Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4425 Commons Dr E Destin, FL 32541

    View on Map
    Picture of Other retail properties at 4425 Commons Dr E, Destin, FL
    For Lease
    $30 SF/Yr

    3200 SF Retail For Lease - Shoppes at Paradise Key

    Added:
    Feb 28, 2025
    Days on Market:
    429
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 4425 Commons Dr E

    General Information

    Standard status
    Active
    Property type
    Other retail properties, Individual retail properties, Shopping centers, Retail properties & Spaces
    Elevators
    N/A
    Lease Type
    NNN
    Rate Type
    Yearly

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul License #FL BK3105171

    Listing office Salter Company

    Listing date Feb 28, 2025

    Overview

    Turnkey Restaurant Space in Destin

    Located in Destin, Florida, this 3200-square-foot retail space is available for lease within the Shoppes at Paradise Key. The property is a turnkey restaurant space with a recent buildout, completed less than two years ago. Situated in the heart of Destin's retail corridor, the location benefits from high visibility and foot traffic, with adjacency to national retailers such as Publix, Ross, Old Navy, and JoAnn Fabrics. The lease is a NNN (Net, Net, Net) type, with an annual rate of $30 per square foot. This presents an opportunity for a restaurant or similar business seeking a move-in ready space in a high-demand retail area. The property's recent buildout minimizes upfront capital expenditures, allowing businesses to focus on operations and growth. The strong tenant mix in the surrounding area ensures a consistent flow of potential customers.
    Location Intelligence

    Current Use by Public Records

    Publix Super Market ... Specialty Food Shop Publix Catering at Paradise ... Take-out & Catering Publix Pharmacy at Paradise ... Pharmacy Amerigas Propane Exchange Propane Supplier Western Union Bank

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Real Estate Agency Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Destin
    County
    Walton
    State
    Florida
    Longitude
    -86.4197
    Latitude
    30.3923

    Nearby Similar for Lease

    • $4,000/Mo

      Office Space at Destin Commons

      Premier office space for lease in Destin, Florida.
      4300 Legendary Drive unit: C-214, Destin, FL 32541
      View Details
    • Sponsored
      Contact for pricing

      FL, Destin - Airport Road

      1012 Airport Rd, Destin, FL 32541
      View Details
    • $18 SF/Yr

      Destin Office/Warehouse Flex Space

      Office and warehouse flex space in the heart of Destin.
      295 Azalea Drive, Destin, FL 32541
      View Details
    • $8,688/Mo

      Class A Office Space Destin

      Class A office space in the heart of Destin.
      4608 Opa Locka Lane #First Floor, Destin, FL 32541
      View Details
    • $1,500/Mo

      Retail Space in Palmetto Plaza

      First floor retail space in the heart of Destin.
      127 Harbor Boulevard #4-B, Destin, FL 32541
      View Details
    • $1,200/Mo

      Retail Space in Palmetto Plaza

      Second floor retail space in the heart of Destin.
      127 Harbor Boulevard #4-A, Destin, FL 32541
      View Details
    • $1,200/Mo

      Regatta Bay Office Space

      Class A office space in Destin's Regatta Bay Commerce Center.
      4460 Legendary Drive #2A, Destin, FL 32541
      View Details
    • $10,000/Mo

      Destin Harbor District Office Space

      7000 SF professional office space in Destin's Harbor District.
      503 Harbor Boulevard, Destin, FL 32541
      View Details
    • $1,470/Mo

      Destin Office Space For Lease

      Office space for lease in Destin, Florida.
      2 Industrial Park Lane #A6, Destin, FL 32541
      View Details
    • $10,000/Mo

      Retail Space on Harbor Boulevard

      Retail space available on Harbor Blvd, Destin, Florida.
      503 Harbor Boulevard, Destin, FL 32541
      View Details
    • $8,687/Mo

      Retail Space on Emerald Coast

      Retail space available on Emerald Coast Parkway in Destin, Florida.
      4608 Opa Locka Lane First Floor, Destin, FL 32541
      View Details
    • $5,600/Mo

      Destin Harbor Boulevard Office Space

      Class A professional or medical office space in Destin, Florida.
      503 Harbor Boulevard #1, Destin, FL 32541
      View Details

    FAQs

    What type of property is this?
    Other retail property - 3200 SF Retail For Lease - Shoppes at Paradise Key
    Where is this other retail property located?
    The property is located at 4425 Commons Dr E Destin, FL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    (407) 839-3140
    We can help!
    Listing Contact
    Paul Salter
    Real Estate License ID: FL BK3105171
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    4425 Commons Dr E, Destin, FL 32541

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!