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Property profile & analytics
OFF-MARKET Estimated value $7,005,000
Strip malls

4495 Furling Ln Destin, FL 32541-5384

32,395 SF 0.37 ac lot Built 2016
Entity Owned 13-yr Hold Free & Clear
Property ID
US18-6762542
Property summary
AI-generated overview

This exceptional 5,000 square foot retail space is available for lease within the prestigious City Market Bayside Shopping Plaza. Situated on the second floor of a Class A, two-story building constructed in 2016, this shell space offers unparalleled potential for customization. The building boasts a total of 31,588 square feet across one building on a 0.37-acre lot. Convenient elevator access is available. The property's prime location along Highway 98 ensures high visibility and accessibility, benefiting from an average daily traffic count of 53,000 vehicles. The City Market Bayside Shopping Plaza enjoys significant foot traffic and is anchored by a diverse range of established businesses including Tropical Smoothie Café, Orange Theory Fitness, Lux Exchange, and Women’s Health of the Emerald Coast. This strategic location offers proximity to Hurlburt & Eglin Air Force Bases, Crystal Beach Shopping Plaza, Destin Commons, numerous golf courses, the stunning Emerald Coast beaches, and a variety of entertainment options. The property's APN is 00-2S-22-0880-0000-0040. This is a rare opportunity to establish a thriving business in a high-traffic, desirable location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2016
Construction STEEL FRAME
Total area 32,395 SF
Lot 0.37 ac (15,998 SF)
APN 00-2S-22-0880-0000-0040
UPID US18-6762542
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
  • Fixture Exchange Building Supply Hardware & Home Improvement
  • CRYO850 Performance & Recovery Alternative Medicine Practice Spa & Massage Center
  • Misty Lenkey Real Estate Broker/Agent Real Estate Agency
  • Dr. Morris Silver Physician Medical Clinic
  • Beyond Measure Jewelers (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.60M
Blend (final) Blend
$7.01M
Owner & transaction history
Forty-four Dev LLC · 13 yrs held
Forty-four Dev LLC
since 2012
1 recorded transaction
2012
$1.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $11.5M +126.9%
Commercial (general) $9.0M +78.4%
Restaurant $6.9M +35.7%
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