Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Miramar Beach Warehouse Opportunity Title is generated by Realmo AI

    220 Business Centre Dr, Miramar Beach, FL 32550

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Freestanding 6,000 SF warehouse in South Walton County, Florida.

    Type:Industrial
    Property size:
    6,000 SF
    Price / SF:
    $315/SF
    Added:
    Aug 2, 2025
    Days on Market:
    286
    Last Refresh:
    Mar 20 at 8:29 pm

    Property Features for 220 Business Centre Dr

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2018

    We can help!

    Listing Contact
    John Paul Somers
    John Paul Somers

    Listing agent John Paul Somers License #FL 3210089

    Listing office Somers & Company

    Listing date Aug 2, 2025

    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 Somers & Company

    HighLights

    • Prime location in Destin (Miramar Beach), South Walton County, Florida.
    • Exceptional logistical service to all sub‑markets (East, West, and North).
    • Newly constructed in 2018.
    • Approximately 6,000 square foot freestanding commercial building.
    • Perfect warehousing solution.
    • Limited like‑kind supply in the Destin, Miramar Beach, Santa Rosa Beach, and South Walton County market.

    Overview

    This is a 6,000 square foot freestanding commercial building constructed in 2018, located in Destin (Miramar Beach) of South Walton County, Florida. The property is positioned to service sub-markets to the East, West, and North. It is suitable as a warehousing solution in the Destin, Miramar Beach, Santa Rosa Beach, and South Walton County market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • My Elderly Solutions — 1096 Scenic Gulf Dr, Miramar Beach, FL 32550
    • Avid Storage — 11926 US-98, Miramar Beach, FL 32550
    • Miramar Mini Storage — 292S214200000600A0, Miramar Beach, FL 32550
    • Ecco Motors Golf Cart Service and Rentals — RENTALS: 147, Professional Pl, Miramar Beach, FL 32550

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3791872
    Latitude
    30.3843861

    Nearby Similar for Sale

    • $550,000
      1,413 SF

      Miramar Beach Multifamily Property

      Multifamily property in Miramar Beach, Florida, totaling 1,413 square feet.
      5163 Beachwalk Drive, Miramar Beach, FL 32550
      View Details
    • $298,500

      Miramar Beach RV Resort Lot

      RV resort lot with rental income potential near the beach.
      362 Miramar Beach Drive, Miramar Beach, FL 32550
      View Details
    • $849,000
      3,722 SF

      Miramar Beach Professional Office Space

      Move-in ready office space in The Summit building.
      42 Business Centre Dr, Miramar Beach, FL
      View Details
    • $3,995,000
      6,695 SF

      Freestanding Retail Building on Highway

      Retail building with showroom, warehouse, offices, and loading dock.
      12170 US-98, Miramar Beach, FL 32550
      View Details
    • $4,300,000

      Modern Office Building For Sale

      18,029 SF office building in prime Gulf Coast location.
      13331 Emerald Coast Parkway, Miramar Beach, FL 32550
      View Details
    • $7,950,000
      38,175 SF

      Prime Retail, Showroom, and Warehouse

      Rare assemblage of retail, showroom, and warehouse space for sale.
      12244 US Hwy 98 W, Miramar Beach, FL
      View Details
    • $7,900,000
      2,600 SF

      Retail Center in Miramar Beach

      28,000 SF retail center, fully leased, high-traffic location.
      11275 Emerald Coast Pkwy, Miramar Beach, FL
      View Details
    • $1,549,500
      7,254 SF

      Miramar Beach Retail Condominium

      7,254 SF retail condominium in Miramar Plaza for sale.
      12889 Hwy 98 W, Miramar Beach, FL 32550
      View Details
    • $415,000

      Retail/Office Space with Highway Visibility

      Highly visible retail/office space with easy access and parking.
      12273 Us-98 #202, Miramar Beach, FL 32550
      View Details
    • $525,000

      Miramar Beach Mixed-Use Commercial Space

      1,054 SF commercial unit in high-traffic Miramar Beach location.
      180 Poinciana Boulevard #Suite 2, Miramar Beach, FL 32550
      View Details
    • $500,000

      Golf Cart Business Opportunity

      Full-service golf cart dealer within Sandestin Golf and Beach Resort.
      100 Administration Drive, Miramar Beach, FL 32550
      View Details
    • $415,000
      1,392 SF

      Retail/Office Space on Highway 98

      Highly visible retail/office space with easy access and parking.
      12273 Us-98 #202, Miramar Beach, FL 32550
      View Details

    FAQs

    What type of property is this?
    Warehouse - Freestanding 6,000 SF warehouse in South Walton County, Florida.
    Where is this warehouse located?
    The property is located at 220 Business Centre Dr Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $1,895,000.
    What are key features of this property?
    This property features: Prime location in Destin (Miramar Beach), South Walton County, Florida.; Exceptional logistical service to all sub‑markets (East, West, and North).; Newly constructed in 2018.
    (850) 654-7777 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Paul Somers
    John Paul Somers
    Real Estate License ID: FL 3210089
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    220 Business Centre Dr, Miramar Beach, FL 32550
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!