4635 Gulfstarr Drive, Destin, FL 32541
sale
$3,399,500
|
Other
Courtesy Of RE/MAX Coastal Properties
7.5% CAP RATE on this 2 story CLASS A, FULLY LEASED Medical/Professional office building located in the heart of Destin! Its prime corner location w/a traffic light, provides easy accessibility & significant visibility from the 60,000+ vehicles passing daily along Hwy 98. The corner site also contains a highly visible large marquee sign. Strategically located less than a mile from The Destin Commons, Whole Foods, restaurants & businesses, this professional Office building is fully leased & generated $381,877 annual income in 2025. High quality finishes & architectural appeal accent this 15,000+ SF Class A office space. With 255K estimated 2026 NOI and 7.5% estimated CAP., this opportunity won't last long. The month to month Tenant could vacate if Buyer wants to occupy a potion of the building. Inquire to schedule a private showing.
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Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Legal Description: SUNSAIL PLAZA S/D LOT 1
- MLSID: 969488
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