Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12889 Emerald Coast Pkwy Miramar Beach, FL 32550

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $549,500

    Retail space available on Emerald Coast Parkway.

    Type:Retail
    Property size:
    3,357 SF
    Added:
    Mar 9, 2026
    Days on Market:
    23
    Last Refresh:
    Mar 19 at 10:06 pm

    Property Features for 12889 Emerald Coast Pkwy

    General Information

    Standard status
    Active
    Size
    3,357 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Jim Ball

    Listing agent Jim Ball License #FL

    Listing office CENTURY 21 AllPoints Realty

    Listing date Mar 9, 2026

    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 CENTURY 21 AllPoints Realty

    Overview

    Emerald Coast Retail Opportunity

    This commercial property, situated on Emerald Coast Parkway, presents a prime retail opportunity. The property offers 3357 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.459472
    Latitude
    30.38684

    Nearby Similar for Sale

    • $850,000
      1,768 SF

      Miramar Beach Townhome with Beach Access

      Three-bedroom townhome near sugar-white beaches with private deeded beach access.
      956 Scenic Gulf Drive unit: 108, Miramar Beach, FL 32550
      View Details
    • $849,000
      3,722 SF

      Miramar Beach Professional Office Space

      Move-in ready office space in The Summit building.
      42 Business Centre Dr, Miramar Beach, FL
      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
    • $4,300,000

      Modern Office Building For Sale

      18,029 SF office building in prime Gulf Coast location.
      13331 Emerald Coast Parkway, 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 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
    • $415,000
      1,392 SF

      Retail/Office Space on Highway 98

      Highly visible retail/office space with easy access and parking.
      12273 Us-98 #202, Miramar Beach, FL 32550
      View Details
    • $475,000

      Miramar Beach Mixed-Use Commercial Space

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

    FAQs

    What type of property is this?
    Retail space - Retail space available on Emerald Coast Parkway.
    Where is this retail space located?
    The property is located at 12889 Emerald Coast Pkwy Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $549,500.
    What are key features of this property?
    This property features: Prime commercial opportunity; Year Built: 2000
    We can help!
    Listing Contact
    Jim Ball
    Real Estate License ID: FL
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!