210 NW Dates Avenue, Fort Walton Beach, FL 32548

New Listing
$1,500,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 54,886 Status: Active
Current Price: $1,500,000 List Date: 6/06/2026 Last Modified: 6/06/2026

Description

Exceptional opportunity to acquire Tilden's End, a 13-unit apartment community in the heart of Fort Walton Beach. Built in 1983 with durable CBS block construction, the property offers an all 2BD/1BA unit mix (800 SF each) and has been extensively improved with new roofs, multiple new HVAC systems, interior renovations, comprehensive plumbing repairs, and new fencing -- positioning the asset for stable, low-maintenance ownership. The property is located within a designated Opportunity Zone, a federal program that lets investors defer and potentially reduce capital gains taxes by reinvesting through a Qualified Opportunity Fund, with the potential to eliminate tax on appreciation when the investment is held long enough. For the right buyer, this can meaningfully enhance after-tax returns (buyer to confirm eligibility and current rules with a tax advisor). Steady occupancy reflects strong demand, with in-place rents below market and upside through turnover, RUBS, pet fees, and other income. Additional development optionality exists to add a triplex on the north side of the site -- NOI growth without buying more land. Ideally located just off Mary Esther Cut Off (±34,500 vehicles/day) and within 15 minutes of Eglin Air Force Base and its 20,000+ personnel, the asset draws from a deep, defense-anchored renter base further bolstered by Williams International's ±$1B Okaloosa County investment. Buyer to verify all information.

More Information MLS# 1004897

Contract Info

GCCMLS Number: 45027006 Listing Board: Emerald Coast List Date: 2026-06-05 List Price: $1,500,000

Location, Tax and Legal

Sub Area: 1205 - Overbrook/Pinedale Legal Description: COM NE COR LOT 14 BLK 6 SYLVANIA HEIGHTS SUBD N 60FT TO POB E 40FT N 225FT W 240FT S 225FT E 200FT TO POB

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No Lot Depth: 225 Lot Frontage: 240 Acreage: 1.26

Listing Info, Tax & Legal

As Is: No

Remarks & Misc

Remarks: Exceptional opportunity to acquire Tilden's End, a 13-unit apartment community in the heart of Fort Walton Beach. Built in 1983 with durable CBS block construction, the property offers an all 2BD/1BA unit mix (800 SF each) and has been extensively improved with new roofs, multiple new HVAC systems, interior renovations, comprehensive plumbing repairs, and new fencing -- positioning the asset for stable, low-maintenance ownership. The property is located within a designated Opportunity Zone, a federal program that lets investors defer and potentially reduce capital gains taxes by reinvesting through a Qualified Opportunity Fund, with the potential to eliminate tax on appreciation when the investment is held long enough. For the right buyer, this can meaningfully enhance after-tax returns (buyer to confirm eligibility and current rules with a tax advisor). Steady occupancy reflects strong demand, with in-place rents below market and upside through turnover, RUBS, pet fees, and other income. Additional development optionality exists to add a triplex on the north side of the site -- NOI growth without buying more land. Ideally located just off Mary Esther Cut Off (±34,500 vehicles/day) and within 15 minutes of Eglin Air Force Base and its 20,000+ personnel, the asset draws from a deep, defense-anchored renter base further bolstered by Williams International's ±$1B Okaloosa County investment. Buyer to verify all information.

Class

Multi-Family: 1

Construction Status

Existing: 1

Multi-Family

Year Built: 1983 Building SqFt: 10400 # of Units: 13 Price P/SqFt: 144 Price P/Unit: 115385 Actual Gross Income: 214500 Expenses: 90659 Net Operating Income: 107292 Cap Rate: 7

None

Current Price: $1,500,000

Status Change Info

Status: Active

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 210 Street Direction: NW Street Name: Dates Street Suffix: Avenue State: FL Zip Code: 32548 County: Okaloosa Parcel ID: 09-2S-24-0000-0040-0000

Property Features

Class: Multi-Family Construction Status: Existing
Listing Office: Real Broker LLC
Last Updated: June - 06 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.