1001 Airport Rd Destin, FL 32541
- Commercial real estate
- 6,634 SF
- 213.03 lot acres
Current Use by Public Records
- Destin Executive Airport (DTS) / Airport
- Vertol Systems Co / Aircraft Maintenance Company
- Leading Edge / Car Detailing Service / Airplane
- Destin Jeep Rentals / Car Rental Agency / Tourist Attraction
- Go Rentals / Car Rental Agency
Property Details for 1001 Airport Rd
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 213.03 lot acres
- Property size
- 6,634 SF
- Property type
- Commercial real estate
- APN
- 00-2S-22-0000-0007-0000
- APU
- 002S22000000070000
Description
Exceptional investment opportunity awaits at the Destin Executive Airport (DTS) in Destin, Florida. This prime hangar space, identified by APN 00-2S-22-0000-0007-0000, is offered at an attractive asking price of $595,000. The hangar boasts a 15-foot ceiling height and features convenient access to the taxiway and the FBO, allowing for easy utilization of various aviation services. The metal building includes manual swing doors with a 50-foot opening width and a depth of 45 feet. Its end-cap location provides optimal accessibility. The associated ground lease has an approximate remaining term of nine years, expiring on May 31, 2033. This presents a unique chance to acquire a well-positioned hangar in a highly desirable location within the thriving Destin, Florida market (zip code 32541). The property is located at 1001 Airport Road 8-107. This offering is exceptionally rare, representing a price-effective entry point into the Destin Executive Airport's hangar market. Serious inquiries are encouraged to schedule a viewing and explore this compelling investment opportunity further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $280,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $295,000
- Mixed-Use
- $235,000
- Hospitality
- $245,000
- Educational
- $250,000
- Residential Income
- $280,000
- Energy
- $275,000
- Income-Based Land
- $265,000
- Food Service
- $230,000
Location Insight
- Map
- Local Demand
- City
- Destin
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.4726
- Latitude
- 30.4009
- CBSA code
- 18880
- CBSA name
- CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA
