Second-Floor Office
For Sale
$335,000
4507 Furling Lane, Destin, FL 32541
Commercial for Sale, Destin, FL
Property Size2,300 SF
Price / SF$145.65
Days on Market497
Property Features for 4507 Furling Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From the intersection of Highway 98 & 293, travel east. The Plaza will be on the northside of Highway 98.
Subdivision
14 - Destin
Standard status
Active
APN
00-2S-22-2057-0000-2050; 00-2S-22-2057-0000-2060
Taxes and HOA fees
Tax Description
The Plaza Units 205 & 206
Legal Description
The Plaza Units 205 & 206
Listing Agency:
Taylor Allen Properties LLC
(850) 259-2894
Listed By:
Brett D Stuart · License #678851
(850) 865-9123
Added: Jun 25, 2025
Changed: Oct 1
Last Checked: Nov 3 at 8:06AM
MLS# 979561
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located on the second floor of the mixed-use condominium known as THE PLAZA, this office property combines two units into a single 2,300-square-foot workspace. The layout includes seven offices, a substantial reception area, two restrooms, a compact kitchen, and additional storage, providing a practical configuration for professional operations.
The property is in East Destin along Highway 98, with access from the corridor and signage serving the office location. Parking is available in both the front and rear lots, adding convenience for occupants and visitors.
The property is in East Destin along Highway 98, with access from the corridor and signage serving the office location. Parking is available in both the front and rear lots, adding convenience for occupants and visitors.
Key Highlights
- 2,300 SF office configuration combining two units
- Seven private offices with a large reception area
- Two restrooms, small kitchen, and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,705
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,100
$594.1K
Cap Rate 7%
$424,357
$424.4K
Cap Rate 9%
$330,056
$330.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$48.3K $21.00/SF
− Vacancy
−$8.7K −$3.78/SF
EGI
$39.6K $17.22/SF
− OpEx
−$9.9K −$4.31/SF
NOI
$29.7K $12.92/SF
Area
Okaloosa County, FL
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,100
Cap Rate 7%
$424,357
Cap Rate 9%
$330,056
Alternative Uses
Best Use
Office B
$424.4K
$371.3K – $495.1K
NOI $29,705 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$886.3K
$775.6K – $1.03M
NOI $62,044 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
Explore this area
Business Placement
Demographics for 32541, FL
18,419
Population
16,390
Households
1.1
Avg Household Size
45
Median Age
48%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
1,462
Density / Sq Mi
$93,004
Median Household Income
$47,991
Median Earnings
$1,976
Median Rent
$498,600
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 unit - Configured professional workspace within a mixed-use condominium, with private offices, reception, support areas, and on-site parking.
Where is this office unit located?
The property is located at 4507 Furling Lane Destin, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 2,300 SF office configuration combining two units; Seven private offices with a large reception area; Two restrooms, small kitchen, and additional storage
