Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Miramar Beach Office Space Available Title is generated by Realmo AI

    12815 U.S Highway 98 West Suites 101-104, Miramar Beach, FL 32550

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Prime office space in a high-traffic Miramar Beach location.

    Type:Office, Retail, Special Purpose
    Property size:
    4,236 SF
    Price / SF:
    $351/SF
    Added:
    Feb 14, 2025
    Days on Market:
    475
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 12815 U.S Highway 98 West Suites 101-104

    General Information

    Standard status
    Active
    Size
    4,236 SF
    Property subtype
    Office, Retail, Special Purpose

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Chris Abbott

    Listing agent Chris Abbott License #FL BK3078996

    Listing office Scenic | Sotheby's International Realty

    Listing date Feb 14, 2025

    Source Crexi

    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 Scenic | Sotheby's International Realty

    HighLights

    • Prime location on U.S. Highway 98 in a desirable commercial corridor of Miramar Beach.
    • High‑traffic location with excellent accessibility via multiple access points.
    • Move‑in‑ready, single‑level office space featuring a lobby, front desk, breakroom, and restrooms.
    • Ample parking, including overflow parking.
    • Opportunity for income generation or owner‑occupancy.
    • Divisible into 4 separate office space units (Units #101, #102, #103, #104).

    Overview

    Located along U.S. Highway 98, with additional access via Ellis Drive and Scenic Highway 98, this office space provides accessibility for clients and employees. The single-level layout eliminates stairs, and ample parking is available, including overflow parking in the rear of the building. The property features a dedicated lobby and front desk area, a breakroom, and restrooms. This office space, with a 20+ year presence in the community, offers stability and growth potential in a commercial corridor of Miramar Beach. It is suitable as an income-generating investment or a move-in-ready space. The listing is comprised of 4 separate office space units (#101, #102, #103 and #104) that are currently combined but can be separated. The current tenant/owner is downsizing to a smaller space and will not be renewing a lease to stay in this location. HOA dues are $550/month per unit, totaling $2,200 per month. The property size is 4,236 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3850261
    Latitude
    30.3841218

    Nearby Similar for Sale

    • $550,000
      1,413 SF

      Updated Beachwalk Townhome in Miramar

      Lovingly maintained and updated townhome with lake view.
      5163 Beachwalk Drive, Miramar Beach, FL 32550
      View Details
    • $225,000

      Miramar Beach Motorhome Lot

      Premium motorhome lot in gated community near Miramar Beach.
      18 E Bradley Street lot: 2, Miramar Beach, FL 32550
      View Details
    • $298,500

      Miramar Beach RV Resort Lot

      RV resort lot with rental income potential near the beach.
      362 Miramar Beach Drive, Miramar Beach, FL 32550
      View Details
    • $3,995,000
      6,695 SF

      Freestanding Retail Building on Highway

      Retail building with showroom, warehouse, offices, and loading dock.
      12170 US-98, Miramar Beach, FL 32550
      View Details
    • $399,900
      1,500 SF

      Flex Space Unit in Holiday Plaza

      Versatile unit with updated restroom and break room, plus covered loading and added lockable storage.
      12273 Us Highway 98 #STE 119, Miramar Beach, FL 32550
      View Details
    • $12,000,000
      38,175 SF

      Prime Retail, Showroom, and Warehouse

      Rare assemblage of retail, showroom, and warehouse space for sale.
      12244 US Hwy 98 W, Miramar Beach, FL
      View Details
    • $7,900,000
      2,600 SF

      Retail Center in Miramar Beach

      28,000 SF retail center, fully leased, high-traffic location.
      11275 Emerald Coast Pkwy, Miramar Beach, FL
      View Details
    • $1,549,500
      7,254 SF

      Miramar Beach Retail Condominium

      7,254 SF retail condominium in Miramar Plaza for sale.
      12889 Hwy 98 W, Miramar Beach, FL 32550
      View Details
    • $415,000

      Retail/Office Space with Highway Visibility

      Highly visible retail/office space with easy access and parking.
      12273 Us-98 #202, Miramar Beach, FL 32550
      View Details
    • $525,000

      Miramar Beach Mixed-Use Commercial Space

      1,054 SF commercial unit in high-traffic Miramar Beach location.
      180 Poinciana Boulevard #Suite 2, Miramar Beach, FL 32550
      View Details
    • $500,000

      Golf Cart Business Opportunity

      Full-service golf cart dealer within Sandestin Golf and Beach Resort.
      100 Administration Drive, Miramar Beach, FL 32550
      View Details
    • $549,500
      3,357 SF

      Emerald Coast Retail Opportunity

      Retail space available on Emerald Coast Parkway.
      12889 Emerald Coast Pkwy, Miramar Beach, FL 32550
      View Details

    FAQs

    What type of property is this?
    Office units - Prime office space in a high-traffic Miramar Beach location.
    Where is this office units located?
    The property is located at 12815 U.S Highway 98 West Suites 101-104 Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: Prime location on U.S. Highway 98 in a desirable commercial corridor of Miramar Beach.; High‑traffic location with excellent accessibility via multiple access points.; Move‑in‑ready, single‑level office space featuring a lobby, front desk, breakroom, and restrooms.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Abbott
    Real Estate License ID: FL BK3078996
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    12815 U.S. Highway 98 West Suites 101-104, Miramar Beach, FL 32550
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!