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Property profile & analytics
OFF-MARKET
Investment properties

978 Airport Rd Destin, FL 32541-2868

2,140 SF 0.02 ac lot Built 2004
Trust Owned 6-yr Hold Free & Clear
Property ID
US18-2687494
Property summary
AI-generated overview

This exceptional 900-square-foot end cap office space is ideally situated at 978 Airport Road in Destin, Florida. Boasting a prime location with high visibility, this ground-level unit benefits from two convenient points of ingress and egress, ensuring easy access for clients and employees. The property sits on a 0.02-acre lot and enjoys significant daily traffic exposure, with approximately 23,500 vehicles passing by on Airport Road each day. Inside, the space features a professionally appointed, open-concept layout with impressive 9'7" ceilings, creating a bright and airy atmosphere. A private office or kitchenette provides a dedicated workspace, complemented by a convenient restroom and ample storage. The building's location within the Fort Walton Beach-Crestview-Destin Metropolitan Statistical Area (MSA) offers unparalleled convenience, with proximity to Destin Executive Airport, nearby residential areas, and Destin's renowned beaches and vibrant entertainment scene. This lease opportunity presents a unique chance to establish a thriving business in a highly desirable and accessible location. The asking lease price is $1800.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2004
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,140 SF
Lot 0.02 ac (900 SF)
APN 00-2S-22-5331-0000-1300
UPID US18-2687494
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
  • Union State Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rose Living Trust · 6 yrs held
Rose Living Trust
since 2020
Last sale
$238,200
3 recorded transactions
2020
Price N/A
2005
Price N/A
2004
$238,200
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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