Office Units with Private
42 Business Centre Drive, Miramar Beach, FL 32550
For Sale
$849,500
Commercial for Sale, Miramar Beach, FL
Property Size4,294 SF
Price / SF$197.83
Days on Market77
Property Features for 42 Business Centre Drive
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Taxes and HOA fees
Tax Description
Legal Description
Listing Agency:
Better Homes and Gardens Real Estate Coast Properties
(850) 200-0523
Listed By:
Bell Smith Team
(850) 502-0117
Added: Aug 28
Changed: Oct 1
Last Checked: Nov 12 at 7:06AM
MLS# 1010792
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,294-square-foot professional office configuration combines Units 106 and 112 into a coordinated workplace with two entrance doors. The layout includes 15 private offices, two large conference rooms, two kitchens, a private bathroom, work room, and storage rooms. Solid-wood built-in cabinetry provides integrated storage and finish detail throughout multiple areas of the suite.
Conference rooms measure 18.5'x15' and 18.5'x24', while private offices range from 7.5'x9' to 11'x13'. The HOA recently installed new AC units serving floors 1-3, supporting updated building mechanical equipment for the office environment. The property is located at 42 Business Centre Drive in Miramar Beach, Florida.
Conference rooms measure 18.5'x15' and 18.5'x24', while private offices range from 7.5'x9' to 11'x13'. The HOA recently installed new AC units serving floors 1-3, supporting updated building mechanical equipment for the office environment. The property is located at 42 Business Centre Drive in Miramar Beach, Florida.
Key Highlights
- 4,294 square feet of office space across Units 106 and 112
- 15 private offices ranging from 7.5'x9' to 11'x13'
- Two conference rooms measuring 18.5'x15' and 18.5'x24'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,104
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,080
$1.1M
Cap Rate 7%
$772,914
$772.9K
Cap Rate 9%
$601,156
$601.2K
Market Conditions
NOI Build-Up for 4,294 SF
Gross rent
$90.2K $21.00/SF
− Vacancy
−$18.0K −$4.20/SF
EGI
$72.1K $16.80/SF
− OpEx
−$18.0K −$4.20/SF
NOI
$54.1K $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%
$1,082,080
Cap Rate 7%
$772,914
Cap Rate 9%
$601,156
Alternative Uses
Best Use
Office B
$772.9K
$676.3K – $901.7K
NOI $54,104 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$944.9K – $1.26M
NOI $75,592 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
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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
$679,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Walton County, FL
Properties on Market for Office Units in Walton County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office suite with conference rooms, kitchens, work areas, storage, and dedicated entry points.
Where is this office unit located?
The property is located at 42 Business Centre Drive Miramar Beach, FL.
What is the asking price?
The asking price for this property is $849,500.
What are key features of this property?
This property features: 4,294 square feet of office space across Units 106 and 112; 15 private offices ranging from 7.5'x9' to 11'x13'; Two conference rooms measuring 18.5'x15' and 18.5'x24'
