Legendary Dr Destin, FL
Premier office building in Destin's Regatta Commons.
Property Features for Legendary Dr
General Information
- Standard status
- Active
- Size
- 22,676 SF
- Lot size
- 0.46 Acres
- Property subtype
- OFFICE
Listing office Somers & Company (850) 654-7777
Listing date Jun 5, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Somers & Company
Investment Insights
Based on property information with market context.
Key Highlights
- Immediate income‑producing asset with credit‑rated tenants.
- Class A office building constructed in 2008.
- Located in the elite Regatta Commons business community.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $476.2k | $21.00 |
| − Vacancy | −$95.2k | −$4.20 |
| EGI | $381.0k | $16.80 |
| − OpEx | −$95.2k | −$4.20 |
| NOI | $285.7k | $12.60 |
