204 Kelly Road, Niceville, FL 32578

$650,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 61,855 Status: Sold
Current Price: $675,000 List Date: 10/06/2024 Last Modified: 9/08/2025

Description

Value Add investment property in Central Okaloosa County, FL. Boasting a well-maintained 19,650 SF self storage complex boasting 196 units, this facility offers ample space for a thriving Self Storage business. Phase 1 built in 1998 and phase 2 built in 2005, the property is designed to meet the diverse needs of tenants. Zoned C-2 by the City of Niceville, this strategically located asset presents an ideal setting for an owner / investor seeking a robust and lucrative opportunity with tremendous upside. With its strategic location, this property is poised to deliver significant returns. Current rent roll is only at 75% occupied at what I believe are under market rent. This property is all non-climate controlled space.

More Information MLS# 949532

Contract Info

GCCMLS Number: 30872425 Listing Board: Emerald Coast List Date: 2024-05-08 List Price: $675,000

Location, Tax and Legal

Sub Area: 1302 - Valp No of Tom's Bayou Property Name: Kelly Road Mini Storage Legal Description: COM SW COR SE1/4 OF SW1/4 E626 FT N 525.34 FT TO POB N 82.16 FT E 155.51 FT S 53 DEG E 247. 09 FT S 40 DEG W 39.95 FT S 35 DEG W 188.47 FT N 50 DEG W 17. 09 FT N 56 DEG W 75.06 FT N55 DEG W ALG RD 75FT N42 DEG E 64FT N49 DEG W 159.25FT TO POB

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: Yes Acreage: 1.42

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Value Add investment property in Central Okaloosa County, FL. Boasting a well-maintained 19,650 SF self storage complex boasting 196 units, this facility offers ample space for a thriving Self Storage business. Phase 1 built in 1998 and phase 2 built in 2005, the property is designed to meet the diverse needs of tenants. Zoned C-2 by the City of Niceville, this strategically located asset presents an ideal setting for an owner / investor seeking a robust and lucrative opportunity with tremendous upside. With its strategic location, this property is poised to deliver significant returns. Current rent roll is only at 75% occupied at what I believe are under market rent. This property is all non-climate controlled space.

Class

Income Producing: 1 Industrial: 1

Construction Status

Existing: 1

Industrial

Property Type: Other (See Notes)

Income Producing

Building SqFt: 19650 Price P/SqFt: 40 Annual Gross Income: 92047 Expenses: 43495 Net Operating Income: 48552 Cap Rate: 6 Property Type: Industrial

None

Current Price: $650,000

Status Change Info

Status: Sold Under Contract Date: 2025-04-25 Sold Date: 2025-09-05 Sold Price: $650,000

Location Tax and Legal

Area: 13 - Niceville Street #: 204 Street Name: Kelly Street Suffix: Road State: FL Zip Code: 32578 County: Okaloosa Parcel ID: 01-1S-23-0000-0048-0030

Property Features

Class: Income Producing; Industrial Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: September - 08 - 2025
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