12889 Emerald Coast Parkway Ste 108-109B, Miramar Beach, FL 32550
Retail space
- Added:
- Jan 28, 2023
- Days on Market:
- 1257
- Last Refresh:
- Jul 4 at 6:14 am
Property Features for 12889 Emerald Coast Parkway Ste 108-109B
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Retail
Listing office Graham & Company Gulf Coast (850) 830-6593
Listing date Jan 28, 2023
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 Graham & Company Gulf Coast
HighLights
- Good visibility on Hwy 98
- Well positioned in Miramar Beach between Destin and Sandestin
- Unique opportunity to lease or own
- Open floor plan
- Dedicated turn lane
- Signage opportunity
Local Financial Insights For Retail
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 | $180.0k | $18.00 |
| − Vacancy | −$15.3k | −$1.53 |
| EGI | $164.7k | $16.47 |
| − OpEx | −$49.4k | −$4.94 |
| NOI | $115.3k | $11.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miramar Beach
- County
- Walton
- State
- Florida
- Longitude
- -86.459472
- Latitude
- 30.38684
