Financial
Distress signals
Property profile

4635 Gulfstarr Dr Destin, FL 32541

FOR SALE
Other commercial real estate
Property ID
US18-6262049
15,952 SF 0.53 ac lot Built 2005
Last sale Dec 2003 · $667,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This two-story Class A office building is located in Destin and is configured as a medical and professional office property. The building sits on a corner lot with vehicular access that includes a nearby traffic signal, and it has signage and frontage along Highway 98 (with reported traffic in excess of 60,000 vehicles per day). A large marquee sign is present on the property. The site is positioned within about a mile of Destin Commons and Whole Foods, along with nearby restaurants and other…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$21k
Tax billed · 2023
Assessed value$1.83M
Assessed land$511k
Assessed improvement$1.32M
Effective rate1.16%

Value estimate

· Sep 2026
$3.51M
$3.15M – $3.86M
CAP approach$2.98M
Submarket $/SF estimate$4.04M
NOI build-up
Gross scheduled income$315k
Vacancy & credit loss−$57k
Operating expenses−$65k
NOI · 5.53% cap applied$194k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$279/SF
ZIP average, outlier-cleaned · 107 recorded sales of this use type
Observed band · Q1–Q3$175 – $474

Cap rate analysis

How does the asset earn?
5.53%
$194k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOKALOOSA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop9.9
Daycare Center9.8
Auto Parts Store9.7

Location

4635 Gulfstarr Dr Destin, FL 32541
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4014 Cmns Dr W, Destin, FL 32541-8425 $375,000 Jun 2025 2,500 SF
4010 Cmns Dr W, Destin, FL 32541-8421 $490,000 May 2025 2,500 SF
4481 Legendary, Destin, FL 32541-5381 $2,200,000 Apr 2025 11,492 SF
506 Hbr, Destin, FL 32541-2328 $162,100 Apr 2025 4,147 SF
4460 Legendary, Destin, FL 32541-5379 $3,750,000 Feb 2025 27,716 SF
4010 Cmns Dr W, Destin, FL 32541-8421 $450,000 Oct 2024 2,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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