Second-Floor Office
For Sale
$219,000
42 Business Centre Dr Unit 206, Miramar Beach, FL 32550
Office configuration includes private executive rooms, a conference area, reception space, and elevator-adjacent access.
Property Size847 SF
Price / SF$258.56
Days on Market68
Property Features for 42 Business Centre Dr Unit 206
General Information
Standard status
Active
Size
847 SF
Elevators
Yes
Additional Details
Floor
2nd Floor
Amenities
common area restrooms
Listing Agency:
Taylor Allen Properties LLC
Listed By:
Brett D Stuart · License #678851
(850) 865-9123
Source:
Kimandcompany
Added: Aug 7
Changed: Oct 11
Last Checked: Oct 7 at 2:26PM
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
Investment Insights
Based on property information with market context.
This 847-square-foot office unit occupies the second floor of the Summit Office building and is positioned near the elevator. The layout includes a reception area, conference room, and three executive offices. Several offices feature floor-to-ceiling windows, providing substantial natural light within the workspace. Common-area restrooms are available on each floor, and the building includes on-site parking. The property is located at 42 Business Centre Dr Unit 206 in Miramar Beach, Florida.
Key Highlights
- 847 SF second‑floor office unit
- Reception area, conference room, and 3 executive offices
- Several offices feature floor‑to‑ceiling windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,672
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,440
$213.4K
Cap Rate 7%
$152,457
$152.5K
Cap Rate 9%
$118,578
$118.6K
Market Conditions
NOI Build-Up for 847 SF
Gross rent
$17.8K $21.00/SF
− Vacancy
−$3.6K −$4.20/SF
EGI
$14.2K $16.80/SF
− OpEx
−$3.6K −$4.20/SF
NOI
$10.7K $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%
$213,440
Cap Rate 7%
$152,457
Cap Rate 9%
$118,578
Alternative Uses
Best Use
Office B
$152.5K
$133.4K – $177.9K
NOI $10,672 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$213.0K
$186.4K – $248.5K
NOI $14,911 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office configuration includes private executive rooms, a conference area, reception space, and elevator-adjacent access.
Where is this office units located?
The property is located at 42 Business Centre Dr Unit 206 Miramar Beach, FL.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 847 SF second‑floor office unit; Reception area, conference room, and 3 executive offices; Several offices feature floor‑to‑ceiling windows
