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 Features for 203-42 Business Centre Dr
General Information
- Standard status
- Active
- Size
- 1,425 SF
Listing office Taylor Allen Properties LLC (850) 865-9123
Listing date Jun 19, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.9k | $21.00 |
| − Vacancy | −$6.0k | −$4.20 |
| EGI | $23.9k | $16.80 |
| − OpEx | −$6.0k | −$4.20 |
| NOI | $18.0k | $12.60 |
