4477 Legendary Dr Destin, FL 32541
This exceptional Class A office condo, located at 4477 Legendary Drive in Destin, Florida, presents a unique investment opportunity. Boasting approximately 10,000 square feet of net rentable space, this two-story building sits on a 0.35-acre lot and features a functional floor plan ideal for a variety of uses. The property includes a reception area, two conference rooms, seventeen individual offices, and two kitchens. The building, constructed in 1997, benefits from a new roof installed in 2021 and offers convenient amenities such as an elevator and reserved parking. Its prime location within Regatta Commons places it less than one mile from Destin Commons, providing easy access to shopping and amenities. The property's strategic location within Regatta Commons also offers proximity to the Destin Chamber of Commerce, various professional services, and Roane School. The property is divisible, with each of the two units offering approximately 5,000 square feet of space, providing flexibility for potential tenants or owners. The asking price is $2,695,000, translating to $269.50 per square foot. This property offers a compelling combination of location, amenities, and functionality, making it an attractive investment in the thriving Destin market. The property's Okaloosa County APN is 00-2S-22-2205-0000-0202. The zip code is 32541.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.