Second-Floor Professional Office
For Sale
$329,000
203-42 Business Centre Dr, Miramar Beach, FL 32550
Second-floor office suite in the Summit Office building with multiple offices and a kitchen/break area.
Property Size1,425 SF
Price / SF$230.88
Days on Market117
Property Features for 203-42 Business Centre Dr
General Information
Standard status
Active
Size
1,425 SF
Occupancy
50%
Additional Details
Business Included
Yes
Office Units
2
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Taylor Allen Properties LLC
(850) 259-2894
Listed By:
Brett D Stuart · License #678851
(850) 865-9123
Source:
Exprealty
Added: Jun 19
Changed: Oct 9
Last Checked: Oct 13 at 2:36AM
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 Taylor Allen Properties LLC
Investment Insights
Based on property information with market context.
This 2nd-floor professional office space is located in the Summit Office building and sits in the NW corner of the property. The unit is partially occupied by Hear Again America, with a remainder of approximately 700 SF available for immediate occupancy. The available portion includes two windowed offices, a third office, and a kitchen/break area, and it provides two access doors into the hallway.
The building is professionally managed, and restrooms are provided in the common areas of the floor. The space configuration supports both private office use and reception-related flow within the suite.
Overall, the suite offers a practical mix of enclosed offices plus break space, with direct hallway access through two doors.
The building is professionally managed, and restrooms are provided in the common areas of the floor. The space configuration supports both private office use and reception-related flow within the suite.
Overall, the suite offers a practical mix of enclosed offices plus break space, with direct hallway access through two doors.
Key Highlights
- 1425 SF professional 2nd‑floor office space in the Summit Office building in Miramar Beach, FL
- NW corner 2nd‑floor unit with hard‑corner layout featuring three offices and a reception area
- Currently 1/2 occupied by Hear Again America under a 5‑year lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,955
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,100
$359.1K
Cap Rate 7%
$256,500
$256.5K
Cap Rate 9%
$199,500
$199.5K
Market Conditions
NOI Build-Up for 1,425 SF
Gross rent
$29.9K $21.00/SF
− Vacancy
−$6.0K −$4.20/SF
EGI
$23.9K $16.80/SF
− OpEx
−$6.0K −$4.20/SF
NOI
$18.0K $12.60/SF
Area
Walton County, FL
Vacancy
20.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,100
Cap Rate 7%
$256,500
Cap Rate 9%
$199,500
Alternative Uses
Best Use
Office B
$256.5K
$224.4K – $299.3K
NOI $17,955 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.4K
$313.6K – $418.1K
NOI $25,086 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
50%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor office suite in the Summit Office building with multiple offices and a kitchen/break area.
Where is this office units located?
The property is located at 203-42 Business Centre Dr Miramar Beach, FL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 1425 SF professional 2nd‑floor office space in the Summit Office building in Miramar Beach, FL; NW corner 2nd‑floor unit with hard‑corner layout featuring three offices and a reception area; Currently 1/2 occupied by Hear Again America under a 5‑year lease
