Office Units with Private
For Sale
$849,500
42 Business Centre Drive UNIT 106, Miramar Beach, FL 32550
Configured with reception, conference, kitchen, restroom, workroom, and storage areas for professional operations.
Property Size4,294 SF
Price / SF$197.83
Days on Market50
Property Features for 42 Business Centre Drive UNIT 106
General Information
Standard status
Active
Size
4,294 SF
Class
Class A
Property subtype
COMMERCIAL
Amenities
reception area
conference rooms
kitchens
private bathroom
work room
storage rooms
built-in cabinets
two entrance doors
new AC units
Listing Agency:
Better Homes and Gardens Real Estate Coast Properties
Listed By:
Bell Smith Team
(850) 502-0117
Source:
Abbottmartingroup
Added: Aug 28
Changed: Oct 12
Last Checked: Oct 15 at 5:52AM
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 Better Homes and Gardens Real Estate Coast Properties
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Investment Insights
Based on property information with market context.
Located at 42 Business Centre Drive in Miramar Beach, this 4,294-square-foot office offering combines Units 106 and 112 behind two entrance doors. The layout includes a reception area with built-in cabinetry, 15 private offices, two conference rooms, two kitchens, a private bathroom, workroom, and storage rooms. Office sizes range from 7.5' x 9' to 11' x 13', while the conference rooms measure 18.5' x 15' and 18.5' x 24'.
Solid-wood built-in cabinets provide storage throughout many areas of the space. The HOA recently installed new AC units serving floors 1 through 3, adding updated building-system infrastructure to the office environment.
Solid-wood built-in cabinets provide storage throughout many areas of the space. The HOA recently installed new AC units serving floors 1 through 3, adding updated building-system infrastructure to the office environment.
Key Highlights
- 4,294 sq ft of office space across Units 106 and 112
- 15 private offices ranging from 7.5' x 9' to 11' x 13'
- Two conference rooms measuring 18.5' x 15' and 18.5' x 24'
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
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Configured with reception, conference, kitchen, restroom, workroom, and storage areas for professional operations.
Where is this office units located?
The property is located at 42 Business Centre Drive UNIT 106 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 sq ft of office space across Units 106 and 112; 15 private offices ranging from 7.5' x 9' to 11' x 13'; Two conference rooms measuring 18.5' x 15' and 18.5' x 24'
