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

    12598 Us Highway 98 W Miramar Beach, FL 32550

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $800 /Mo

    Individual offices/executive suites for lease with shared amenities.

    Lot size:
    1.84 Acres

    Property Features for 12598 Us Highway 98 W

    General Information

    Standard status
    Active
    Lot size
    1.84 Acres

    We can help!

    Listing Contact
    Brandon J Cramer
    Source: Exprealty

    Listing Agency: TLG Real Estate Services Destin PLLC Listing Agent: Brandon J Cramer

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

    Learn more

    Overview

    Executive Suites For Lease

    Individual offices and executive suites are available for lease on the second floor. The suites vary in size and pricing. Leases are full service, including all utilities, with a minimum lease term of 12 months. All suites have access to a shared conference room, shared reception area, and shared kitchen. The property offers 24-hour access via a unique key fob. The space features an open and bright environment with fresh paint and modern finishes.
    Location Intelligence

    Current Use by Public Records

    Serviced offices

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3826742
    Latitude
    30.3857707

    Nearby Similar for Lease

    • $800 /Mo
      3,910 SF

      Miramar Beach Class A Office Suites

      Prime Office Space, Flexible Lease Terms, Miramar Beach
      12598 US Highway 98 W, Miramar Beach, FL 32550
      View Details
    • $1,850,000
      3,473 SF

      Prime Commercial Property Near Beach

      Highly visible commercial property near Silver Sands Premium Outlets.
      30 S Shore Dr, Miramar Beach, FL 32550
      View Details
    • $16 SF/Yr
      2,600 SF

      Miramar Beach Industrial Space

      2600 SF Manufacturing/Warehouse
      80 Geronimo St, 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
    • $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
    • $5,744 /Mo

      Retail Space in Baytowne Wharf

      Retail space available in Sandestin Golf and Beach Resort.
      A7 A8 Cannery Ln Ln, 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
    • $2,495 /Mo

      Retail Space in Baytowne Wharf

      Retail space available in Sandestin Golf and Beach Resort.
      105 Cannery Ln Ln, Miramar Beach, FL 32550
      View Details
    • $2,050 /Mo

      Furnished Condo in Baytowne Wharf

      Furnished 1-bedroom condo with utilities included, available 9/15/2025.
      9300 Baytowne Wharf Blvd, Miramar Beach, FL 32550
      View Details
    • $800 /Mo
      24,649 SF

      Executive Suites For Rent

      Executive suites for lease with shared amenities and utilities included.
      12598 Miramar Beach Dr, Miramar Beach, FL 32550
      View Details
    • $22 SF/Yr
      8,640 SF

      Retail Space in Beachwalk Centre

      Retail spaces for lease in Miramar Beach, Florida.
      130 Scenic Gulf Dr, Miramar Beach, FL 32550
      View Details
    • $550 /Mo

      Small Office in Miramar Beach

      Small office space with shared amenities in Fountain Plaza.
      12671 Emerald Coast Pkwy, Miramar Beach, FL 32550
      View Details

    FAQs

    What type of property is this?
    Serviced office - Individual offices/executive suites for lease with shared amenities.
    Where is this serviced office located?
    The property is located at 12598 Us Highway 98 W Miramar Beach, FL.
    What are key features of this property?
    This property features: - Full-service leases including all utilities.; - Enjoy 24-hour access via unique key fob.; - Access to shared conference room, reception area, and kitchen.
    (850) 353-2390
    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
    Brandon J Cramer
    (850) 353-2390
    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.