Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1999
Sq.Footage
N/A
Situated in the heart of Destin's established business corridor, this +/-1,312SF commercial office condominium offers an opportunity to acquire an income-producing asset with strong fundamentals and long-term demand drivers. The property is recently remodeled and currently occupied by a regional staffing company, providing immediate cash flow in a well-located, professionally managed office environment. The suite benefits from excellent accessibility via Airport Road and close proximity to US-98, Destin's primary east-west artery. The surrounding area features a dense mix of professional offices, medical users, retail, and hospitality, creating consistent daytime traffic and sustained tenant demand. Destin maintains a limited inventory of small-format office product, supporting stable occupancy and competitive lease rates for well-positioned suites. The property delivers an 8.37% cap rate with pricing of $210 per square foot, positioning the asset well below replacement cost. The existing lease extends through May 2026, providing near-term income with flexibility for renewal, rent growth, or potential owner-user conversion. For investors seeking durable cash flow as well as future owner-users, this office condominium combines a strong location, functional layout, and attractive basis in one of Northwest Florida's most active coastal markets. Continued commercial activity, steady tourism-driven business demand, and constrained new office development support long-term stability and liquidity for this asset. 1,312 SF Office Condo | Built 1999 Recently Remodeled Suite Tenant in Place Through May 2026 Prime Airport Road Location with Easy Access to US-98 8.37% In-Place Cap Rate based on 2025 net income of $23,009.84 Income asset, priced below replacement cost Strong Area Demand with Limited New Office Supply
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
2.08
-
Property Type
Commercial Sale
Price
-
Sales Price
$275,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
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Location
County
Okaloosa
Elementary School
Middle School
High School
Listing Courtesy of Tammy R Huston , NAI TALCOR
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RealtorĀ®
Geannette Turner
Call Geannette today to schedule a private showing.
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