1012 Airport Rd, Unit STE-1 Destin, FL 32541-2898
Property profile & analytics
1012 Airport Rd, Unit STE-1, Destin, FL 32541-2898
- Office buildings
- 1,250 SF
- 0.03 lot acres
Property ID
US18-6346458
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Black Box Network Services / Telecommunications Service
- The Tingle Law Firm / Law Firm
- Molashé / Hair Salon / Nail Salon
- Llama Lashes Beauty Co / Hair Salon / Nail Salon
- Henderson Development & Design, LLC / Interior Design / Home Decor Store
Property Details for 1012 Airport Rd
- Year built
- 2006
- Construction
- FRAME
- Lot size
- 0.03 lot acres
- Property type
- Office buildings
- APN
- 00-2S-22-1615-0000-0010
- APU
- 002S22161500000010
Description
This exceptional investment opportunity presents a fee-simple interest in a 4,500 square foot, single-tenant office and retail property located at 1012 Airport Rd, Destin, FL 32541. The property, built in 2006, sits on a 0.48-acre lot and boasts a 100% occupancy rate with a 13-year remaining lease term (expiring 10/31/2037, commencing 11/01/2022) featuring a 2% annual rent increase. The absolute NNN lease provides a passive investment opportunity with zero landlord responsibilities. The current Net Operating Income (NOI) is $225,000, resulting in a 7.50% cap rate. The property is strategically located near Scenic Highway 30A, a major tourism corridor generating approximately $7.2 billion in economic impact in 2023, and adjacent to Destin Executive Airport, a premier private aviation hub. The surrounding area features strong demographics, with a population of approximately 560,194 within a 5-mile radius and an average household income of $154,995. Destin's population has grown by 25% since 2000, and the local retail market remains robust, with low vacancy rates. This property offers a secure, income-producing asset in a thriving market, making it an ideal investment for those seeking strong returns in a desirable coastal location. The property is zoned for commercial use and its APN is 00-2S-22-1615-0000-0CA0. The asking price is $3,000,000. Projected cap rate in 2034 is 9.14%.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Destin
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.4701
- Latitude
- 30.3953
- CBSA code
- 18880
- CBSA name
- CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,174
$52,337
$150,860
$203,197
-
$52,337
$150,860
$203,197
