Flex Space Unit in Holiday
For Sale
$450,000
Ste-106-12273 Us Highway 98 W, Miramar Beach, FL
Versatile unit with updated restroom and break room, plus covered loading and added lockable storage.
Property Size1,500 SF
Price / SF$300
Days on Market516
Property Features for Ste-106-12273 Us Highway 98 W
General Information
Standard status
Active
Size
1,500 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
RE/Max by the Sea
(843) 979-2002
Listed By:
Robert E Ward · License #662787
(850) 424-3674
Source:
Exprealty
Added: May 16, 2025
Changed: Oct 10
Last Checked: Oct 13 at 2:21AM
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 RE/Max by the Sea
Investment Insights
Based on property information with market context.
Unit 119 at Holiday Plaza is available for purchase and offers approximately 1,500 square feet of versatile commercial space. The unit is currently owner-occupied by a luxury vacation rental management company and is expected to be available for occupancy in September 2026. Inside, the space is set up for office, storage, and laundry operations, and includes durable tile flooring throughout, a remodeled break room, and an updated restroom.
The property includes a covered rear loading area for convenient delivery and day-to-day access, along with a lockable covered storage shed that provides additional storage. Existing utility infrastructure may also appeal to tenants considering a future laundry operation, though all washers and dryers are excluded from the sale. Holiday Plaza is a well-established, heavily used shopping center with a mix of restaurants, dental offices, salons, professional services, and retail businesses, supported by abundant parking and convenient ingress and egress directly from Emerald Coast Parkway (US Highway 98).
This unit is positioned as a flexible fit for a buyer seeking an adaptable space that can support office, storage, service, retail, warehouse, or light commercial uses, with practical back-of-house improvements already in place. Covered loading access and on-site storage further support daily operations and deliveries.
The property includes a covered rear loading area for convenient delivery and day-to-day access, along with a lockable covered storage shed that provides additional storage. Existing utility infrastructure may also appeal to tenants considering a future laundry operation, though all washers and dryers are excluded from the sale. Holiday Plaza is a well-established, heavily used shopping center with a mix of restaurants, dental offices, salons, professional services, and retail businesses, supported by abundant parking and convenient ingress and egress directly from Emerald Coast Parkway (US Highway 98).
This unit is positioned as a flexible fit for a buyer seeking an adaptable space that can support office, storage, service, retail, warehouse, or light commercial uses, with practical back-of-house improvements already in place. Covered loading access and on-site storage further support daily operations and deliveries.
Key Highlights
- Unit 119 at Holiday Plaza offers approximately 1,500 SF of versatile commercial space
- Available for occupancy in September 2026; currently owner‑occupied by a luxury vacation rental management company
- Features durable tile flooring, a remodeled break room, and an updated restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,900
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,000
$378.0K
Cap Rate 7%
$270,000
$270.0K
Cap Rate 9%
$210,000
$210.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$31.5K $21.00/SF
− Vacancy
−$6.3K −$4.20/SF
EGI
$25.2K $16.80/SF
− OpEx
−$6.3K −$4.20/SF
NOI
$18.9K $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%
$378,000
Cap Rate 7%
$270,000
Cap Rate 9%
$210,000
Alternative Uses
Best Use
Office B
$270.0K
$236.3K – $315.0K
NOI $18,900 @ 7.0% cap · market cap 4.20%
Second Best
Flex RnD
$199.9K
$174.9K – $233.2K
NOI $13,993 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$377.2K
$330.1K – $440.1K
NOI $26,406 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile unit with updated restroom and break room, plus covered loading and added lockable storage.
Where is this flex space located?
The property is located at Ste-106-12273 Us Highway 98 W 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: Unit 119 at Holiday Plaza offers approximately 1,500 SF of versatile commercial space; Available for occupancy in September 2026; currently owner‑occupied by a luxury vacation rental management company; Features durable tile flooring, a remodeled break room, and an updated restroom
