For Sale
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12889 Emerald Coast Parkway Ste 108-109B, Miramar Beach, FL 32550
Retail space
Property Size10,000 SF
Price / SF$179
Days on Market1369
Property Features for 12889 Emerald Coast Parkway Ste 108-109B
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Graham & Company Gulf Coast
Listed By:
Jason Carnes · License #FLBO
(850) 830-6593
Source:
Crexi
Added: Jan 28, 2023
Changed: Oct 25
Last Checked: Oct 28 at 7:57AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Good visibility on Hwy 98
- Well positioned in Miramar Beach between Destin and Sandestin
- Unique opportunity to lease or own
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,290
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,305,800
$2.3M
Cap Rate 7%
$1,647,000
$1.6M
Cap Rate 9%
$1,281,000
$1.3M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$180.0K $18.00/SF
− Vacancy
−$15.3K −$1.53/SF
EGI
$164.7K $16.47/SF
− OpEx
−$49.4K −$4.94/SF
NOI
$115.3K $11.53/SF
Area
Walton County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,305,800
Cap Rate 7%
$1,647,000
Cap Rate 9%
$1,281,000
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,290 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $176,040 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 55%
Shops & Services 21%
Dining 14%
Hotels & Casinos 10%
DICK'S Sporting Goods
Apparel
29,032 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,501 visits/mo
0.3 miles
Bealls Florida
Apparel
13,801 visits/mo
0.5 miles
Joe's Crab Shack
Dining
4,951 visits/mo
0.1 miles
Bubba Gump Shrimp Co.
Dining
4,317 visits/mo
0.1 miles
Demographics for 32550, FL
7,828
Population
14,909
Households
0.5
Avg Household Size
58
Median Age
55%
College-Educated
98%
High-School Grad
7.0 sq mi
ZIP Area
1,118
Density / Sq Mi
$96,269
Median Household Income
$60,634
Median Earnings
$2,108
Median Rent
$679,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
Where is this retail space located?
The property is located at 12889 Emerald Coast Parkway Ste 108-109B Miramar Beach, FL.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Good visibility on Hwy 98; Well positioned in Miramar Beach between Destin and Sandestin; Unique opportunity to lease or own
