4458 Legendary Drive, Destin, FL 32541
Exceptional Class A office building in Destin, Florida for sale.
- Added:
- Jun 3, 2023
- Days on Market:
- 1109
- Last Refresh:
- May 20 at 1:08 am
Property Features for 4458 Legendary Drive
General Information
- Standard status
- Active
- Size
- 22,676 SF
- Property subtype
- Commercial/Industrial
Listing agent John Paul Somers License #3210089 (850) 654-7777
Listing office Somers & Company (850) 654-7777
Listing date Jun 3, 2023
Source Exitrealty
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
- Class A office building built in 2008
- Located in Regatta Commons, an elite business community
- Proximity to Regatta Bay, a premier residential golf community
- Connectivity to Destin Commons, a mixed‑use district
- Contains 10 suites totaling approximately 22,676 sq ft
- Roster of credit‑rated tenants offering immediate income
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
