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Property profile & analytics
OFF-MARKET
Office buildings

348 Miracle Strip Pkwy Sw Ste 15a Fort Walton Beach, FL 32548-5258

2,200 SF 5.22 ac lot Built 1989
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US18-3333581
Property summary
AI-generated overview

This exceptional 2,850 square foot single-tenant office space is situated in the prestigious Paradise Village Professional Park in Fort Walton Beach, Florida. Located on the second floor, this property boasts breathtaking views of the Santa Rosa Sound. The well-designed layout includes eight individual offices, providing ample space for a variety of business needs. Multiple meeting areas, both open and private, cater to collaborative work and confidential discussions. A comfortable break room and two restrooms add to the convenience. Generous balcony space offers an outdoor respite. The property is part of a vibrant complex with a diverse tenant mix, including healthcare, financial, real estate, spa, and defense services. Paradise Village Professional Park offers ample on-site parking and a picturesque canal with communal sitting areas. Its prime location provides easy access to major transportation routes and key regional destinations. The property is conveniently located just five miles from Hurlburt Field, nine miles from Eglin AFB, and eleven miles from Destin-Fort Walton Beach Airport (VPS). This is a truly remarkable opportunity to secure a high-quality office space in a desirable location. The address is 348 Miracle Strip Pkwy SW, Fort Walton Beach, FL 32548, within the Crestview-Fort Walton-Destin submarket cluster of Okaloosa County.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction FRAME
Total area 2,200 SF
Lot 5.22 ac (227,595 SF)
APN 23-2S-24-506A-0000-0140
UPID US18-3333581
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
  • Chicken 'N The Egg Restaurant
  • Crafty Hangout (Bike/Boat/Book/etc) Store
  • As Seen On TV & More Corporate Corporate Office Business Park
  • Element Home Loans, a Division of NFM Lending Loan Service Bank
  • New American Funding - Jill Kirkpatrick Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jazo LLC · 19 yrs held
Jazo LLC
since 2007
3 recorded transactions
2007
$1.7M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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