Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4458 Legendary Drive Destin, FL 32541

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,995,000

    Exceptional Class A office building in Destin, Florida for sale.

    Type:Commercial/Industrial
    Property size:
    22,676 SF
    Added:
    Mar 11, 2026
    Days on Market:
    22
    Last Refresh:
    Mar 27 at 12:10 am

    Property Features for 4458 Legendary Drive

    General Information

    Standard status
    Active
    Size
    22,676 SF
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    John Paul Somers
    John Paul Somers

    Listing agent John Paul Somers License #3210089

    Listing office Somers & Company

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Somers & Company

    Overview

    Class A Office Building

    Located at 4458 Legendary Drive in Destin, Florida, this Class A office building was constructed in 2008. The property is situated within Regatta Commons, a business community fronting Regatta Bay, a residential golf community. It also offers connectivity to the mixed-use district known as Destin Commons via a secondary thoroughfare. This three-story building contains 10 suites, totaling approximately 22,676 square feet of conditioned space. The property is an income-producing asset.
    Location Intelligence

    Current Use by Public Records

    Employee Benefit Solutions Insurance Agency Northwestern Mutual Financial Advisor Sunbelt Title Agency Title Company Work Law Firm Law Firm VDT Construction LLC Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Destin
    County
    Walton
    State
    Florida
    Longitude
    -86.4153
    Latitude
    30.3893

    Nearby Similar for Sale

    • $467,000
      1,825 SF

      Updated Townhome Near Gulf

      Turnkey townhome in Diamond Lakes, minutes from the Gulf.
      245 Diamond Cove, Destin, FL 32541
      View Details
    • $439,500
      1,825 SF

      Spacious Single-Level Home in Destin

      Centrally located three-bedroom home with modern upgrades and investment potential.
      4218 Jade Loop, Destin, FL 32541
      View Details
    • $3,740,200
      15,000 SF

      Destin Class A Office Building

      Fully leased Class A office building in Destin, Florida.
      4635 Gulfstarr Drive, Destin, FL 32541
      View Details
    • $669,000
      1,425 SF

      Destin Duplex on Large Lot

      Duplex in Destin, Florida with long-term tenants.
      619 Mimosa Avenue, Destin, FL 32541
      View Details
    • $30
      3,380 SF

      Emerald Coast Office/Retail Space

      1,086 SF office/retail space near Destin's attractions and beaches.
      36164 Emerald Coast Pkwy, Destin, FL 32541
      View Details
    • $1,100,000
      5,258 SF

      Harbor Blvd Commercial Office Buildings

      Two office buildings on 0.46 acres with parking.
      725 Harbor Blvd, Destin, FL
      View Details
    • $199,000

      Dry Storage Boat Slip in Destin

      Bottom level dry storage boat slip in Legendary Yacht Club.
      4601 Legendary Marina Drive unit: Ph 1 D-012, Destin, FL 32541
      View Details
    • $298,000

      Destin Marina Slip with Lift

      Marina slip with lift in East Pass Towers Marina.
      100 Gulf Shore Drive unit: Slip C-8, Destin, FL 32541
      View Details
    • $1,650,000
      31,363 SF

      Destin Mixed-Use Flex Building

      Mixed-use property with office, retail, showroom, and flex space.
      209 Main Street, Destin, FL 32541
      View Details
    • $160,000

      Destin Harbor Dock Slip

      Dock slip on Destin Harbor with water and power.
      770 Harbor Boulevard unit: C18, Destin, FL 32541
      View Details
    • $817,500
      4,314 SF

      4,029 SF Professional Office Space located on the West End of Destin For Sale

      Professional office space on the West End of Destin, Florida.
      150 Azalea Dr, Destin, FL 32541
      View Details
    • $110,000

      Legendary Marina Boat Slip in Destin

      Boat slip at Legendary Marina, 'The World's Luckiest Fishing Village'.
      4601 Legendary Marina Drive unit: A3-145, Destin, FL 32541
      View Details

    FAQs

    What type of property is this?
    Office building - Exceptional Class A office building in Destin, Florida for sale.
    Where is this office building located?
    The property is located at 4458 Legendary Drive Destin, FL.
    What is the asking price?
    The asking price for this property is $4,995,000.
    What are key features of this property?
    This property features: Class A office building built in 2008; Located in Regatta Commons, an elite business community; Proximity to Regatta Bay, a premier residential golf community
    (850) 654-7777
    We can help!
    Listing Contact
    John Paul Somers
    John Paul Somers
    Real Estate License ID: 3210089
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!