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    4458 Legendary Dr Destin, FL 32541

    For Sale
    $4,950,000

    Class A Office, Multi-Tenant, High ROI

    Property size:
    22,676 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Class A office building, constructed in 2008, boasts 22,676 square feet across two stories. Located in Destin, Florida's Regatta Commons, this property offers 10 suites and a roster of credit-rated tenants, ensuring immediate income generation. Situated within the elite Regatta Commons commercial development, it fronts Regatta Bay, a premier residential golf community, and enjoys convenient access to the Destin Commons mixed-use district. The building's prime location, coupled with its high-quality construction and strong tenant base, presents a compelling investment opportunity with significant residual value in the thriving Destin market. The asking price is $4,950,000, translating to $218.29 per square foot. This multi-tenant property, identified by APN 00-2S-22-2101-0000-0160, is a single building located at 4458 Legendary Dr, Destin, FL 32541. Further details are available upon request.

    Property Features for 4458 Legendary Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    22,676 SF
    Class
    A

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    2

    HighLights

    • $4,950,000 asking price for a Class A office building.
    • 22,676 square feet, multi‑tenant, located in Destin, Florida.
    • $218.29 price per square foot.
    • Built in 2008, one 2‑story building.
    • Located in Regatta Commons, Destin, FL 32541, APN 00‑2S‑22‑2101‑0000‑0160.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Employee Benefit Solutions Insurance Agency Northwestern Mutual Financial Planner Sunbelt Title Agency Title Company Work Law Firm Real Estate Attorney VDT Construction LLC Construction Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Destin
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.415345757943
    Latitude
    30.389543004132

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, Multi-Tenant, High ROI
    Where is this office property / space located?
    The property is located at 4458 Legendary Dr Destin, FL.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: $4,950,000 asking price for a Class A office building.; 22,676 square feet, multi-tenant, located in Destin, Florida.; $218.29 price per square foot.
    Request Owner's contact information
    4458 Legendary Dr Destin, FL 32541
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    Destin, FL 32541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4458 Legendary Dr Destin, FL 32541
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