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Property profile & analytics
OFF-MARKET Estimated value $3,250,000
Retail space

34761 Emerald Coast Pkwy Destin, FL 32541-3594

13,318 SF 3.02 ac lot Built 2016
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US18-1872363
Property summary
AI-generated overview

This exceptional 10,753 square foot retail/restaurant strip center is ideally situated on Emerald Coast Parkway (Highway 98) in Destin, Florida. Built in 2016, the single-story building sits on a 1.84-acre lot (79,983 square feet) and is zoned MU-2. Currently, 7,357 square feet of space is available for lease, with a minimum divisible unit of 3,617 square feet and a maximum contiguous space of 3,740 square feet. The property boasts excellent visibility and accessibility, experiencing traffic exceeding 55,000 vehicles daily. Benefit from strong national co-tenancy with Sleep Number and Curaleaf, ensuring high foot traffic and brand synergy. This prime location is within Destin's main retail corridor, surrounded by other national retailers and restaurants. The center enjoys a strategic position across from Plantation Commons shopping center, a major retail hub featuring anchors such as Fresh Market, Home Depot, Marshalls, and HomeGoods. Furthermore, the property benefits from its proximity to the Kelly Plantation neighborhood, a prestigious residential golf community. This presents a unique opportunity for businesses seeking high visibility and a strong customer base in a thriving Destin location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2016
Construction STEEL FRAME
Total area 13,318 SF
Lot 3.02 ac (131,578 SF)
APN 00-2S-22-0000-0001-A240
UPID US18-1872363
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sleep Number Furniture & Home Goods
  • Mr. & Mrs. Scotches Restaurant & Bar Restaurant
  • Scotches Bar & Grill Restaurant
  • Scotches Restaurant & Bar Restaurant
  • Mr. & Mrs. Scotches Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.95M
Comparable Approach Comparable
$2.65M
Blend (final) Blend
$3.25M
Owner & transaction history
Del Mar Construction Oklahoma LLC · 9 yrs held
Del Mar Construction Oklahoma LLC
since 2017
7 recorded transactions
2021
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A
2017
$538,700
2016
$1.2M
2013
$2.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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