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    4447 Commons Dr Destin, FL 32541

    For Lease
    Contact for pricing

    Destin Retail Center: High-Traffic Location, Flexible Space

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Located in Okaloosa County, Florida, the Shoppes at Paradise Key offers prime retail space on US Highway 98, at the main intersection of Destin's primary shopping district. This single-story shopping center boasts a high-profile tenant mix including nationally recognized brands such as Publix, Old Navy, Bed Bath & Beyond, Ross, and The Men's Warehouse, along with a variety of boutiques and restaurants. The property offers flexible space options, with a minimum divisible space of 900 square feet and a maximum contiguous space of 30,000 square feet, making it suitable for a range of retail businesses. Benefit from the exceptional visibility and high traffic volume of this location, averaging nearly 78,000 vehicles daily. The Shoppes at Paradise Key is situated at a key entry point to Florida's Emerald Coast, attracting approximately 5 million annual tourists. The immediate trade area also enjoys a strong average household income exceeding $106,000, providing a robust consumer base. This is a unique opportunity to establish a presence in one of Destin's most successful retail centers. Multiple tenancy options are available.

    Property Features for 4447 Commons Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Space AOC
    Size
    1,000 SF

    HighLights

    • Retail shopping center in Okaloosa County.
    • One available space ranging from 900 to 30,000 square feet.
    • Located on US Highway 98 at a major intersection in Destin's primary retail district, boasting nearly 78,000 average daily traffic.
    • Anchored by high‑profile national tenants including Publix, Old Navy, Bed Bath & Beyond, and Ross.
    • Strong demographics with over $106,000 average household income in the immediate trade area and nearly 5 million annual tourists in the Destin market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Thai Basil Destin Thai Restaurant Engel & Völkers Destin Real Estate Agency Destin Homes Real Estate Agency Christine von dem ... Real Estate Agent Eric Howell - Real ... Real Estate Consultant

    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
    -86.427894188552
    Latitude
    30.391552416738

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    FAQs

    What type of property is this?
    Lifestyle center - Destin Retail Center: High-Traffic Location, Flexible Space
    Where is this lifestyle center located?
    The property is located at 4447 Commons Dr Destin, FL.
    What are key features of this property?
    This property features: Retail shopping center in Okaloosa County.; One available space ranging from 900 to 30,000 square feet.; Located on US Highway 98 at a major intersection in Destin's primary retail district, boasting nearly 78,000 average daily traffic.
    Request Owner's contact information
    4447 Commons Dr 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
    4447 Commons Dr Destin, FL 32541
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