For Sale
Contact for pricing
12889 Emerald Coast Parkway Ste 108-109B, Miramar Beach, FL 32550
Retail space
Property Size10,000 SF
Price / SF$179
Days on Market1355
Property Features for 12889 Emerald Coast Parkway Ste 108-109B
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Graham & Company Gulf Coast
Listed By:
Jason Carnes · License #FLBO
(850) 830-6593
Source:
Crexi
Added: Jan 28, 2023
Changed: Oct 4
Last Checked: Oct 12 at 5:13PM
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 Graham & Company Gulf Coast
Investment Insights
Based on property information with market context.
Key Highlights
- Good visibility on Hwy 98
- Well positioned in Miramar Beach between Destin and Sandestin
- Unique opportunity to lease or own
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,290
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,305,800
$2.3M
Cap Rate 7%
$1,647,000
$1.6M
Cap Rate 9%
$1,281,000
$1.3M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$180.0K $18.00/SF
− Vacancy
−$15.3K −$1.53/SF
EGI
$164.7K $16.47/SF
− OpEx
−$49.4K −$4.94/SF
NOI
$115.3K $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 Rate 5%
$2,305,800
Cap Rate 7%
$1,647,000
Cap Rate 9%
$1,281,000
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,290 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $176,040 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 55%
Shops & Services 21%
Dining 14%
Hotels & Casinos 10%
DICK'S Sporting Goods
Apparel
29,032 visits/mo
0.4 miles
Dollar Tree
Shops & Services
14,501 visits/mo
0.3 miles
Bealls Florida
Apparel
13,801 visits/mo
0.5 miles
Joe's Crab Shack
Dining
4,951 visits/mo
0.1 miles
Bubba Gump Shrimp Co.
Dining
4,317 visits/mo
0.1 miles
Demographics for 32550, FL
7,828
Population
14,909
Households
0.5
Avg Household Size
58
Median Age
55%
College-Educated
98%
High-School Grad
7.0 sq mi
ZIP Area
1,118
Density / Sq Mi
$96,269
Median Household Income
$60,634
Median Earnings
$2,108
Median Rent
$679,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this retail space located?
The property is located at 12889 Emerald Coast Parkway Ste 108-109B Miramar Beach, FL.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Good visibility on Hwy 98; Well positioned in Miramar Beach between Destin and Sandestin; Unique opportunity to lease or own
