Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Miramar Beach Professional Office Space Title is generated by Realmo AI

    42 Business Centre Drive #206, Miramar Beach, FL 32550

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,809 /Mo

    Professional office space in Miramar Beach, utilities included.

    Type:Commercial
    Added:
    Jan 27, 2026
    Days on Market:
    111
    Last Refresh:
    Apr 5 at 11:26 pm

    Property Features for 42 Business Centre Drive #206

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    BRETT D STUART
    BRETT D STUART

    Listing agent BRETT D STUART License #678851

    Listing office TAYLOR ALLEN PROPERTIES LLC

    Listing date Jan 27, 2026

    Source Corcoran

    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

    • All utilities included in monthly rate.
    • Professional office space in the Summit Office building.
    • Includes reception area, conference room, and 3 executive offices.
    • Located just off the elevator on the 2nd floor.
    • Floor to ceiling windows in some offices.
    • Adjacent space available for lease.

    Overview

    This professional office space is located on the second floor of the Summit Office building in Miramar Beach, Florida. Situated just off the elevator, the unit features a reception area, a conference room, and three executive offices. Several offices benefit from floor-to-ceiling windows. The lease structure includes a base rent of $25 per square foot, plus association dues of $14.80 per square foot, totaling $2809 per month. All utilities are included in this monthly rate. Additional adjacent space is also available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3791872
    Latitude
    30.3843861

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Grand Boulevard

      495 Grand Blvd, Unit 206, Miramar Beach, FL 32550
      View Details
    • $7,500/Mo
      1,050-1,075 SF

      Beachside Retail/Office Space For Lease

      Prime retail/office space across from Miramar Beach. High-visibility frontage.
      1688 Scenic Gulf Dr Miramar Bch # FL, Miramar Beach, FL 32550
      View Details
    • $2,850/Mo
      2,156 SF

      Miramar Beach Quality Office Space

      Office space in Miramar Beach with highway access and parking.
      12889 EMERALD COAST PARKWAY #110-A, Miramar Beach, FL 32550
      View Details
    • $34 SF/Yr
      4,988 SF

      Miramar Beach Retail/Office Space

      Retail or office space in Miramar Beach with high visibility.
      45 S Shore Dr, Miramar Beach, FL
      View Details
    • $18 SF/Yr
      2,600 SF

      Miramar Beach Flex Space Sublease

      Flex space sublease in Miramar Beach, right off Highway 98.
      80 South Geronimo Street, Unit 1, Miramar Beach, FL 32550
      View Details
    • $8,763/Mo

      Miramar Beach Professional Office Space

      Professional office space in Miramar Beach, utilities included.
      42 Business Centre Drive #203-206, Miramar Beach, FL 32550
      View Details
    • $8,763/Mo

      Professional Office Space For Rent

      Office space available on the second floor of professional building.
      42 Business Centre Drive 203-206, Miramar Beach, FL 32550
      View Details
    • $5,130/Mo

      Miramar Beach Professional Office Space

      Professional office space in Miramar Beach, utilities included.
      42 Business Centre Drive #205-206, Miramar Beach, FL 32550
      View Details
    • Contact for pricing
      3,473 SF

      Prime Commercial Property Near Beach

      Highly visible commercial property near Silver Sands Premium Outlets.
      30 S Shore Dr, Miramar Beach, FL
      View Details
    • $800/Mo

      100 - 3,910 SF Class A Office Space For Lease in Miramar Beach (Suite 201)

      Class A office space in Miramar Beach, Florida, with flexible terms.
      12598 US Highway 98 W, Miramar Beach, FL 32550
      View Details
    • $3,958/Mo

      Retail Space on Emerald Coast

      Retail space with high visibility and traffic count available for rent.
      11275 Emerald Coast Parkway #6, Miramar Beach, FL 32550
      View Details
    • $2,800/Mo
      1,400 SF

      Retail Space in Miramar Beach

      1400 SF retail space in high-traffic Miramar Beach complex.
      12889 Emerald Coast Parkway #108A, Miramar Beach, FL 32550
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office space in Miramar Beach, utilities included.
    Where is this office units located?
    The property is located at 42 Business Centre Drive #206 Miramar Beach, FL.
    What is the lease rate?
    The lease rate is $2,809 /Mo.
    What are key features of this property?
    This property features: All utilities included in monthly rate.; Professional office space in the Summit Office building.; Includes reception area, conference room, and 3 executive offices.
    (850) 259-2894
    We can help!
    Listing Contact
    BRETT D STUART
    BRETT D STUART
    Real Estate License ID: 678851
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    42 Business Centre Drive #206, Miramar Beach, FL 32550
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!