577 Brookmeade Dr - Medical FOR SALE


Crestview, FL 32539
$2,200,000 USD
850-243-0007
577 Brookmeade Dr, Crestview, FL for Sale
$2,200,000 USD
Medical - FOR SALE
1/23
null | Request Cap Rate

577 Brookmeade Dr
Crestview, FL 32539


OVERVIEW

10,200 SF freestanding medical building directly across the street from North Okaloosa Medical Center, the only operating hospital between Pensacola and Fort Walton. Purpose-built for outpatient medical use, currently operating as one, and sitting on a 1-acre corner in the fastest-growing corridor of the Panhandle. The primary suite (6,800 SF) is on a below-market gross lease through May 2028, after which the lease requires repricing to market rent. The companion suite (3,400 SF) is available to a new owner within 90 days of closing under existing lease terms. You inherit contracted income covering carry, and you step into a mark-to-market reset conversation in 21 months. The submarket is at 1.9% MOB vacancy per CoStar Q1 2026, so the reset has real teeth. This property offers medical-grade plumbing, aquatic therapy pool, treatment build-out, ADA-compliant restrooms, dual-meter utility separation, 40 parking spaces, and an ongoing maintenance program. Steel-frame construction, 2015 remodel, replacement cost $2.685M per current insurance carrier. Zoned mixed-use, within Crestview city limits. Full document package available upon request. Call or text Todd at 850-797-0627 for more questions or to schedule a tour.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Medical Use Property

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

Commercial

APN/PARCEL ID

28-3N-23-0000-0010-0000

ASK ABOUT THIS PROPERTY

Dennis FortenberryNBI Properties, Inc.More Info
850-243-0007

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Dennis FortenberryNBI Properties, Inc.More Info
850-243-0007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.