Class A Medical Office
For Sale
$3,399,500
4635 Gulfstarr Drive, Destin, FL 32541
Commercial for Sale, Destin, FL
Property SizeContact for details
Lot Size1.10 Acres
Days on Market563
Property Features for 4635 Gulfstarr Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From HWY 98, Turn South at the traffic light onto Regatta Bay Blvd. Take the 1st Left onto Gulfstarr Dr. & immediate Left into the Parking Lot. Property is located on the Corner of Gulfstarr Dr. & Regatta Bay Blvd. with frontage on HWY 98.
Subdivision
14 - Destin
Standard status
Active
APN
00-2S-22-2380-0000-0010
Lot size
1.10 Acres
Taxes and HOA fees
Tax Description
SUNSAIL PLAZA S/D LOT 1
Legal Description
SUNSAIL PLAZA S/D LOT 1
Listing Agency:
RE/MAX Coastal Properties · RE/MAX International
(850) 837-9900
Listed By:
Karen K Martineau · License #3096846
(850) 499-6930
Added: Feb 25, 2025
Changed: Sep 11
Last Checked: Sep 11 at 6:06PM
MLS# 969488
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.
Investment Insights
Based on property information with market context.
This two-story Class A office building provides approximately 15,000+ square feet of professional space designed for medical and office users. The property is fully leased and features high-quality finishes, architectural character, and a large marquee sign positioned for roadside exposure. An estimated 7.5% cap rate is supported by the current leasing profile.
The 1.1-acre corner site sits at a traffic signal along Hwy 98, where reported daily vehicle volume exceeds 60,000. Destin Commons, Whole Foods, restaurants, and other businesses are located less than one mile away. The existing month-to-month tenant may vacate a portion of the building if an owner-user configuration is desired.
The 1.1-acre corner site sits at a traffic signal along Hwy 98, where reported daily vehicle volume exceeds 60,000. Destin Commons, Whole Foods, restaurants, and other businesses are located less than one mile away. The existing month-to-month tenant may vacate a portion of the building if an owner-user configuration is desired.
Key Highlights
- Two‑story Class A medical and professional office building
- Approximately 15,000+ square feet of office space on 1.1 acres
- Fully leased with an estimated 7.5% cap rate
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,315
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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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 building - Two-story professional property on a signalized corner with prominent roadside signage.
Where is this office building located?
The property is located at 4635 Gulfstarr Drive Destin, FL.
What is the asking price?
The asking price for this property is $3,399,500.
What are key features of this property?
This property features: Two‑story Class A medical and professional office building; Approximately 15,000+ square feet of office space on 1.1 acres; Fully leased with an estimated 7.5% cap rate
