Technical
Financial
Distress signals
Property profile

348 Miracle Strip Pkwy Sw Ste 15a Fort Walton Beach, FL 32548

OFF-MARKET
Office buildings
Property ID
US18-3333581
2,200 SF 5.22 ac lot Built 1989
Entity Owned 19-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2,850 square foot single-tenant office space is situated in the prestigious Paradise Village Professional Park in Fort Walton Beach, Florida. Located on the second floor, this property boasts breathtaking views of the Santa Rosa Sound. The well-designed layout includes eight individual offices, providing ample space for a variety of business needs. Multiple meeting areas, both open and private, cater to collaborative work and confidential discussions. A comfortable break room and two restrooms add to the convenience. Generous balcony space offers an outdoor respite. The property is part of a vibrant complex with a diverse tenant mix, including healthcare, financial, real estate, spa, and defense services. Paradise Village Professional Park offers ample on-site parking and a picturesque canal with communal sitting areas. Its prime location provides easy access to major transportation routes and key regional destinations. The property is conveniently located just five miles from Hurlburt Field, nine miles from Eglin AFB, and eleven miles from Destin-Fort Walton Beach Airport (VPS). This is a truly remarkable opportunity to secure a high-quality office space in a desirable location. The address is 348 Miracle Strip Pkwy SW, Fort Walton Beach, FL 32548, within the Crestview-Fort Walton-Destin submarket cluster of Okaloosa County.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction FRAME
Total area 2,200 SF
Lot 5.22 ac (227,595 SF)
APN 23-2S-24-506A-0000-0140
UPID US18-3333581

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Corporate Office Business Park
  • Loan Service Bank
  • Loan Service Bank

Location

348 Miracle Strip Pkwy Sw Ste 15a Fort Walton Beach, FL 32548-5258
Fort Walton Beach metro Census 22700 CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2007
3 recorded transactions
2007
$1.7M
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 348 Miracle Strip Pkwy Sw Ste 15a?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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