4635 Gulfstarr Drive, Destin, FL 32541
$3,399,500
Property Type:
Commercial for Sale
Lot Size (sq. ft.):
47,916
Status:
Active
Current Price:
$3,399,500
List Date:
4/10/2025
Last Modified:
7/31/2026
Overview
Description
Listing Details MLS# 969488
Contract Info
- GCCMLS Number
- 41991440
- Listing Board
- Emerald Coast
Location Tax and Legal
- Area
- 14 - Destin
- Street #
- 4635
- Street Name
- Gulfstarr
- Street Suffix
- Drive
- State
- FL
- Zip Code
- 32541
- County
- Okaloosa
- Parcel ID
- 00-2S-22-2380-0000-0010
General Property Info
- Listed on GCCMLS
- Yes
- Vacant
- No
- Immediate Occupancy
- No
- Acreage
- 1.1
- Lot Frontage
- 100
- Lot Depth
- 250
Income Producing
- Year Built
- 2005
- Building SqFt
- 15352
- Annual Gross Income
- 347840
- Cap Rate
- 5.56
More Information
Office
- Year Built
- 2005
- Building SqFt
- 15352
- Actual Gross Income
- 347840
- Net Operating Income
- 234695
- # of Units
- 4
Location, Tax and Legal
- Sub Area
- 1404 - Destin Beach East
- Legal Description
- SUNSAIL PLAZA S/D LOT 1
Listing Info, Tax & Legal
- As Is
- Yes
Remarks & Misc
- Remarks
- 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.
Class
- Income Producing
- Yes
- Office
- Yes
Construction Status
- Existing
- Yes
Property Features
Class:
Income Producing; Office
Construction Status:
Existing
Documents
ROI Analysis ›
Listing Office:
RE/MAX Coastal Properties
Last Updated: July - 31 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.