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    Property profile & analytics

    12870 Us Highway 98 W Miramar Beach, FL 32550

    • Office buildings
    • 28,497 SF
    • 1.25 lot acres
    For Sale
    View listing
    $5,995,000
    Value Estimation
    Last Sale
    Aug 02, 2022
    $4,800,000
    Location Intelligence
    Property ID
    US18-3925061
    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

    • Office buildings

    Property Details for 12870 Us Highway 98 W

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    1.25 lot acres
    Property size
    28,497 SF
    Zone code
    HWY 98
    Property type
    Office buildings
    APN
    30-2S-21-42000-001-0012
    APU
    302S21420000010012

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,745,000
      6.5%
      $4,855,000
      7%
      $5,085,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,040,000
      Geo Method
      $4,730,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,180,000
      Retail
      $4,940,000
      Mixed-Use
      $4,620,000
      Hospitality
      $4,625,000
      Educational
      $4,790,000
      Residential Income
      $3,930,000
      Energy
      $5,270,000
      Income-Based Land
      $4,845,000
      Food Service
      $4,125,000

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3854
    Latitude
    30.386
    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
    $35,745
    $500,480
    $3,433,390
    $3,933,870
    -
    $500,480
    $3,433,390
    $3,933,870

    Comparable in this City

    • Value Estimation by Request
      4,314 SF

      11125 Us Hwy 98th W

      OFFICE BUILDING • 4,314 SF
      11125 Us Hwy 98th W, Miramar Beach, FL 32550-4085
      View Details
    • Value Estimation
      $165,000
      1,024 SF

      557 Mack Byu Rd

      OFFICE BUILDING • 1,024 SF
      557 Mack Byu Rd, Destin, FL 32550
      View Details
    • Value Estimation
      $5,380,000
      26,470 SF

      12598 Us Hwy 98th W

      OFFICE BUILDING • 26,470 SF
      12598 Us Hwy 98th W, Miramar Beach, FL 32550-2101
      View Details
    • Value Estimation
      $480,000
      728 SF

      9745 Us Hwy 98th W

      OFFICE BUILDING • 728 SF
      9745 Us Hwy 98th W, Miramar Beach, FL 32550-7223
      View Details
    • Value Estimation
      $210,000
      3,392 SF

      75 Arnett Ln

      OFFICE BUILDING • 3,392 SF
      75 Arnett Ln, Miramar Beach, FL 32550-3924
      View Details
    • Value Estimation
      $395,000
      2,112 SF

      136 Holiday Rd, Unit 3

      OFFICE BUILDING • 2,112 SF
      136 Holiday Rd, Miramar Beach, FL 32550-8604
      View Details

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    Similar Nearby for Lease

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      3,473 SF

      Prime Commercial Property Near Beach

      Highly visible commercial property near Silver Sands Premium Outlets.
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    • $1,000 /Mo
      300 SF

      Miramar Beach Office Space For Lease

      Prime Destin office, 300 sq ft, full-service lease.
      10065 us 98, Destin, FL 32550
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    • $1,700 /Mo
      1,000 SF

      Miramar Beach Office Space For Lease

      1000 sq ft office, great location, all-inclusive rent.
      10065 us 98, Destin, FL 32550
      View Details
    • $24 SF/Yr
      26,470 SF

      Miramar Beach Office Space Available

      3,910 SF Office Suite, Prime Location
      12598 Emerald Coast Pkwy, Miramar Beach, FL 32550
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    • $800 /Mo
      3,910 SF

      Miramar Beach Class A Office Suites

      Prime Office Space, Flexible Lease Terms, Miramar Beach
      12598 US Highway 98 W, Miramar Beach, FL 32550
      View Details
    • $550 /Mo

      Small Office in Miramar Beach

      Small office space with shared amenities in Fountain Plaza.
      12671 Emerald Coast Pkwy, Miramar Beach, FL 32550
      View Details
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    12870 Us Highway 98 W
    Miramar Beach, FL 32550
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    Realmo Value Estimation

    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.

    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.

    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
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