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    1200 Scenic Gulf Dr Miramar Beach, FL 32550

    For Sale
    $4,590,000

    Prime Miramar Beach retail, Gulf views.

    Property size:
    7,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 7,125 square foot retail space at 1200 Scenic Gulf Drive in Miramar Beach, Florida (Walton County, zip code 32550) is offered for sale at $4,590,000. Located within the Seascape Resort community, this ground floor property boasts stunning direct views of the Gulf of Mexico. Currently operating at 100% occupancy with a gross lease in place, the property generates over $192,000 in annual rent. The existing tenant occupies 6,255 square feet, paying $18 per square foot. An additional 870 square feet is occupied by Kilwins, a national franchise, under a new lease. Built in 1974, this multi-tenant property presents a significant opportunity for investors seeking a strong return. The property offers a 5.00% cap rate and has a remaining lease term of two years. The seller is open to various transition scenarios, including a short-term leaseback, immediate vacancy, or even assisting with the sale of existing merchandise and staff training. This exceptional location is ideal for a variety of retail uses. Note that the lot size is 0 square feet. This listing is also available as part of a larger package deal including two additional properties.

    Property Features for 1200 Scenic Gulf Dr

    General Information

    Property type
    Retail properties
    Square Feet
    7,125 SF

    Building Details

    Year Built
    1974

    HighLights

    • 7,125 SF retail space in Miramar Beach, FL (Walton County, 32550) for sale at $4,590,000.
    • Ground floor space in Seascape Resort with direct Gulf of Mexico views.
    • 100% occupancy with $192,000+ annual rent from a gross lease.
    • 6,255 SF leased at $18/SF; 870 SF leased to Kilwins.
    • 5.00% cap rate, two‑year lease remaining; seller offers flexible transition options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Realty agency Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3678494
    Latitude
    30.3758478

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    FAQs

    What type of property is this?
    Retail property - Prime Miramar Beach retail, Gulf views.
    Where is this retail property located?
    The property is located at 1200 Scenic Gulf Dr Miramar Beach, FL.
    What is the asking price?
    The asking price for this property is $4,590,000.
    What are key features of this property?
    This property features: 7,125 SF retail space in Miramar Beach, FL (Walton County, 32550) for sale at $4,590,000.; Ground floor space in Seascape Resort with direct Gulf of Mexico views.; 100% occupancy with $192,000+ annual rent from a gross lease.
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    1200 Scenic Gulf Dr Miramar Beach, FL 32550
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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
    1200 Scenic Gulf Dr Miramar Beach, FL 32550
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