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Property profile & analytics
OFF-MARKET Estimated value $2,550,000
Commercial real estate

35000 Emerald Coast Pkwy Destin, FL 32541-4701

10,671 SF 1.06 ac lot Built 1988
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-2790982
Property summary
AI-generated overview

This exceptional commercial property, situated on a 1.06-acre lot at the corner of US Highway 98 and Crystal Beach Drive in Destin, Florida, presents a unique investment opportunity. Boasting 188 feet of frontage on the bustling Emerald Coast Parkway, this two-story building offers unparalleled visibility and accessibility. Previously used as a real estate and rental office, the versatile space is ready for immediate occupancy or redevelopment. The interior features a welcoming reception area, multiple private offices, break rooms, and restrooms on both the first and second floors, providing ample space for a variety of businesses. The property also includes a substantial parking area, ensuring convenient access for employees and clients. Its strategic location offers easy access to the Mid-Bay Bridge, a wide array of shopping and dining establishments, and the Destin private airport, making it an ideal location for businesses seeking high visibility and convenient access to major transportation routes. The property's size and location make it suitable for a range of commercial uses, presenting significant potential for growth and return on investment. This is a rare opportunity to acquire a prime commercial property in the heart of Destin's thriving business district.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Construction FRAME
Total area 10,671 SF
Lot 1.06 ac (46,170 SF)
APN 00-2S-22-0000-0001-039A
UPID US18-2790982
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
  • Wyndham Vacation Rentals - Central Destin Office Vacation Rental Real Estate Agency
  • ResortQuest Real Estate Vacation Rental Real Estate Agency
  • Florida Vacation Rentals by Vacasa Vacation Rental Real Estate Agency
  • ResortQuest Central Destin Vacation Rental Real Estate Agency
  • Camilo Giraldo Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.69M
CAP Approach CAP
$2.00M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.55M
Owner & transaction history
Sava Properties · 1 yrs held
Sava Properties
since 2025
Last sale
$2.5M
6 recorded transactions
2025
Price N/A
2025
Price N/A
2025
$2.5M
2009
Price N/A
2009
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $3.8M +27.2%
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