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

Listing courtesy of Tammy R Huston of NAI TALCOR



Listing information is provided by Participants of the Central Panhandle Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Central Panhandle Association of REALTORS MLS.
Last checked: 2026-02-04 10:03 AM UTC