Financial
Distress signals
Property profile

12598 Us Highway 98 200 Miramar Beach, FL 32550

FOR LEASE
Office buildings
Property ID
US18-5565130
26,470 SF 1.84 ac lot Built 2007
Last sale Jul 2025 · $325,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property provides individually configured office spaces and executive suites located on the second floor. Suite sizes vary, and all offices share common amenities including a reception area, a shared conference room, and a shared kitchen. The building supports 24-hour access using a key fob, and the interior is finished with modern materials and has fresh interior paint.

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?
$41k
Tax billed · 2023
Assessed value$4.56M
Assessed land$736k
Assessed improvement$3.82M
Effective rate0.91%

Value estimate

· Sep 2026
$5.33M
$4.80M – $5.86M
AI approach$4.94M
CAP approach$5.48M
Submarket $/SF estimate$5.14M
NOI build-up
Gross scheduled income$518k
Vacancy & credit loss−$104k
Operating expenses−$104k
NOI · 4,806.95% cap applied$311k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$200/SF
Submarket average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$163 – $247

Cap rate analysis

How does the asset earn?
4,806.95%
$311k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
HWY 98
JurisdictionWALTON

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop17.5
Auto Repair Shop16.7
Auto Parts Store13.1

Location

12598 Us Highway 98, Unit 200 Miramar Beach, FL 32550
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
164 Geronimo, Miramar Beach, FL 32550-4062 $1,800,000 Jan 2024 8,509 SF
45 Shr, Miramar Beach, FL 32550-5822 $1,850,000 Dec 2022 5,818 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?”
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