Harbor Blvd Commercial Office
725 Harbor Blvd, Destin, FL
Call to check price and availability
Two office buildings on 0.46 acres with parking.
Type:OFFICE
Property size:
5,258 SFLot size:
0.46 AcresPrice / SF:
$209/SF- Added:
- Nov 25, 2025
- Days on Market:
- 173
- Last Refresh:
- Apr 5 at 10:27 pm
Property Features for 725 Harbor Blvd
General Information
- Standard status
- Active
- Size
- 5,258 SF
- Lot size
- 0.46 Acres
- Property subtype
- OFFICE
Listing agent J. David Hays (850) 714-4499
Listing office RE/MAX Coastal Properties (850) 714-4499
Listing date Nov 25, 2025
Source Moodyscre
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 RE/MAX Coastal Properties
HighLights
- Highly desirable commercial location on Harbor Blvd, Destin, Florida.
- Two office buildings on a .46 acre lot.
- Building 725 has two floors (approx. 3202 SF) and Building 727 is a single level (approx. 2056 SF).
- Front and rear parking available.
- Convenient driveway access opening to Harbor Blvd.
- Proximity to the Harbor, Bay, Publix (5 blocks), and HarborWalk (7 blocks).
Overview
This commercial property is located on Harbor Blvd in Destin, Florida, and comprises 0.46 acres. It features two office buildings with front and rear parking. Building 725 has two floors totaling approximately 3202 square feet, while building 727 is a single-level structure with approximately 2056 square feet. A driveway provides access to the property from Harbor Blvd, offering convenient parking for the office buildings. The property is situated near the Harbor and Bay. A 61,000 square foot Publix grocery store is located less than five blocks east of the property. The main entrance to Destin’s HarborWalk is approximately seven blocks to the west, positioning the property to benefit from both foot and automobile traffic.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$736.1K
NOI $66,251 @ 9.00% cap · cautious / downside scenario
Moderate
$946.4K
NOI $66,251 @ 7.00% cap · market / base-case scenario
Aggressive
$1.33M
NOI $66,251 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.4k | $21.00 |
| − Vacancy | −$22.1k | −$4.20 |
| EGI | $88.3k | $16.80 |
| − OpEx | −$22.1k | −$4.20 |
| NOI | $66.3k | $12.60 |
5,258 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$946.4K
$828.1K – $1.10M
NOI $66,251 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,562 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Homestar Financial Corporation
Loan Service
Ed and Terri Smith ...
Real Estate Agency
The Chris Carter Team
Real Estate Agency
Martineau Karen
Real Estate Agency
Lyndon E. Clifton, ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Destin
- County
- Walton
- State
- Florida
- Longitude
- -86.4883
- Latitude
- 30.391
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two office buildings on 0.46 acres with parking.
Where is this office building located?
The property is located at 725 Harbor Blvd Destin, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Highly desirable commercial location on Harbor Blvd, Destin, Florida.; Two office buildings on a .46 acre lot.; Building 725 has two floors (approx. 3202 SF) and Building 727 is a single level (approx. 2056 SF).
