality

  $757,701

  Educational

  $630,399

  Medical

  $652,079

  Retail

  $980,620

Location Insight

City

Fort Walton Beach

County

Okaloosa

State

Florida

Latitude

30.4473

Longitude

-86.6126

CBSA code

18880

CBSA name

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

Property Tax & Assessments

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