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Property profile & analytics
FOR LEASE
Commercial real estate
2 Industrial Park Ln A6 Destin, FL 32541
Entity Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3329201
For Lease
$14 SF/Yr
2 Industrial Park Ln,Unit A6, Destin, FL 32541
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Property summary
AI-generated overview
This exceptional Destin, FL industrial property, located at 2 Industrial Park Lane Unit C10, offers a versatile 23,770 square foot space ideal for a variety of businesses. Situated on a 1.67-acre lot, the property features a substantial warehouse component totaling 1,480 square feet, boasting impressive 16-foot eave heights and a convenient 14-foot overhead door, perfect for efficient loading and unloading. In addition to the warehouse space, the property includes a 1,680 square foot private office area, providing a professional and functional workspace separate from the warehouse operations. The combination of ample warehouse space and dedicated office area makes this property uniquely suited for businesses requiring both storage and administrative functions. The property's location in Destin, FL offers excellent access to transportation routes and a thriving business community. This is a rare opportunity to secure a well-appointed industrial space in a desirable location. The asking price is $13 million. Serious inquiries only. Contact us today to schedule a viewing and explore the possibilities this property offers.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Construction
STEEL FRAME
Total area
7,820 SF
Lot
1.67 ac (72,618 SF)
APN
00-2S-22-0000-0050-0000
UPID
US18-3329201
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cleaning Destin LLC Commercial Cleaning Service
-
RSVP Weddings Event Planning Wedding Service
-
Signchick Signs, Inc. (Bike/Boat/Book/etc) Store Printing Service
-
Home Appliance Service of Destin Home Appliance Store
-
Mister Clean Cleaning Services llc. Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$1.91M
Owner & transaction history
Norden Enterprises INC · 29 yrs held
Norden Enterprises INC
since 1996
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.8M
+27.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,585,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,185,000
Current use
RETAIL STORES
$2,775,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$244 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,365
Tax year 2023
Assessed value
$1,369,883
Assessed 2023
Previous assessed
$1,309,385
+4.6% YoY
Effective rate
1.19%
On assessed value
Assessed land
$506,024
Assessed improvement
$863,859
Land market value
$506,024
Improvement market value
$863,859
Total market value
$1,369,883
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Units
7
Rooms
31
Total area
7,820 SF
Lot
1.67 ac (72,618 SF)
APN
00-2S-22-0000-0050-0000
UPID
US18-3329201
Jurisdiction
OKALOOSA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
RETAIL STORES
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Units
7
Rooms
31
Lot
1.67 ac
Current owner
From public records · entity-resolved
Norden Enterprises INC
Entity
Mailing address
1234 AIRPORT RD STE #124, DESTIN, FL 32541-2925
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 1996
$100,000
Norden Enterprises INC
J&g Enterprises Of Nw Florida
Grant Deed
$168,750 · Ready Bank Fort Walton Beach
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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