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    543 Hbr Blvd Unit Destin, FL 32541

    For Sale
    $387,500

    High-yield office space, lease in place

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment opportunity presents a 1,550 square foot office unit situated on the second floor of the Pier 98 building at 543 Harbor Boulevard, Unit STE 204, Destin, FL. The property sits on a 0.58-acre lot and is currently occupied by a thriving engineering firm under a lease with approximately 18 months remaining, including a three-year renewal option. This provides immediate and stable cash flow for investors seeking a proven, income-generating asset. The functional layout includes a dedicated reception area, multiple private offices (some modular), a spacious corner office suitable for small conferences, a restroom, a convenient coffee/storage area, and an open collaborative workspace. The unit's design caters to a variety of business needs, offering both private and shared workspaces. The property is priced at $387,500, presenting a compelling opportunity for both investors seeking passive income and owner-occupiers planning for a future move-in date of March 2026. This prime Destin location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of businesses. The existing lease provides a strong foundation for immediate return on investment, while the future owner-occupancy potential adds significant long-term value.

    Property Features for 543 Hbr Blvd Unit

    General Information

    Property type
    Other commercial real estate
    Lot Size
    25,265 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Championship Title Agency, ... Title Company Pace PC Solutions Computer Repair Service Sokolove Law LLC, ... Attorney Okaloosa County Divorce ... Legal Services Robert A. Dees, PA Law Firm

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Destin
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.49638
    Latitude
    30.39259

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield office space, lease in place
    Where is this commercial real estate located?
    The property is located at 543 Hbr Blvd Unit Destin, FL.
    What is the asking price?
    The asking price for this property is $387,500.
    (850) 353-2390
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    543 Hbr Blvd Unit Destin, FL 32541
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