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

    12598 US Highway 98 W Miramar Beach, FL 32550

    View on Map
    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $800 /Mo ($2 SF/Yr)

    Prime Office Space, Flexible Lease Terms, Miramar Beach

    Lot size:
    3,910 SF

    Property Features for 12598 US Highway 98 W

    General Information

    Property type
    Other office properties
    Lease Type
    Gross
    RSF (Rentable sq. ft)
    3,910 SF
    USF (Usable sq. ft)
    3,910 SF
    Class
    C
    Elevators
    N/A
    Total Rate
    800
    Lease Term
    1-2 Years

    Amenities

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    2

    Overview

    Miramar Beach Class A Office

    This Class A office space is available for lease in Miramar Beach, Florida. Located at 12598 US Highway 98 W, Suite 201, the property offers convenient access and modern amenities. The space features flexible configurations ranging from 100 to 3,910 square feet. Individual offices and executive suites are available, each with dedicated elevator lobby access. Shared amenities include common area restrooms (accessible 24/7 via key fob), a spacious reception area, a well-equipped kitchen, and a versatile conference room. The interiors are freshly painted with contemporary finishes. Leases are gross, with a monthly rate of $800 per square foot, and are available for terms of one to two years. Pricing may vary depending on the specific unit size, location within the suite, and window views. A minimum 12-month lease is required. The total usable square footage is 3910 square feet, making it an ideal location for businesses seeking a professional and efficient workspace in a desirable coastal setting.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • 3,910 sq ft of Class A office space available for lease in Miramar Beach, FL.
    • Located at 12598 US Highway 98 W, Suite 201, offering convenient access and amenities.
    • Features include a large reception area, kitchen, conference room, and 24/7 key fob access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    State
    Florida
    Longitude
    -86.382691
    Latitude
    30.385969

    Nearby Comparable

    • $800 /Mo

      Executive Suites For Lease

      Individual offices/executive suites for lease with shared amenities.
      12598 Us Highway 98 W, Miramar Beach, FL 32550
      View Details
    • $24 SF/Yr
      26,470 SF

      Miramar Beach Office Space Available

      3,910 SF Office Suite, Prime Location
      12598 Emerald Coast Pkwy, Miramar Beach, FL 32550
      View Details
    • $8,763 /Mo

      Miramar Beach Professional Office Space

      Professional office space in Miramar Beach, utilities included.
      42 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $5,130 /Mo

      Miramar Beach Professional Office Space

      Professional office space in Miramar Beach, utilities included.
      42 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $2,809 /Mo

      Miramar Beach Professional Office Space

      Professional office space in Miramar Beach, utilities included.
      42 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $12,000 /Mo
      9,000 SF

      Miramar Beach Warehouse Opportunity

      9,000 SF flex space in Miramar Beach, Florida.
      220 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $19 SF/Yr
      10,000 SF

      Miramar Beach Retail Space For Lease

      10,000 SF Retail Space - Prime Location
      12889 Emerald Coast Pkwy, Miramar Beach, FL 32550
      View Details
    • $20 SF/Yr
      3,500 SF

      Miramar Beach Restaurant Prep Space

      Turnkey Catering Kitchen - Lease Available
      101 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $5,950 /Mo

      Restaurant Commissary Space For Rent

      Second generation restaurant commissary space, ideal as a catering kitchen.
      101 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $8,688 /Mo

      Class A Office Space Destin

      Class A office space in the heart of Destin.
      4608 Opa Locka Ln, Destin, FL 32541
      View Details
    • $17 SF/Yr
      2,421 SF

      East Destin Office Space Available

      High-end office suite, 2421 sq ft.
      36468 Emerald Coast Pkwy, Destin, FL 32541
      View Details
    • $22 SF/Yr
      4,220 SF

      Destin Office Building - 4,220 SF

      Class A office space, lease or buy.
      4608 Opa Locka Ln, Destin, FL 32541
      View Details

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Grand Boulevard

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      495 Grand Blvd, Miramar Beach, FL 32550
      View Details
    • $8,763 /Mo

      Miramar Beach Professional Office Space

      Professional office space in Miramar Beach, utilities included.
      42 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $2,809 /Mo

      Miramar Beach Professional Office Space

      Professional office space in Miramar Beach, utilities included.
      42 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $5,130 /Mo

      Miramar Beach Professional Office Space

      Professional office space in Miramar Beach, utilities included.
      42 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $12,000 /Mo
      9,000 SF

      Miramar Beach Warehouse Opportunity

      9,000 SF flex space in Miramar Beach, Florida.
      220 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $3,958 /Mo

      Retail Space on Emerald Coast

      Retail space with high visibility and traffic count available for rent.
      11275 Emerald Coast Pkwy, Miramar Beach, FL 32550
      View Details
    • $550 /Mo

      Small Offices in Miramar Beach

      Individual offices with shared amenities in Fountain Plaza for rent.
      12671 Emerald Coast Pkwy, Miramar Beach, FL 32550
      View Details
    • $18 SF/Yr

      Miramar Beach Flex Space Sublease

      Flex space sublease in Miramar Beach, right off Highway 98.
      80 South Geronimo St, Miramar Beach, FL 32550
      View Details
    • $35 SF/Yr
      1,250 SF

      Destin Village Shoppes Retail Space

      Prime Miramar Beach retail space available. High traffic, great visibility.
      11394 US Hwy 98 W, Miramar Beach, FL 32550
      View Details
    • Contact for pricing
      4,988 SF

      Miramar Beach Retail/Office Space

      Retail or office space in Miramar Beach with high visibility.
      45 S Shore Dr, Miramar Beach, FL 32550
      View Details
    • $2,800 /Mo
      1,400 SF

      Retail Space in Miramar Beach

      1400 SF retail space in high-traffic Miramar Beach complex.
      12889 Emerald Coast Pkwy, Miramar Beach, FL 32550
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Office Space, Flexible Lease Terms, Miramar Beach
    Where is this office property located?
    The property is located at 12598 US Highway 98 W Miramar Beach, FL.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features:
    (850) 385-6363
    Request Owner's contact information
    12598 US Highway 98 W Miramar Beach, FL 32550
    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.
    12598 US Highway 98 W
    Miramar Beach, FL 32550
    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
    12598 US Highway 98 W Miramar Beach, FL 32550
    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

    We can help!
    Listing Contact
    Paul Salter
    (850) 385-6363
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!