4458 Legendary Drive, Destin, FL 32541
Exceptional Class A office building in Destin, Florida for sale.
- Added:
- Apr 12, 2023
- Days on Market:
- 1161
- Last Refresh:
- Apr 5 at 8:18 pm
Property Features for 4458 Legendary Drive
General Information
- Standard status
- Active
- Size
- 22,676 SF
- Property subtype
- Commercial
Listing agent JOHN PAUL SOMERS License #3210089
Listing office SOMERS & COMPANY (850) 654-7777
Listing date Apr 12, 2023
Source Corcoran
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
HighLights
- Immediate income‑producing asset with credit‑rated tenants.
- Class A office building constructed in 2008.
- Located in the elite Regatta Commons business community.
- Proximity to Regatta Bay, a premier residential golf community.
- Connectivity to the Destin Commons mixed‑use district.
- Total of 22,676 conditioned square footage across 10 suites.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Destin
- County
- Walton
- State
- Florida
- Longitude
- -86.4153
- Latitude
- 30.3893
