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Class A Office Building

13331 Emerald Coast Pkwy, Miramar Beach, FL 32550

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For Sale

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Three-story office building with high visibility and accessibility.

Type:Office

Property size:

18,029 SF

Lot size:

1.38 Acres

Price / SF:

$238/SF

HighLights

Class A office building on high‑traffic US Hwy. 98 (53,000 vehicles per day).
Direct access via signage and median cut.
Prime location near Emerald Bay Community and Golf Club.
Proximity to Ascension Sacred Heart Medical Center (one block away).
Located on the Walton County/Okaloosa County line.
Built in 2006.

We can help!

Listing Contact

Kevin Williams

For Sale

Contact for pricing

Three-story office building with high visibility and accessibility.

Type:Office

Property size:

18,029 SF

Lot size:

1.38 Acres

Price / SF:

$238/SF

Added:: Nov 6, 2024
Days on Market:: 583
Last Refresh:: May 12 at 9:53 pm

Property Features for 13331 Emerald Coast Pkwy

General Information

Standard status: Active
Size: 18,029 SF
Lot size: 1.38 Acres
Property subtype: Office

Building Details

Year Built: 2006

We can help!

Listing Contact

Kevin Williams

Listing agent Kevin Williams License #AL

Listing office Graham & Company Birmingham

Listing date Nov 6, 2024

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 Birmingham

HighLights

Class A office building on high‑traffic US Hwy. 98 (53,000 vehicles per day).
Direct access via signage and median cut.
Prime location near Emerald Bay Community and Golf Club.
Proximity to Ascension Sacred Heart Medical Center (one block away).
Located on the Walton County/Okaloosa County line.
Built in 2006.

Overview

This is a three-story, Class A office building situated on US Highway 98/Emerald Parkway. The property benefits from signage and a median cut, providing direct access. It is located on a 1.38-acre site on the Walton County/Okaloosa County line. The location is conveniently situated across Highway 98 from the Emerald Bay Community and Golf Club, and is one block away from the Ascension Sacred Heart Medical Center, offering a prime area for accessibility and visibility. The Emerald Coast Parkway (US Highway 98) in Miramar Beach experiences a high traffic volume of 53,000 vehicles per day. The property has a size of 18,029 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$378.6k	$21.00
− Vacancy	−$75.7k	−$4.20
EGI	$302.9k	$16.80
− OpEx	−$75.7k	−$4.20
NOI	$227.2k	$12.60

18,029 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.25M

$2.84M – $3.79M (±1% cap)

NOI $227,165 @ 7.0% cap · market cap 5.28%

Second Best

—

no second resolved use

Theoretical Best

Office A

$4.53M

$3.97M – $5.29M (±1% cap)

NOI $317,383 @ 7.0% cap · market cap 7.38%

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

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Miramar Beach
County: Walton
State: Florida
Longitude: -86.459472
Latitude: 30.38684

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For sale
Office buildings
FL
Miramar Beach
32550
13331 Emerald Coast Pkwy

What type of property is this?

Office building - Three-story office building with high visibility and accessibility.

Where is this office building located?

The property is located at 13331 Emerald Coast Pkwy Miramar Beach, FL.

What is the asking price?

The asking price for this property is $4,300,000.

What are key features of this property?

This property features: Class A office building on high‑traffic US Hwy. 98 (53,000 vehicles per day).; Direct access via signage and median cut.; Prime location near Emerald Bay Community and Golf Club.