2052 Scenic Gulf Dr Miramar Beach, FL 32550-6827
Property Lookup
Property profile & analytics
2052 Scenic Gulf Dr Miramar Beach, FL 32550-6827
- Strip malls
- 3,840 SF
- 0.37 lot acres
Property ID
US18-6028096
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
- Strip malls
Property Details for 2052 Scenic Gulf Dr
- Year built
- 2016
- Construction
- STEEL FRAME
- Lot size
- 0.37 lot acres
- Property size
- 3,840 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 30-2S-21-42290-000-1080
- APU
- 302S21422900001080
Description
This exceptional retail investment opportunity in Miramar Beach, Florida, presents a 3,840 square foot multi-tenant building situated on Scenic Gulf Drive. The property boasts a prime location directly across from the Gulf of Mexico beaches, ensuring high visibility and significant foot traffic from resort beach visitors. Currently operating at 100% occupancy, the property generates $230,700 in annual rental income with a 5.00% cap rate. The building is comprised of three tenants: Paradise Found (1,720 sq ft), Frozen Dunes (860 sq ft on an older lease), and Emerald Coast Cruiser (860 sq ft on a brand new lease). Annual CAM charges are $19,691. The asking price is $5,900,000, and the current leases have a remaining term of two years. The existing owner, Paradise Found, is willing to remain as a tenant or relocate, and is also open to selling their existing inventory to a new buyer. This property offers significant upside potential, with the possibility of adding apartments above the existing commercial space. The property is also available as part of a larger package deal including two additional buildings for a total price of $18,999,999. This is a rare opportunity to acquire a thriving retail property in a highly desirable beachfront location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $649,000
Market price range: $144k - $667k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $410,000 Current use
- COMMERCIAL (GENERAL)
- $920,000 Change: +124% Conversion: Easy
- OFFICE BUILDING
- $480,000 Change: +17% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $360,000 Change: -12% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Miramar Beach
- County
- Walton
- State
- Florida
- Longitude
- -86.3824
- Latitude
- 30.3781
- 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
$5,733
$415,664
$215,230
$630,894
-
$415,664
$215,230
$630,894
