Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4460 Legendary Dr Destin, FL 32541

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $26 SF/Yr

    Class A commercial space in Destin, high-traffic, excellent visibility.

    Lot size:
    0.46 Acres

    Property Features for 4460 Legendary Dr

    General Information

    Standard status
    Active
    Lot size
    0.46 Acres

    We can help!

    Listing Contact
    Muri C Kersanac
    Source: Exprealty

    Listing Agency: berkshire hathaway homeservices Listing Agent: Muri C Kersanac

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

    Learn more

    Overview

    Prime Commercial Space in Destin

    This Class A commercial property is available for lease in Destin, Florida, situated along a high-traffic corridor. The space offers excellent visibility and easy access, with proximity to residential neighborhoods, tourist attractions, and retail centers. The property features up to 6000 square feet per floor and includes on-site parking for customers and employees. The modern layout offers an open floor plan with flexible buildout options. Utilities include central HVAC, high-speed internet readiness, and updated electrical systems. This space is suitable for retail, professional office, boutique, showroom, health and wellness, or service-based businesses. Destin is known for its beaches, strong local economy, and year-round tourism, offering exposure to both local residents and visitors.
    Location Intelligence

    Current Use by Public Records

    Elead Software Company Legendary Elevator Elevator Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop 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
    -86.4150452
    Latitude
    30.3892475

    Nearby Similar for Lease

    • $4,000 /Mo

      Office Space at Destin Commons

      Premier office space for lease in Destin, Florida.
      4300 Legendary Dr, Destin, FL 32541
      View Details
    • $24 SF/Yr
      14,900 SF

      Class A Commercial Building Destin

      14,900 SF Class A commercial building for lease in Destin, FL.
      4460 Legendary Dr, Destin, FL 32541
      View Details
    • $1,850 /Mo
      1,216 SF

      Destin Townhome with Private Entrance

      Charming 2BR, 2.5BA townhome in Destin near beaches and amenities.
      28 Court Dr, Destin, FL 32541
      View Details
    • $26 SF/Yr
      7,000 SF

      Prime Commercial Space in Destin

      Class A commercial property in Destin, offering high visibility.
      4460 Legendary Dr, Destin, FL 32541
      View Details
    • $26 SF/Yr
      7,000 SF

      Prime Commercial Space in Destin

      Class A commercial property in Destin, Florida, with high visibility.
      4460 Legendary Dr, Destin, FL 32541
      View Details
    • $18 SF/Yr
      1,110 SF

      Retail/Office Complex in Destin, FL

      70,000 SF retail/office complex in Destin, Florida for lease.
      922 Us 98, Destin, FL
      View Details
    • $28 SF/Yr
      1,700 SF

      Retail Space in Destin Shoppes

      Class-A retail space available in Destin, Florida on U.S. Highway 98.
      1012 Us 98, Destin, FL
      View Details
    • $18,355 /Mo

      Freestanding Buildings on Emerald Coast Parkway

      Two well-built buildings with high visibility on Emerald Coast Parkway.
      36250 Emerald Coast Pkwy, Destin, FL 32541
      View Details
    • $32 SF/Yr
      1,750 SF

      Destin Retail Space - Highway 98

      Prime Destin retail/restaurant space available.
      34761 Emerald Coast Parkway, Destin, FL 32541
      View Details
    • $15,000 /Mo
      7,495 SF

      Freestanding Retail Building in Destin

      7,495 SF retail building on Highway 98 in Destin, FL.
      36062 Emerald Coast Pkwy, Destin, FL 32541
      View Details
    • $29 SF/Yr
      5,000 SF

      Destin Bayside Retail Space

      High-traffic, 5,000 SF retail suite, NNN lease.
      Furling Ln, Destin, FL 32541
      View Details
    • $30 SF/Yr
      24,660 SF

      Destin Beachside Retail Space

      Prime Destin retail, 4,100 SF available
      36150 Emerald Coast Pkwy, Destin, FL 32541
      View Details

    FAQs

    What type of property is this?
    Retail space - Class A commercial space in Destin, high-traffic, excellent visibility.
    Where is this retail space located?
    The property is located at 4460 Legendary Dr Destin, FL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Destin, Florida, a high-growth area with strong tourism and local economy.; - High visibility with prime frontage along Hwy 98, a high-traffic corridor.; - Versatile space suitable for retail, office, or service-based businesses.
    (850) 240-0467
    Request Owner's contact information
    4460 Legendary Dr Destin, FL 32541
    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.
    4460 Legendary Dr
    Destin, FL 32541
    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
    4460 Legendary Dr Destin, FL 32541
    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
    Muri C Kersanac
    (850) 240-0467
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.