Two-Level Storefront
For Sale
$345,000
7-127 Harbor Blvd, Destin, FL 32541
Separate upper and lower spaces offer flexible room for an owner-user or future leasing.
Property Size1,600 SF
Price / SF$215.63
Days on Market10
Property Features for 7-127 Harbor Blvd
General Information
Standard status
Active
Size
1,600 SF
Building Details
Stories
2
Listing Agency:
exp realty llc
(888) 883-8509
Listed By:
Abbott Martin Group · License #TEEX41
(850) 460-2900
Source:
Exprealty
Added: Sep 2
Changed: Sep 10
Last Checked: Sep 10 at 3:08PM
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 exp realty llc
Investment Insights
Based on property information with market context.
This storefront property comprises two 800 SF commercial spaces conveyed together for a combined 1,600 SF. The units are arranged on separate upstairs and downstairs levels, creating distinct areas for business operations, occupancy, or leasing. The property is currently owner-occupied, with no tenant leases in place, allowing a new owner to take possession without an existing lease commitment.
Positioned at 7-127 Harbor Blvd in Destin, the property provides access to the surrounding commercial corridor. Its two-space configuration supports an owner-user requiring separate work areas or a purchaser evaluating individual occupancy arrangements for each unit. The property information identifies potential retail and professional applications, subject to independent verification of permitted uses and square footage.
Positioned at 7-127 Harbor Blvd in Destin, the property provides access to the surrounding commercial corridor. Its two-space configuration supports an owner-user requiring separate work areas or a purchaser evaluating individual occupancy arrangements for each unit. The property information identifies potential retail and professional applications, subject to independent verification of permitted uses and square footage.
Key Highlights
- Two 800 SF spaces totaling 1,600 SF
- Separate upstairs and downstairs commercial spaces
- Currently owner‑occupied with no tenant leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,920
$368.9K
Cap Rate 7%
$263,514
$263.5K
Cap Rate 9%
$204,956
$205.0K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$28.8K $18.00/SF
− Vacancy
−$2.4K −$1.53/SF
EGI
$26.4K $16.47/SF
− OpEx
−$7.9K −$4.94/SF
NOI
$18.4K $11.53/SF
Area
Walton County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$368,920
Cap Rate 7%
$263,514
Cap Rate 9%
$204,956
Alternative Uses
Best Use
Retail
$263.5K
$230.6K – $307.4K
NOI $18,446 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$402.4K
$352.1K – $469.4K
NOI $28,166 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 97%
Home Improvements & Furnishings 3%
Whataburger
Dining
21,055 visits/mo
0.1 miles
Moe's Original Bar B Que
Dining
790 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
627 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Separate upper and lower spaces offer flexible room for an owner-user or future leasing.
Where is this storefront property located?
The property is located at 7-127 Harbor Blvd 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: Two 800 SF spaces totaling 1,600 SF; Separate upstairs and downstairs commercial spaces; Currently owner‑occupied with no tenant leases in place
