410 Government AveValparaiso, FL 32580

Property Details for 410 Government Ave

Year built

1987

Construction

STEEL FRAME

Lot size

2.41 AC

Property size (Sq ft)

10,553 SF

Property type

Retail properties

Property subtype

Strip malls

APN

12-1S-23-253E-0023-0010

APU

121S23253E00230010

Description

This exceptional 2,000 square foot commercial space is ideally situated in the Pointe Plaza strip center in Valparaiso, Florida, at 410 Government Avenue, Units A & B. Currently occupied by Jan Pro services, this end-cap location offers excellent visibility and accessibility. The property boasts a desirable mix of retail and office tenants, including Enterprise Rent-a-Car, CPR & Co, Employment Services, T-Shirt Plus, and PSI Defense contractors, creating a strong synergistic environment. The interior features a welcoming reception area, a private office, a spacious conference room, ample storage, and two restrooms. Abundant parking is available for both employees and customers. The building benefits from prominent signage, ensuring high visibility for all tenants. The space is offered at a monthly rate of $3,132.92, which includes a base rent of $15 per square foot, plus $3.25 per square foot in NNN fees, and applicable sales tax. This presents a fantastic opportunity for businesses seeking a well-located, functional, and attractive commercial space in a thriving retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,100,986

  6.5%

  $1,939,371

  7%

  $1,800,845

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,799,904

  Geo Method

  $1,890,536

• Alternative Use

  Use

  Valuation

  Residential

  $1,635,932

  Hospitality

  $1,498,505

  Educational

  $1,246,739

  Medical

  $1,289,616

  Retail

  $1,939,371

Location Insight

City

Valparaiso

County

Okaloosa

State

Florida

Latitude

30.5168

Longitude

-86.5069

CBSA code

18880

CBSA name

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

Property Tax & Assessments

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