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    12870 Us Highway 98 W Miramar Beach, FL 32550

    For Sale
    $5,995,000

    Iconic retail and warehouse space on a prime 1.25-acre parcel.

    Lot size:
    1.21 Acres

    Property Features for 12870 Us Highway 98 W

    General Information

    Lot size
    1.21 Acres

    Source: Somers & Company Agent John Paul Somers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Retail Building in Miramar Beach

    This freestanding, renovated two-story building is situated on a 1.25-acre parcel in Miramar Beach, Florida, between Destin and Sandestin. The property has high visibility, with approximately 45,000 vehicles passing by daily. Originally constructed in 1995, with a warehouse addition in 1998, the pre-engineered steel building has a gross area of approximately 26,773 square feet. This includes 13,248 square feet of finished retail showroom and office space, and approximately 13,525 square feet of conditioned warehouse space. The warehouse features a loading dock for semi-trailers, an oversized cargo elevator servicing both concrete floors, and industrial-grade metal racks designed for efficient inventory management. The property is suitable for supplying the Emerald Coast market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

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

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

    Similar Places Nearby

    ProFloors Installation, Destin Flooring America, Tile Temptations of Florida, Daltile, American Olean, Marazzi Sales Service Center, Dalton Wholesale Flooring

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3855334
    Latitude
    30.3859811

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    FAQs

    What type of property is this?
    Showroom - Iconic retail and warehouse space on a prime 1.25-acre parcel.
    Where is this showroom located?
    The property is located at 12870 Us Highway 98 W Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: - Prime location in Miramar Beach between Destin and Sandestin, Florida.; - High traffic count of \u00b145,000+ vehicles daily.; - Large building area of \u00b126,773 SF with both retail/office and conditioned warehouse space.
    (850) 654-7777
    Request Owner's contact information
    12870 Us Highway 98 W Miramar Beach, FL 32550
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    Miramar Beach, FL 32550
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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
    12870 Us Highway 98 W Miramar Beach, FL 32550
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