Financial
Distress signals
Property profile

35008 Emerald Coast Pkwy 202 Destin, FL 32541

FOR LEASE
Banks
Property ID
US18-3073991
6,436 SF 1.35 ac lot Built 1995
Last sale Jan 2024 · $4,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an office component located on the second floor of a five-story office building in East Destin, Florida. The floorplate provides a total of approximately 30,000 square feet and is configured as three separate spaces that can be leased independently. Primary access is via the building’s ground-floor lobby and foyer, with elevator service and interior stairwells connecting to the second-floor office areas. The address is 35008 Emerald Coast Parkway, Unit 204, Destin, FL 32541.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$33k
Tax billed · 2023
Assessed value$3.11M
Assessed land$1.26M
Assessed improvement$1.84M
Effective rate1.05%

Value estimate

· Sep 2026
$4.00M
$3.60M – $4.40M
AI approach$4.00M
NOI build-up
Gross scheduled income$630k
Vacancy & credit loss−$126k
Operating expenses−$126k
NOI · 1,643,478.26% cap applied$378k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
1,643,478.26%
$378k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOKALOOSA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.7
Convenience Store9.8
Garden Center9.5

Location

35008 Emerald Coast Pkwy, Unit 202 Destin, FL 32541
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1004 Hwy 98th E, Destin, FL 32541-2902 $1,850,000 Jun 2025 6,249 SF
300 Mtn, Destin, FL 32541-2337 $6,450,000 Feb 2025 5,761 SF
1009 Hwy 98th E, Destin, FL 32541-2901 $2,750,000 Nov 2024 6,348 SF
1 Hbr, Destin, FL 32541-2652 $9,000,000 Oct 2023 6,072 SF
34894 Emerald Coast, Destin, FL 32541-3830 $3,500,000 Jun 2022 7,757 SF
34898 Emerald Coast, Destin, FL 32541-3403 $19,000 Sep 2021 7,074 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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