Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11225 Us Hwy 98th W Miramar Beach, FL 32550-4087

    • Turn key restaurants
    • 9,691 SF
    • 0.88 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2190752
    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.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 11225 Us Hwy 98th W

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.88 lot acres
    Property size
    9,691 SF
    Property type
    Turn key restaurants
    APN
    28-2S-21-42000-027-0010
    APU
    282S21420000270010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3601
    Latitude
    30.3821
    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
    $8,301
    $576,114
    $549,566
    $1,125,680
    -
    $576,114
    $549,566
    $1,125,680

    Comparable in this City

    • Value Estimation
      $520,000
      8,925 SF

      8955 Us Hwy 98th W

      RESTAURANT • 8,925 SF
      8955 Us Hwy 98th W, Miramar Beach, FL 32550-7263
      View Details
    • Value Estimation
      $630,000
      7,989 SF

      10501 Us Hwy 98th W

      RESTAURANT • 7,989 SF
      10501 Us Hwy 98th W, Destin, FL 32550
      View Details
    • Value Estimation by Request
      4,780 SF

      8670 Us Hwy 98th W

      RESTAURANT • 4,780 SF
      8670 Us Hwy 98th W, Miramar Beach, FL 32550-7251
      View Details
    • Value Estimation
      $1,555,000
      18,731 SF

      4009 Sandestin Blvd

      RESTAURANT • 18,731 SF
      4009 Sandestin Blvd, Miramar Beach, FL 32550
      View Details
    • Value Estimation
      $795,000
      8,042 SF

      551 Scenic Gulf Dr

      RESTAURANT • 8,042 SF
      551 Scenic Gulf Dr, Miramar Beach, FL 32550-4092
      View Details
    • Value Estimation
      $1,040,000
      12,269 SF

      2237 Scenic Gulf Dr

      RESTAURANT • 12,269 SF
      2237 Scenic Gulf Dr, Miramar Beach, FL 32550-5288
      View Details

    Similar Nearby for Sale

    • $495,000

      Retail Condo in Miramar Beach

      Commercial retail condo with existing tenant and income stream.
      12889 Miramar Beach Dr, Miramar Beach, FL 32550
      View Details
    • $1,900,000
      4,842 SF

      Majestic Sun Commercial Condo

      Miramar Beach, FL Office/Retail Opportunity
      1200 Scenic Gulf Dr Unit B Miramar Bch, Miramar Beach, FL 32550
      View Details
    • $5,900,000
      3,840 SF

      Scenic Gulf Drive Retail Complex

      Prime Beachfront Retail Investment, Florida
      2052 Scenic Gulf Dr, Miramar Beach, FL 32550
      View Details
    • $4,590,000
      7,125 SF

      Scenic Gulf Drive Retail Space

      Prime Miramar Beach retail, Gulf views.
      1200 Scenic Gulf Dr, Miramar Beach, FL 32550
      View Details
    • $2,999,000

      Miramar Beach Commercial Property on US-98

      High-visibility commercial property on US-98 in Miramar Beach, Florida.
      12330 Miramar Beach Dr, Miramar Beach, FL 32550
      View Details
    • $749,000

      Miramar Beach Retail/Office Space

      Retail space with offices in high-traffic Miramar Beach complex.
      12889 Miramar Beach Dr, Miramar Beach, FL 32550
      View Details

    Similar Nearby for Lease

    • $6,500 /Mo

      Restaurant Commissary Space For Rent

      Second generation restaurant commissary space, ideal as a catering kitchen.
      101 Business Centre Dr, Miramar Beach, FL 32550
      View Details
    • $2,495 /Mo

      Retail Space in Baytowne Wharf

      Retail space available in Sandestin Golf and Beach Resort.
      105 Cannery Ln Ln, Miramar Beach, FL 32550
      View Details
    • $16,600 /Mo

      Retail Space in Miramar Beach

      Retail space for lease in high-traffic Miramar Beach complex.
      12889 Emerald Coast Pkwy, Miramar Beach, FL 32550
      View Details
    • $1,850,000
      3,473 SF

      Prime Commercial Property Near Beach

      Highly visible commercial property near Silver Sands Premium Outlets.
      30 S Shore Dr, Miramar Beach, FL 32550
      View Details
    • $2,800 /Mo
      1,400 SF

      Retail Space in Miramar Beach

      1400 SF retail space in high-traffic Miramar Beach complex.
      12889 Emerald Coast Pkwy, Miramar Beach, FL 32550
      View Details
    • $35 SF/Yr
      1,250 SF

      Destin Village Shoppes Retail Space

      Prime Miramar Beach retail space available. High traffic, great visibility.
      11394 US Hwy 98 W, Miramar Beach, FL 32550
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11225 Us Hwy 98th W
    Miramar Beach, FL 32550-4087
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.