Miramar Beach Professional Office
42 Business Centre Dr, Miramar Beach, FL
Call to check price and availability
Move-in ready office space in The Summit building.
Type:OFFICE
Property size:
3,722 SFLot size:
2.52 AcresPrice / SF:
$228/SF- Added:
- Nov 11, 2025
- Days on Market:
- 188
- Last Refresh:
- Apr 5 at 8:07 pm
Property Features for 42 Business Centre Dr
General Information
- Standard status
- Active
- Size
- 3,722 SF
- Lot size
- 2.52 Acres
- Property subtype
- OFFICE
Listing agent Brett D Stuart License #678851 (850) 865-9123
Listing office Taylor Allen Properties LLC (850) 865-9123
Listing date Nov 11, 2025
Source Moodyscre
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
HighLights
- Move‑in ready 3,022 SF office space.
- Located in The Summit building in Miramar Beach.
- Features a reception area, conference room, 11 offices, open workspace, storage, and kitchen/break area.
- Floor‑to‑ceiling windows in most offices.
- Current lease provides income: 725 SF leased to Hear Again America until December 2029.
- Located on the 2nd floor, just off the elevator.
Overview
Located on the second floor of The Summit building in Miramar Beach, this professional office space offers 3,022 square feet of available area. The space is situated just off the elevator on the south side of the building and features floor-to-ceiling windows in most of the 11 offices. The layout includes a reception area, a conference room, an open workspace with ample storage, and a kitchen/break area. A 725-square-foot portion of the suite is currently leased to Hear Again America, with a lease expiring in December 2029.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$521.1K
NOI $46,897 @ 9.00% cap · cautious / downside scenario
Moderate
$670.0K
NOI $46,897 @ 7.00% cap · market / base-case scenario
Aggressive
$937.9K
NOI $46,897 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.2k | $21.00 |
| − Vacancy | −$15.6k | −$4.20 |
| EGI | $62.5k | $16.80 |
| − OpEx | −$15.6k | −$4.20 |
| NOI | $46.9k | $12.60 |
3,722 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$670.0K
$586.2K – $781.6K
NOI $46,897 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$936.0K
$819.0K – $1.09M
NOI $65,522 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Miramar Beach
- County
- Walton
- State
- Florida
- Longitude
- -86.3792
- Latitude
- 30.3844
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Move-in ready office space in The Summit building.
Where is this office units located?
The property is located at 42 Business Centre Dr Miramar Beach, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Move‑in ready 3,022 SF office space.; Located in The Summit building in Miramar Beach.; Features a reception area, conference room, 11 offices, open workspace, storage, and kitchen/break area.
