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Financial
Distress signals
Property profile

220 Harbor Blvd Destin, FL 32541

FOR SALE
Other investment properties
Property ID
US18-5246865
2,492 SF 0.02 ac lot Built 1992
Last sale Oct 2005 · $8,500,000
Individually Owned Owner of record is an individual. 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a renovated mixed-use building in Destin, Florida, configured as 10 contiguous commercial retail storefront units with apartments above. Each commercial storefront is approximately 1,600 SF, and each paired two-story apartment is approximately 1,400 SF, consisting of two bedrooms and 2.5 bathrooms with front and rear balconies. The 10 deeds each cover one retail space and its apartment above, with independent access provided for both levels on each deed. The site is located on…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$255k
Assessed land$108k
Assessed improvement$147k
Effective rate1.10%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$315k
CAP approach$465k
Submarket $/SF estimate$562k
NOI build-up
Gross scheduled income$469k
Vacancy & credit loss−$35k
Operating expenses−$130k
NOI · 6.75% cap applied$304k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$279/SF
ZIP average, outlier-cleaned · 107 recorded sales of this use type
Observed band · Q1–Q3$175 – $474
Qualifying comparables5

Cap rate analysis

How does the asset earn?
6.75%
$304k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOKALOOSA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store16.3
Dental Office15.8
Building Supply15.6

Location

220 Harbor Blvd Destin, FL 32541
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 13 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
984 Airport, Destin, FL 32541-2870 $350,000 Feb 2024 2,140 SF
986 Airport, Destin, FL 32541-2870 $219,000 Nov 2020 2,140 SF
978 Airport Rd, Destin, FL 32541-2868 $238,200 Jul 2020 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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