Financial
Distress signals
Property profile

12244 Us Highway 98 Destin, FL 32550

FOR SALE
Retail space
Property ID
US18-1931102
28,081 SF 1.18 ac lot Built 2001
Last sale Sep 2013 · $1,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property comprises a combination of retail, showroom, and warehouse space in Miramar Beach, Florida, with frontage on U.S. Highway 98. Vehicular access and egress are provided via a traffic light intersection at North Geronimo Street and Highway 98. Substantial renovations have been completed across both buildings, including the installation of new escalators for the main showroom’s second-floor area. Parcel 1 consists of a two-story building on approximately 1.18 acres with retail,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$22k
Tax billed · 2023
Assessed value$2.85M
Assessed land$672k
Assessed improvement$2.18M
Effective rate0.77%

Value estimate

· Sep 2026
$3.40M
$3.06M – $3.73M
NOI build-up
Gross scheduled income$484k
Vacancy & credit loss−$41k
Operating expenses−$133k
NOI · 5.17% cap applied$310k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$322/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$252 – $490

Cap rate analysis

How does the asset earn?
5.17%
$310k 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: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop15.8
Wholesale Shop14.1
Auto Parts Store13.8

Location

12244 Us Highway 98 Destin, FL 32550
County assessor Recorded deeds · 10 transfers 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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