109 Racetrack RdFort Walton Beach, FL 32547

  • Retail properties
  • 60,964 SF
For Lease
$15/SF/YR View listing

Property Details for 109 Racetrack Rd

Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
4.05 AC
Property size (Sq ft)
60,964 SF
Property type
Retail properties
Property subtype
Strip malls
APN
01-2S-24-0000-0032-0000
APU
012S24000000320000

Description

This exceptional leasing opportunity is located at 109 Racetrack Rd NE, Fort Walton Beach, FL 32547, within the Beltway Plaza Shopping Center. The property offers 1,540 square feet of versatile retail/restaurant space, ideal for a variety of businesses. Situated on a 4.05-acre lot, this Class C property enjoys prime visibility and signage along Racetrack Rd NE, benefiting from exposure to over 28,500 vehicles daily. The shopping center comprises two single-story buildings totaling 62,504 square feet and fourteen suites. Built in 1970, this established center provides a strong foundation for new tenants. The zoning is designated as SH CTR COMM. The property's location in Fort Walton Beach, Florida (zip code 32547) offers excellent access and visibility. This is a rare opportunity to secure a space in a high-traffic location within a well-established shopping center. The property's APN is 01-2S-24-0000-0032-0000. The cross street is Racetrack Rd NE. This space is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $12,137,257
    6.5%
    $11,203,622
    7%
    $10,403,363
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,397,929
    Geo Method
    $10,921,506
  • Alternative Use

    Use
    Valuation
    Residential
    $9,450,674
    Hospitality
    $8,656,767
    Educational
    $7,202,328
    Medical
    $7,450,028
    Retail
    $11,203,622
109 Racetrack Rd, Fort Walton Beach, Florida

Location Insight

City
Fort Walton Beach
County
Okaloosa
State
Florida
Latitude
30.4469
Longitude
-86.6102
CBSA code
18880
CBSA name
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,855
$920,914
$1,086,732
$2,007,646
-
$920,914
$1,086,732
$2,007,646

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