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$1,660,000
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Property 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.
Full Property Details
Full Property Details for 124 John King Rd
General
- Sold For: $1,660,000
- Status: Closed
- Type: Commercial
- Source: Emerald_Coast
- MLS ID: 998749
- Added to Site: 70 day(s) ago
Location
- Area: 25 - Crestview Area
- County: Okaloosa
- Driving Directions: Hwy 85 to John King Rd. The building will be on the right
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,560
- Lot Dimensions: 125 x 225 x 182 x 225
- Zoning: Commercial
Disclosures and Reports
- 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
- APN: 32-3N-23-0000-0025-0020
- Property ID: 32-3N-23-0000-0025-0020
Listed and Sold by La Bella Vita Property Group LLC
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Schools
Schools serving 124 John King Rd
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Riverside Elementary School, Crestview, FL 3400 East Redstone Avenue, Crestview, FL 32539 | PK-5 | 2.1 mi |
Shoal River Middle School 3200 East Redstone Avenue, Crestview, FL 32539 | 6-8 | 1.9 mi |
Crestview High School 1250 North Ferdon Boulevard, Crestview, FL 32536 | 9-12 | 4.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 124 John King Rd
Date
Details
Price
Change
Source
5/29/2026
Sold
$1,660,000
-2.35%
MLS
3/24/2026
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
124 John King Road, Crestview, FL 32539 (MLS# 998749) is a Commercial property that was sold at $1,660,000 on May 29, 2026. Want to learn more about 124 John King Road? Do you have questions about finding other Commercial real estate for sale in Crestview? You can browse all Crestview real estate or contact a Coldwell Banker agent to request more information.

