# 577 Brookmeade Drive, Crestview, FL 32539 > **TL;DR:** commercial, $2,200,000. Est. $11,766/mo. Listed 18 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,200,000 | | Lot Size | 43,996 sqft (1.01 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 18 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $11,124 | | Estimated Insurance | $642 | | **Total** | **$11,766** | ## Property Highlights - 1.01 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 577 Brookmeade Drive, Crestview, FL 32539 - **County:** Okaloosa - **Coordinates:** 30.735336, -86.559635 - **Google Maps:** https://www.google.com/maps?q=30.735336,-86.559635 ## Listing Agent - **Name:** Todd Siegrist · **License:** 3398226 - **Brokerage:** Dalton Wade - **Phone:** 8507970627 - **Broker Phone:** (727) 888-4175 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/ECARMLSFL/1010582/?channel=propsimple) ## Photos ![577 Brookmeade Drive - Photo 1](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f3332146724r.jpg) ![577 Brookmeade Drive - Photo 2](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f491779154r.jpg) ![577 Brookmeade Drive - Photo 3](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f2053988897r.jpg) ![577 Brookmeade Drive - Photo 4](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f510646100r.jpg) ![577 Brookmeade Drive - Photo 5](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f2985183369r.jpg) ![577 Brookmeade Drive - Photo 6](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f1474750907r.jpg) ![577 Brookmeade Drive - Photo 7](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f4005834124r.jpg) ![577 Brookmeade Drive - Photo 8](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f392140139r.jpg) ![577 Brookmeade Drive - Photo 9](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f1558127881r.jpg) ![577 Brookmeade Drive - Photo 10](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f2678109065r.jpg) ![577 Brookmeade Drive - Photo 11](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f2222619404r.jpg) ![577 Brookmeade Drive - Photo 12](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f3428834838r.jpg) ![577 Brookmeade Drive - Photo 13](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f1702477995r.jpg) ![577 Brookmeade Drive - Photo 14](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f1361982756r.jpg) ![577 Brookmeade Drive - Photo 15](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f963848392r.jpg) ![577 Brookmeade Drive - Photo 16](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f850725858r.jpg) ![577 Brookmeade Drive - Photo 17](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f1387493998r.jpg) ![577 Brookmeade Drive - Photo 18](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f1051069462r.jpg) ![577 Brookmeade Drive - Photo 19](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f1681731331r.jpg) ![577 Brookmeade Drive - Photo 20](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f2582347633r.jpg) ![577 Brookmeade Drive - Photo 21](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f3412359670r.jpg) ![577 Brookmeade Drive - Photo 22](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f144777548r.jpg) ![577 Brookmeade Drive - Photo 23](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f3702386997r.jpg) ![577 Brookmeade Drive - Photo 24](http://lh.rdcpix.com/31f448ad4f699794e254154c48aa2b61l-f3113791756r.jpg) --- **MLS#:** 1010582 | **Updated:** 2026-09-11 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/577-brookmeade-drive-crestview-fl-32539-1010582) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/577-brookmeade-drive-crestview-fl-32539-1010582#listing", "url": "https://www.propertysimple.ai/listing/577-brookmeade-drive-crestview-fl-32539-1010582", "name": "577 Brookmeade Drive, Crestview, FL 32539", "description": "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. 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