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    Brett D Stuart, Destin, FL

    License ID: 678851
    Years of Experience
    15
    Association
    Emerald Coast Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (850) 865-9123
    Office Address:
    1174 Bay Ct., Destin, FL 32541

    Property Types

    • Land

    Performance

    Listings
    16
    Total transactions
    54
    Total transactions amount
    $40M
    Price range
    $494k - 1.1M
    Average price
    $741k

    Listings

    For Sale (11)

    View map
    • $1,900,000
      4,842 SF

      Majestic Sun Commercial Condo

      Miramar Beach, FL Office/Retail Opportunity
      1200 Scenic Gulf Dr Unit B Miramar Bch, Miramar Beach, FL 32550
      View Details
    • $3,250,000
      10.40 Acres

      Gulf Breeze Commercial Land Investment

      10.4 Acres, Hwy 98 Frontage, Reduced Price
      5480 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • $929,000
      1.11 Acres

      Freeport Commercial Land Parcel

      1.11 Acres, Hwy 331 South, High Traffic
      16660 Us Highway 331, Freeport, FL 32439
      View Details
    • $6,900,000
      1.50 Acres

      13381 Emerald Coast Pkwy

      Land • 1.50 Acres
      13381 Emerald Coast Pkwy, Miramar Beach, FL 32550
      View Details
    • $950,000
      1.20 Acres

      Prime Freeport Commercial Land

      1.2 Acres, High-Traffic Location
      16913 Us Highway 331, Freeport, FL 32439
      View Details
    • $3,250,000

      37-Acre Waterfront Development, Milton, FL

      Prime waterfront land, single-family development.
      4400 Garcon Point Rd, Milton, FL 32583
      View Details
    • $849,000
      3,722 SF

      Miramar Beach Professional Office Space

      Move-in ready office space in The Summit building.
      42 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $6,495,000

      Prime Commercial Land Miramar Beach

      6.06 acres on Highway 98 with high traffic count.
      13331 Highway 98, Destin, FL 32541
      View Details
    • $465,000
      2,300 SF

      East Destin Office Space

      Nicely appointed office space in a mixed-use condo.
      4507 Furling Ln, Destin, FL 32541
      View Details
    • $3,250,000

      Waterfront Development Opportunity in Florida

      37-acre waterfront parcel ready for single-family development.
      4400 Garcon Point Rd, Milton, FL 32583
      View Details
    • $979,000

      Retail Outparcel on Highway 331

      Prime retail land near Publix with high traffic count.
      1 Of 20 Hwy, Freeport, FL
      View Details

    For Lease (5)

    View map
    • $17 SF/Yr
      1,000 SF

      Valparaiso Office Space For Rent

      Inline retail/office space with glass storefront, reception, and offices.
      410 Government Ave, Valparaiso, FL 32580
      View Details
    • $30 SF/Yr
      25,000 SF

      New Class A Office Building

      New Class A office building near Eglin AFB for lease.
      511 Government Ave, Niceville, FL 32578
      View Details
    • $30 SF/Yr

      Highway 331 Office Space

      3,000 SF office space on 1.4 acres available for lease.
      17287 Us Highway 331 S, Freeport, FL 32439
      View Details
    • $1,350,000
      6,914 SF

      Freeport Office/Warehouse with Fenced Yard

      Freestanding office/warehouse with large fenced yard in Freeport, Florida.
      107 Industrial Ct, Freeport, FL 32439
      View Details
    • $16 SF/Yr
      5,000 SF

      New Warehouse Space in Panama

      5,000 SF warehouse space available for rent in Panama.
      Cordova Pl, Panama City Beach, FL
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Brett D Stuart, Destin, FL
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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