Second-Floor Office
4507 Furling Ln Destin, FL 32541
For Sale
Contact for pricing
Well-appointed second-floor office space with seven offices, reception, two restrooms, and a small kitchen.
Property Size2,300 SF
Price / SF$150
Days on Market400
Property Features for 4507 Furling Ln
General Information
Standard status
Active
Size
2,300 SF
Property subtype
OFFICE
Listing Agency:
Taylor Allen Properties LLC
(850) 865-9123
Listed By:
Brett D Stuart · License #678851
(850) 865-9123
Source:
Moodyscre
Added: Jun 25, 2025
Changed: Jul 25
Last Checked: Jul 29 at 12:19PM
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.
Very nicely appointed second-floor office space within the mixed-use condo known as THE PLAZA. The 2,300-square-foot space is configured from two units built out as one, providing seven offices plus a large reception area. The interior also includes two restrooms, a small kitchen area, and plenty of additional storage.
The property offers lots of on-site parking in the front and rear parking lots. Located in East Destin along Highway 98, it benefits from straightforward access and signage.
This offering is a fully built-out office layout designed to support daily operations, with multiple individual offices, a central reception area, and service amenities including restrooms and a small kitchen.
The property offers lots of on-site parking in the front and rear parking lots. Located in East Destin along Highway 98, it benefits from straightforward access and signage.
This offering is a fully built-out office layout designed to support daily operations, with multiple individual offices, a central reception area, and service amenities including restrooms and a small kitchen.
Key Highlights
- 2,300 SF second‑floor office space at THE PLAZA, configured from two units built out as one
- Includes seven offices plus a large reception area
- Two restrooms and a small kitchen area
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $21.00 |
| − Vacancy | −$9.7k | −$4.20 |
| EGI | $38.6k | $16.80 |
| − OpEx | −$9.7k | −$4.20 |
| NOI | $29.0k | $12.60 |
2,300 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$414.0K
$362.3K – $483.0K
NOI $28,980 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$578.4K
$506.1K – $674.8K
NOI $40,489 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Well-appointed second-floor office space with seven offices, reception, two restrooms, and a small kitchen.
Where is this office units located?
The property is located at 4507 Furling Ln Destin, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2,300 SF second‑floor office space at THE PLAZA, configured from two units built out as one; Includes seven offices plus a large reception area; Two restrooms and a small kitchen area
