Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    12273 Miramar Beach Dr, Unit 204 Miramar Beach, FL 32550

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $415,000

    1403 sq ft office space in Holiday Plaza.

    Property Features for 12273 Miramar Beach Dr

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    John W Roberts
    Source: Corcoran

    Listing Agent: John W Roberts

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

    Learn more

    Property Insight Report

    Overview

    Miramar Beach Office Space Available

    Located in Miramar Beach, Suite 204 is a 1,403 sq ft second-floor end unit situated in Holiday Plaza. The office space features natural light from multiple windows, a private conference room, a waiting area, six individual offices, and a private bathroom. Building signage is available and visible from Highway 98. An established tenant is in place and would like to sign a long term lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.358585
    Latitude
    30.375953

    Nearby Similar for Sale

    • $215,000
      0.05 Acres

      Miramar Beach Motorhome Lot

      Exclusive gated community lot near the beach.
      18 E Bradley St, Miramar Beach, FL 32550
      View Details
    • $189,000

      Miramar Beach RV Lot

      Gated RV community lot near the Gulf of America.
      18 E Bradley St, Miramar Beach, FL 32550
      View Details
    • $190,000
      0.05 Acres

      Miramar Beach Gated RV Community

      Gated RV community lot near beaches, featuring custom upgrades.
      18 E Bradley St, Miramar Beach, FL 32550
      View Details
    • $7,950,000
      38,175 SF

      Prime Retail, Showroom, and Warehouse

      Rare assemblage of retail, showroom, and warehouse space for sale.
      12244 Us Highway 98 W, Miramar Beach, FL 32550
      View Details
    • $2,999,000

      Miramar Beach Commercial Property on US-98

      High-visibility commercial property on US-98 in Miramar Beach, Florida.
      12330 Miramar Beach Dr, Miramar Beach, FL 32550
      View Details
    • $895,000
      1,591 SF

      Remodeled Condo in Sandestin Resort

      Remodeled 2-bedroom condo with resort amenities and beach access.
      1 Beach Club Dr, Miramar Beach, FL 32550
      View Details
    • $550,000

      Grand Sandestin Bay View Condo

      Stunning 2-bedroom condo with flexible rental options and luxurious amenities.
      9500 Grand Sandestin Blvd, Miramar Beach, FL 32550
      View Details
    • $399,000

      Updated Condo with Bunk Room

      Ground-floor condo with updated kitchen, bunk room, and pool access.
      9600 Grand Sandestin Blvd, Miramar Beach, FL 32550
      View Details
    • $699,000

      Marina & Bay View Penthouse

      Penthouse with panoramic marina and bay views in Sandestin.
      9500 Grand Sandestin Blvd, Miramar Beach, FL 32550
      View Details
    • $519,000

      Bay View Lock-Out Condo

      Two-bedroom condo with flexible rental options and bay views.
      9500 Grand Sandestin Blvd, Miramar Beach, FL 32550
      View Details
    • $750,000

      Resort Condo with Bay Views

      Ninth-floor condo with panoramic views in Sandestin Golf & Beach Resort.
      9500 Grand Sandestin Blvd, Miramar Beach, FL 32550
      View Details
    • $1,490,000
      4,236 SF

      Miramar Beach Professional Office Space

      Well-established office space in a highly accessible Miramar Beach location.
      12815 W, Miramar Beach, FL
      View Details

    FAQs

    What type of property is this?
    Office space - 1403 sq ft office space in Holiday Plaza.
    Where is this office space located?
    The property is located at 12273 Miramar Beach Dr, Unit 204 Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Miramar Beach with excellent visibility from Highway 98.; - Established tenant in place seeking a long-term lease.; - 1,403 sq ft second-floor end unit in Holiday Plaza.
    (850) 424-7403
    Request Owner's contact information
    12273 Miramar Beach Dr, Unit 204 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.
    12273 Miramar Beach Dr, Unit 204
    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
    12273 Miramar Beach Dr, Unit 204 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
    John W Roberts
    (850) 424-7403
    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.