First-Floor Corner Retail
For Sale
$450,000
12273 Us Highway 98, Miramar Beach, FL 32550
Commercial for Sale, Miramar Beach, FL
Property Size2,700 SF
Price / SF$166.67
Days on Market531
Property Features for 12273 Us Highway 98
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Holiday Plaza located at 12273 US-98. The property is on the first level in the Southeast corner of the plaza.
Subdivision
15 - Miramar/Sandestin Resort
Standard status
Active
APN
29-2S-21-42170-000-0106
Taxes and HOA fees
Tax Description
UNIT 106 HOLIDAY PLAZA PH I A COMMERCIAL CONDO OR 1936-153 OR 2108-362 OR 2600-1873 OR 2702-3696 OR 3260-362
Legal Description
UNIT 106 HOLIDAY PLAZA PH I A COMMERCIAL CONDO OR 1936-153 OR 2108-362 OR 2600-1873 OR 2702-3696 OR 3260-362
Listing Agency:
RE/MAX by the Sea · RE/MAX International
(850) 424-3674
Listed By:
Robert E Ward · License #662787
(850) 585-4101
Added: May 16, 2025
Changed: Oct 1
Last Checked: Oct 28 at 1:06AM
MLS# 976482
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor retail space occupies the southeast corner of Holiday Plaza at 12273 US Highway 98 in Miramar Beach. The property is commercially zoned and is positioned for retail or office use, with a rear service road providing access to an additional entrance and loading area.
Parking is available within the plaza, and the property benefits from a professionally managed HOA. Its location in the Miramar Beach and Destin area places the space along a commercial corridor served by US Highway 98.
Parking is available within the plaza, and the property benefits from a professionally managed HOA. Its location in the Miramar Beach and Destin area places the space along a commercial corridor served by US Highway 98.
Key Highlights
- First‑floor southeast corner space in Holiday Plaza
- Commercial zoning supports retail or office use
- Rear service road provides access to entrance and loading area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,020
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,400
$680.4K
Cap Rate 7%
$486,000
$486.0K
Cap Rate 9%
$378,000
$378.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$56.7K $21.00/SF
− Vacancy
−$11.3K −$4.20/SF
EGI
$45.4K $16.80/SF
− OpEx
−$11.3K −$4.20/SF
NOI
$34.0K $12.60/SF
Area
Walton County, FL
Vacancy
20.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,400
Cap Rate 7%
$486,000
Cap Rate 9%
$378,000
Alternative Uses
Best Use
Office B
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 7.56%
Second Best
Retail
$444.7K
$389.1K – $518.8K
NOI $31,128 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$679.0K
$594.1K – $792.2K
NOI $47,531 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
Explore this area
Business Placement
Demographics for 32550, FL
7,828
Population
14,909
Households
0.5
Avg Household Size
58
Median Age
55%
College-Educated
98%
High-School Grad
7.0 sq mi
ZIP Area
1,118
Density / Sq Mi
$96,269
Median Household Income
$60,634
Median Earnings
$2,108
Median Rent
$679,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned retail space with rear service-road access for loading and a separate entrance.
Where is this retail space located?
The property is located at 12273 Us Highway 98 Miramar Beach, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: First‑floor southeast corner space in Holiday Plaza; Commercial zoning supports retail or office use; Rear service road provides access to entrance and loading area
