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Property profile & analytics
OFF-MARKET
Commercial real estate

150 Azalea Dr Unit Destin, FL 32541

Property ID
Property summary
AI-generated overview

This exceptional 799,000 USD commercial property, situated at 150 Azalea Drive Unit Ste. A in Destin, Florida, presents a unique opportunity for businesses seeking a move-in ready office space. Located on the ground floor of a well-maintained building, this meticulously designed suite boasts a sophisticated interior. The current tenant, a local engineering firm, is vacating upon sale, leaving behind a high-quality build-out ready for immediate occupancy. Features include beautiful flooring, impressive 12-foot ceilings, and elegant trim work throughout. The space is thoughtfully configured with a spacious reception area, multiple executive offices, ample workspace to accommodate a team, a substantial 12-person conference table, and four restrooms – one conveniently equipped with a shower. Additional storage, a fully functional kitchen, and a private outdoor patio area enhance the functionality and appeal of this property. The seller is generously offering a significant portion of the existing furniture, minimizing the transition costs for the new owner. The building is part of a homeowner's association responsible for maintaining the exterior common areas, with quarterly dues set at 300 USD. This prime west Destin location offers easy access to local amenities and provides a professional image for any business. This is a rare opportunity to acquire a turnkey commercial space in a highly desirable area.

Property profile
Verified
Property type Commercial real estate
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Neptone Recording Studio Recording Studio
  • BE-CI Destin Building Consultant
  • RCI Northern Gulf Coast Chapter Charitable Organization Social Service Agency
  • Sound Production Inc Professional Services
  • Signs Scene LLC (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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