124 John King Road, Crestview, FL 32539

$1,700,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 43,560 Status: Pending
Current Price: $1,700,000 List Date: 3/24/2026 Last Modified: 4/10/2026

Description

Income-Producing Office Asset | Strong Cash Flow | Dual-Tenant Opportunity This newer 5,500 SF multi-tenant office building presents a compelling investment opportunity with stable in-place income and upside potential. The property is divided into two suites: Suite A (3,000 SF): Leased at $6,250/month Suite B (2,500 SF): Leased at $4,375/month Total Gross Monthly Income: $10,625 Total Gross Annual Income: $127,500 Additional income potential is provided by four 10x10 storage units, offering an opportunity to further increase NOI. The interior buildout supports a wide range of tenants and includes: 6 private offices (8x12) 9 private offices (6x8) Glass conference room Efficient layout suited for medical, professional services, or executive office use Currently occupied by a health s

Supplements: Currently occupied by a health services tenant, the configuration allows for continued medical use or easy conversion to general office, maximizing tenant demand and retention. Investment Highlights: Immediate cash flow with existing leases in place Multi-tenant diversification reduces vacancy risk Flexible office layout supports a broad tenant base Additional income stream from storage units Newer construction minimizes near-term capital expenditures Pro Forma Opportunity: With modest rent increases and full utilization of storage units, investors have the ability to increase NOI and drive cap rate expansion over time. Ideal for investors seeking a stabilized asset with upside in a growing professional services market.

More Information MLS# 998749

Contract Info

GCCMLS Number: 44570664 Listing Board: Emerald Coast List Date: 2026-03-24 List Price: $1,700,000

Location, Tax and Legal

Sub Area: 2501 Crestview Southeast Legal Description: COM SW COR OF NW1/4 OF NE1/4 N420 FT E845.99 FT N503.56 FT TO POB N190 FT S R/W JOHN KING RD N60 DEG E125.64 FT S18 DEG E225.95 FT S39.92 FT W182 FT TO POB

General Property Info

Listed on GCCMLS: Yes Description: Offices Property Information: https://www.moodyscre.com/marketplace/listing/69c29d304990fa46cd1576de Vacant: No Lot SqFt: 6051 Immediate Occupancy: No Lot Depth: 225 Zoning: Commercial Lot Frontage: 125 Acreage: 1

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Income-Producing Office Asset | Strong Cash Flow | Dual-Tenant Opportunity This newer 5,500 SF multi-tenant office building presents a compelling investment opportunity with stable in-place income and upside potential. The property is divided into two suites: Suite A (3,000 SF): Leased at $6,250/month Suite B (2,500 SF): Leased at $4,375/month Total Gross Monthly Income: $10,625 Total Gross Annual Income: $127,500 Additional income potential is provided by four 10x10 storage units, offering an opportunity to further increase NOI. The interior buildout supports a wide range of tenants and includes: 6 private offices (8x12) 9 private offices (6x8) Glass conference room Efficient layout suited for medical, professional services, or executive office use Currently occupied by a health s

Class

Income Producing: 1 Office: 1

Construction Status

Existing: 1

Office

Year Built: 2022 Building SqFt: 6051 # of Units: 2

Income Producing

Property Type: Office

None

Current Price: $1,700,000

Status Change Info

Status: Pending Under Contract Date: 2026-04-10

Location Tax and Legal

Area: 25 - Crestview Area Street #: 124 Street Name: John King Street Suffix: Road State: FL Zip Code: 32539 County: Okaloosa Parcel ID: 32-3N-23-0000-0025-0020

Property Features

Class: Income Producing; Office Construction Status: Existing
Listing Office: La Bella Vita Property Group LLC
Last Updated: April - 10 - 2026
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