Ad #6756014
MLS #1010582
10,200 SF freestanding medical building directly across the
577 Brookmeade Dr, Crestview, FL 32539
$2,200,000
--Beds
--Baths
--Sqft
1.01Acres
About this property
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 running through May 2028, at which point the lease specifies 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 21 months from now. 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, in Crestview city limits. The bigger story is the corridor: Williams International's $1B advanced aviation campus under construction 7 minutes north, 6,387 residential units approved and under construction, 78,000+ people in the 30-minute drive catchment, and Eglin AFB anchoring healthcare demand year-round. NOMC just delivered a $15M ED expansion with a cath lab pre-built. Best fit for a practice with a 22-month expansion plan, a physician-investor group, or a regional healthcare platform. Not a stabilized cap-rate play; a defined path to one. Full package including lease abstract, mark-to-market analysis with comps, floor plans, and specs on qualified inquiry.
Property Features
0 Beds
0 Baths
0 Sqft
1.01 Acres
Okaloosa County
Additional Photos
Contact Information
Todd Siegrist
Dalton Wade
850-797-0627
Location
Listing Agent: Todd Siegrist (License #: 3398226) 850-797-0627
Broker: Dalton Wade 727-888-4175 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Dalton Wade 727-888-4175 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BarrierFreeHome.com
Printed Sep 7, 2026
Photo Gallery
$2,200,000
--
Beds
--
Baths
--
Sqft
577 Brookmeade Dr, Crestview, FL 32539
By contacting this agent you agree to these Terms and Conditions.
MLS# 1010582
$2,200,000
577 Brookmeade Dr, Crestview, FL 32539
--
Beds
--
Baths
--
Sqft
1.01
Acres
$2,200,000
577 Brookmeade Dr, Crestview, FL 32539
-- Beds
-- Baths
-- Sqft
1.01 Acres
10,200 SF freestanding medical building directly across the
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 running through May 2028, at which point the lease specifies 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 21 months from now. 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, in Crestview city limits. The bigger story is the corridor: Williams International's $1B advanced aviation campus under construction 7 minutes north, 6,387 residential units approved and under construction, 78,000+ people in the 30-minute drive catchment, and Eglin AFB anchoring healthcare demand year-round. NOMC just delivered a $15M ED expansion with a cath lab pre-built. Best fit for a practice with a 22-month expansion plan, a physician-investor group, or a regional healthcare platform. Not a stabilized cap-rate play; a defined path to one. Full package including lease abstract, mark-to-market analysis with comps, floor plans, and specs on qualified inquiry.
13 days
on BarrierFreeHome.com
15
views
0
saves
Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
1.01 Acres
FINANCIAL & COMMUNITY
Okaloosa County
Location
Mortgage Calculator
Ad Statistics
Ad Number
6756014
Viewed
15 times
Listing Status
Active
Added
Aug 25, 2026
Last Refreshed
Sep 07, 2026 07:35:34 PM
Listing Information
Data Source
Emerald Coast Association of Realtors
Source Property ID
1010582
Listing Agent: Todd Siegrist (License #: 3398226) 850-797-0627
Broker: Dalton Wade 727-888-4175 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Dalton Wade 727-888-4175 Listing Site
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Request Information
Start advertising today
Explore options for real estate agents and homeowners advertising on BarrierFreeHome.com
Sell Your Home
Explore Similar Properties
No similar properties found.