6 11Th Avenue, Shalimar, FL 32579

$4,600,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 13,504 Status: Sold
Current Price: $5,500,000 List Date: 1/09/2024 Last Modified: 2/10/2026

Description

Shalimar Town Center encompasses a total area of 39,000+ square feet, maintaining a 100% lease occupancy and generating consistent income. With an impressive cap rate projection of 7%, the structure seamlessly integrates six buildings into a cohesive professional office center. Tenant highlights include full occupancy, with the exception of one space currently utilized as a maintenance staff office. The diverse tenant mix ensures stability and reliability in income generation. Strategically situated in Shalimar, FL, the prime real estate location is in close proximity to key destinations, including the Destin-Fort Walton Beach Airport (10 minutes), the vibrant city of Destin (14 miles), Eglin Air Force Base (5 miles), and Hurlburt Field Air Force Base (6 miles).

More Information MLS# 939656

Contract Info

GCCMLS Number: 30864664 Listing Board: Emerald Coast List Date: 2024-01-05 List Price: $5,500,000

Location, Tax and Legal

Sub Area: 1210 - Shalimar Property Name: Shalimar Town Center Legal Description: PORT DIXIE LOTS 26 TO 28 INC BLK 119 PRO-RATA HX DUE TO RENTAL OF OTHER UNITS

General Property Info

Listed on GCCMLS: Yes Description: Low-Rise Office Center Property Information: Income Producing Vacant: No Immediate Occupancy: No Acreage: 0.31

Listing Info, Tax & Legal

As Is: No

Remarks & Misc

Remarks: Shalimar Town Center encompasses a total area of 39,000+ square feet, maintaining a 100% lease occupancy and generating consistent income. With an impressive cap rate projection of 7%, the structure seamlessly integrates six buildings into a cohesive professional office center. Tenant highlights include full occupancy, with the exception of one space currently utilized as a maintenance staff office. The diverse tenant mix ensures stability and reliability in income generation. Strategically situated in Shalimar, FL, the prime real estate location is in close proximity to key destinations, including the Destin-Fort Walton Beach Airport (10 minutes), the vibrant city of Destin (14 miles), Eglin Air Force Base (5 miles), and Hurlburt Field Air Force Base (6 miles).

Class

Income Producing: 1 Office: 1

Construction Status

Existing: 1

Office

Property Type: Low Rise # of Units: 29

Income Producing

Property Type: Office

None

Current Price: $4,600,000

Status Change Info

Status: Sold Under Contract Date: 2024-02-28 Sold Date: 2024-04-04 Sold Price: $4,600,000

Location Tax and Legal

Area: 12 - Fort Walton Beach Street #: 6 Street Name: 11Th Street Suffix: Avenue State: FL Zip Code: 32579 County: Okaloosa Parcel ID: 05-2S-23-2080-0119-0260

Property Features

Class: Income Producing; Office Construction Status: Existing
Listing Office: LPT Realty LLC
Last Updated: February - 10 - 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.