Individually Owned 
For Sale
1 / 10
Contact for pricing
220 Harbor Blvd, Destin, FL 32541
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Property summary
AI-generated overview
A renovated mixed-use property in Destin, Florida comprising 10 contiguous ground-floor commercial retail storefront units and 10 two-story apartments. Each retail storefront is approximately 1,600 SF, and each apartment is approximately 1,400 SF with two bedrooms, 2.5 bathrooms, and front and rear balconies; each deed covers one retail space with its apartment above, and both the retail and residential levels have independent access. The site is located on the south side of Harbor Boulevard (Highway 98) and includes pedestrian crossing access from a public parking lot on the north side of the boulevard. The property includes nearly one acre of site area, approximately 220 feet of frontage along Highway 98, and approximately 56 parking spaces. The building is arranged to support separate retail access below and residential access above on each deed, allowing up to 20 separate tenants. The property is zoned South Harbor Mixed Use (SHMU) by the City of Destin.
Property profile
Verified
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1992
Construction
FRAME
Total area
2,492 SF
Lot
0.02 ac (855 SF)
APN
00-2S-22-0636-0000-0100
UPID
US18-5246865
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Grocery & Convenience Store Specialty Food Shop
-
Boat Rental Service
-
Gym & Fitness Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
$562k
Blend (final)
Blend
$315k
Owner & transaction history
since 2014
3 recorded transactions
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$315k
Value range
$284k – $347k
±10% around blend
Estimated value / SF
$126 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
30
Income certainty
100
$284k
blend $315k
$347k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,492 SF
Lot area
0.02 ac
Year built
1992
Stories
3
APN
00-2S-22-0636-0000-0100
Assessed value
$254,986
Annual tax
$2,798
3
Income approach: direct capitalization
Partial preview
Income approach indication
$465k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$505k
@ 6.5% CAP return
$465k
@ 7% CAP return
$435k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$2,798
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$423k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.8 mi away · 2,208 SF
25.7 mi away · 2,695 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$315k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 107 sales
$279
-55%
Submarket 110 sales
$284
-55%
County 335 sales
$246
-49%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $126/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
9.60%
Selected cap rate for this other investment properties
Derived from the Destin market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.60%
9.0%
NOI (est.)
$243k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.54M
Move the market yield to see immediate price impact.
Value / SF
$1,018
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.10%9.60%10.10%
$219k
$2.41M
$2.28M
$2.17M
$243k
$2.68M
$2.54M
$2.41M
$268k
$2.94M
$2.79M
$2.65M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$465k
3.2 mi · Dec 2025 · $194/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,798
Tax year 2023
Assessed value
$254,986
Assessed 2023
Previous assessed
$249,651
+2.1% YoY
Effective rate
1.10%
On assessed value
Assessed land
$107,719
Assessed improvement
$147,267
Land market value
$107,719
Improvement market value
$147,267
Total market value
$254,986
Applied tax rate
10.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1992
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Rooms
2
Bathrooms
2
Total area
2,492 SF
Lot
0.02 ac (855 SF)
APN
00-2S-22-0636-0000-0100
UPID
US18-5246865
Jurisdiction
OKALOOSA
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Rooms
2
Bathrooms
2
Lot
0.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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