124 John King Road, Crestview, FL, 32539

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$1,700,000
1 Day On Site

124 John King Road
Crestview, FL 32539

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
County:
Okaloosa
Listing courtesy of Howard G Leavins of La Bella Vita Property Group LLC

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124 John King Road124 John King Road124 John King Road124 John King Road
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Income-Producing Office Asset | Strong Cash Flow | Dual-Tenant OpportunityThis 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/monthSuite B (2,500 SF): Leased at $4,375/monthTotal Gross Monthly Income: $10,625Total Gross Annual Income: $127,500Additional 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 roomEfficient layout suited for medical, professional services, or executive office useCurrently 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.

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Listing Snapshot
Price 
$1,700,000
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1 Acre
Year Built 
N/A
MLS® Number 
998749
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
19 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
1
Zoning 
Commercial
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Exterior Features
Frontage 
125.00
Community Features
MLS Area 
25 - Crestview Area
Listing courtesy of Howard G Leavins of La Bella Vita Property Group LLC



Listing information is provided by Participants of the Emerald Coast Association of Realtors MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Emerald Coast Association of Realtors MLS.
Last checked: 2026-03-25 10:47 AM UTC

Neighborhood & Commute
Source: Walkscore
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