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    12889 Miramar Beach Dr, Unit 105B Miramar Beach, FL 32550

    For Sale
    $495,000

    Commercial retail condo with existing tenant and income stream.

    Lot size:
    0.03 Acres

    Property Features for 12889 Miramar Beach Dr

    General Information

    Standard status
    Active
    Lot size
    0.03 Acres

    Source: RE/MAX BY THE SEA Agent KEVIN GRANBERRY

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Condo in Miramar Beach

    This commercial retail condo is located in Miramar Plaza on US Hwy 98 in Miramar Beach, across from McDonald's and the new Botanic Apartments. Unit 105B offers 1716 square feet of space and is currently occupied by a restaurant with an existing lease. The gross annual rent is $43,200, with the tenant responsible for utilities and maintenance. The owner covers insurance, taxes, and CAM fees. The tenant has the first right of refusal for purchase, presenting a potential investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.358585
    Latitude
    30.375953

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    FAQs

    What type of property is this?
    Retail space - Commercial retail condo with existing tenant and income stream.
    Where is this retail space located?
    The property is located at 12889 Miramar Beach Dr, Unit 105B Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - High-traffic location on US Hwy 98 in Miramar Beach, across from McDonald's and new Botanic Apartments.; - Existing tenant provides immediate income stream with $43,200 annual gross rent.; - Tenant pays utilities and maintenance, reducing owner expenses.
    (850) 424-3674
    Request Owner's contact information
    12889 Miramar Beach Dr, Unit 105B Miramar Beach, FL 32550
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    Miramar Beach, FL 32550
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    Realmo Value Estimation

    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.

    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.

    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
    12889 Miramar Beach Dr, Unit 105B Miramar Beach, FL 32550
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