Property profile

4447 Commons Dr Destin, FL 32541

OFF-MARKET
Lifestyle centers
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Property summary

AI-generated overview

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 profile

Verified
Property type Lifestyle centers

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

4447 Commons Dr Destin, FL 32541
Destin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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