Miramar Beach Retail
12889 Hwy 98 W, Miramar Beach, FL 32550
7,254 SF retail condominium in Miramar Plaza for sale.
Type:Retail
Property size:
7,254 SFPrice / SF:
$213/SF- Added:
- Mar 9, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 19 at 10:06 pm
Property Features for 12889 Hwy 98 W
General Information
- Standard status
- Active
- Size
- 7,254 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
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
HighLights
- Prime US‑98 location with high visibility and accessibility.
- 7,254 SF retail condominium for owner‑user or investment.
- Located in a fully occupied retail center with strong tenant synergy.
- Established retail location since 2000.
- High tourism and residential growth corridor with strong traffic.
- Large open showroom areas and ample shared parking.
Overview
Located in the heart of the Emerald Coast retail corridor, Unit 108B at Miramar Plaza is a 7,254 SF retail condominium. The unit has operated as a home décor retail showroom since the center’s opening, establishing the property as a destination retail location within the center. The existing business is relocating, creating an attractive opportunity for an owner-user or investor seeking retail space in a stabilized shopping environment. Miramar Plaza is a fully occupied neighborhood retail center with strong tenant synergy and excellent consumer traffic. The property benefits from its location along Emerald Coast Parkway (US-98), which serves as the primary commercial artery connecting Destin, Miramar Beach, and the Scenic 30A resort communities. The space features large open showroom areas, strong storefront visibility, and ample shared parking, making it well suited for furniture, décor, boutique retail, fitness, showroom, or specialty commercial uses. It is located at 12889 Hwy 98 W, Miramar Beach, FL 32550.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$929.2K
NOI $83,631 @ 9.00% cap · cautious / downside scenario
Moderate
$1.19M
NOI $83,631 @ 7.00% cap · market / base-case scenario
Aggressive
$1.67M
NOI $83,631 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.6k | $18.00 |
| − Vacancy | −$11.1k | −$1.53 |
| EGI | $119.5k | $16.47 |
| − OpEx | −$35.8k | −$4.94 |
| NOI | $83.6k | $11.53 |
7,254 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.19M
$1.05M – $1.39M
NOI $83,631 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,699 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Showrooms
Similar Places Nearby
- ProFloors Installation — 3755 scenic hwy 98 #702, destin, fl 32541
- Destin Flooring America — 12889 Emerald Coast Pkwy #113b, Miramar Beach, FL 32550
- Tile Temptations of Florida — 12273 US-98 STE 106, Miramar Beach, FL 32550
- Daltile, American Olean, Marazzi Sales Service Center — 195 Business Centre Dr, Miramar Beach, FL 32550
- Dalton Wholesale Flooring — 280 Business Centre Dr, Miramar Beach, FL 32550
Location Insight
- Map
- Local Demand
- City
- Miramar Beach
- County
- Walton
- State
- Florida
- Longitude
- -86.3875794
- Latitude
- 30.3841037
Nearby Similar for Sale
FAQs
What type of property is this?
Showroom - 7,254 SF retail condominium in Miramar Plaza for sale.
Where is this showroom located?
The property is located at 12889 Hwy 98 W Miramar Beach, FL.
What is the asking price?
The asking price for this property is $1,549,500.
What are key features of this property?
This property features: Prime US‑98 location with high visibility and accessibility.; 7,254 SF retail condominium for owner‑user or investment.; Located in a fully occupied retail center with strong tenant synergy.
