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    36236 Emerald Coast Pkwy Destin, FL 32541-4707
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    Property profile & analytics

    36236 Emerald Coast Pkwy, Destin, FL 32541-4707

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    • Strip malls
    • 10,865 SF
    • 0.13 lot acres
    Off-Market
    Last Sale Jan 15, 2026
    $5,150,000
    Property ID
    US18-3705329
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beautiful Lights / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement
    • Bella Beach / Furniture & Home Goods / Home Decor Store
    • Kiki Risa / Clothing & Fashion Store
    • Avantgarde Salon Destin / Hair Salon / Nail Salon
    • Romair Construction / Construction Company

    Property Details for 36236 Emerald Coast Pkwy

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.13 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    00-2S-22-0101-000C-0670
    APU
    002S220101000C0670

    Description

    This exceptional investment opportunity presents The Shoppes of Destiny, a 12,734 square foot, single-story shopping center located at 36236 Emerald Coast Pkwy, Destin, FL 32541. Built in 2008, this mixed-use retail property boasts a 100% occupancy rate with seven units and five tenants, generating a substantial Net Operating Income (NOI) of $407,488. The property is offered at $6,000,000, representing a compelling cap rate of 6.79% and a price per square foot of $471.18. Leases are structured as Triple Net (NNN), minimizing management responsibilities for the owner. The property benefits from 3% yearly rent increases, ensuring consistent revenue growth. Situated in Okaloosa County, this prime location in the heart of Destin guarantees high visibility and consistent foot traffic. The permitted zoning is Mixed Use Retail, allowing for flexibility and potential future expansion. This stabilized investment offers a secure and lucrative return for discerning investors seeking a premier commercial asset in a thriving Florida market. The property is fully stabilized and enjoys a strong tenant base. This is a truly exceptional opportunity to acquire a high-performing retail center in one of Florida's most desirable locations.


    Value Estimations

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    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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    Location Insight

    • Map
    • Local Demand
    City
    Destin
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.404
    Latitude
    30.3861
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,418
    $144,375
    $727,738
    $872,113
    -
    $144,375
    $727,738
    $872,113
    More about this property
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