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Listed price in listed location currency (USD).
$1,700,000

000

MLS® 998749

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 11
Lot Size 
Approx. Age 
MLS® Number 998749

Property Address: 124 John King Rd, Crestview, FL, 32539-8306

Average square foot calculated using Size range provided by listing agent.

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 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.
MLS® Number998749
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 24, 2026List Date
$1,700,000List Price
  • Commute

Commute

Starting Address
Destination Address
124 John King Rd, Crestview, FL

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