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Income-Producing Office Asset | Strong Cash Flow | Dual-Tenant Opportunity

This newer 5,500 SF multi-tenant office building presents a compelling investment opportunity with stable in-place income and upside potential.

The property is divided into two suites:

Suite A (3,000 SF): Leased at $6,250/month
Suite B (2,500 SF): Leased at $4,375/month

Total Gross Monthly Income: $10,625
Total Gross Annual Income: $127,500

Additional income potential is provided by four 10x10 storage units, offering an opportunity to further increase NOI.

The interior buildout supports a wide range of tenants and includes:

6 private offices (8x12)
9 private offices (6x8)
Glass conference room
Efficient layout suited for medical, professional services, or executive office use

Currently occupied by a health s Currently occupied by a health services tenant, the configuration allows for continued medical use or easy conversion to general office, maximizing tenant demand and retention.

Investment Highlights:

Immediate cash flow with existing leases in place
Multi-tenant diversification reduces vacancy risk
Flexible office layout supports a broad tenant base
Additional income stream from storage units
Newer construction minimizes near-term capital expenditures

Pro Forma Opportunity:
With modest rent increases and full utilization of storage units, investors have the ability to increase NOI and drive cap rate expansion over time.

Ideal for investors seeking a stabilized asset with upside in a growing professional services market.

Crestview

124 John King Road

None Beds

None Baths

N/A

$1,700,000

MLS#: 998749

Located within the guard-gated, Gulf-front community of Caribe, this like-new coastal home, built in 2019 and offered furnished, delivers the perfect blend of comfort, style, and relaxed coastal living. Set just a short walk from Caribe's quiet, sugar-white shoreline, the residence offers four bedrooms and four and one-half bathrooms with an open-concept design that seamlessly connects the living, dining, and kitchen areas. Interior finishes include hardwood flooring, shiplap accents, and a well-appointed kitchen with stainless steel appliances, quartz countertops, soft-close cabinetry, tile backsplash, and a spacious center island. The flexible floor plan features primary suites on both the first and second levels, along with a second-floor loft and bunk room ideal for hosting family and guests. Outdoor living is enhanced by a paved rear patio and a rare detached, enclosed garage with a golf cart. Caribe residents enjoy an exceptional lifestyle with two resort-style pools and bath houses, tennis and pickleball courts, a lake pavilion, multiple beach walkovers with professional beach service, scenic sidewalks throughout the neighborhood, courtesy patrol, and a gated entry accented by soft evening lighting and a beautiful streetscape, all just minutes from premier golf, dining, shopping, and popular destinations such as Grand Boulevard, Market Shops at Sandestin, and Silver Sands Designer Outlet.

Miramar Beach

28 Rue Martine

4 Beds

4 Baths

2,796 Sq.Ft.

$1,700,000

MLS#: 784752

Lots in this area are becoming hard to find. Zoned C2 in Bay County allows building options. This listing is for two lots sold together but have their own parcel ID. Lots are across the street from the beach and the back of the lots are waterfront on a small pond that is about 840ft wide. There is a gulf view from the east corner of the lot. Located in the Laguna Beach area on the west end of Panama City Beach where there are many new construction homes and lots of new development. Just minutes from the 30A area and about 5 minutes to Pier Park. McGuire's Irish Pub is coming soon only minutes down the street. This is a low-density area filled with very nice new construction homes and vacation rentals.

Panama City Beach

19978 Front Beach Road

None Beds

None Baths

0.37 acres

$1,700,000

MLS#: 742175

The best of everything. This well appointed home sits on two lots at the end of a cul de sac and has over 270 feet of water frontage and a boat lift. The social kitchen has Gaggenau induction cooktop and double ovens and a subzero refrigerator. There is ample storage everywhere. The back side of the house takes full advantage of the incredible view. There is new flooring throughout the first floor. Double pane, impact resistant windows all around the home. There is crown moulding everywhere. The master suite has one huge closet and two large closets in the master bath. The master bath has heated floors and the shower walls are solid marble, not tiles. The bedrooms are all a very nice size and there's even a third floor study/game room. The oversized two car garage is climate controlled.

Panama City Beach

1439 Trout Drive

5 Beds

4 Baths

4,133 Sq.Ft.

$1,700,000

MLS#: 724941

A gulf-front vacation retreat, this inviting home is primely located in Frangista Beach and offers ample entertaining space, elegant finishes, panoramic gulf views, and outdoor amenities. This residence is a coveted rental and features five bedrooms, including a fully-fitted bunk room, providing comfortable accommodations for up to 16 guests. Renovated and refurbished, highlights include beautiful hardwood floors, spacious suites, and a chef's kitchen with granite counters, custom cabinetry, and stainless steel appliances. However, it's the exquisite gulf views from balconies on all three floors that truly steal the show. A private plunge pool also overlooks sugar-white sand and emerald waters. Residents enjoy direct beach access, a community pool, and beach chair set-up service, while world-class shopping, dining, and entertainment options are just minutes away.

Miramar Beach

1947 Scenic Gulf Drive 1947

5 Beds

4 Baths

2,289 Sq.Ft.

$1,700,000

MLS#: 856236

Cypress Dunes, a luxury gated community located on Scenic 30 A in South Walton County. 343 Cypress dunes is a beautiful freshly painted and updated 3 story beach home with porches on every floor offering peaceful views in every direction. This is one of the few homes in the community that comes with an additional lot located in the front of the home. No home can be built in front of 343 Cypress dunes. Home is being offered fully furnished and move-in ready; owners have used this as a 2nd home and has been well cared for. The 1st floor has 2 large bedrooms with private access to its own private patio area. The 2nd floor offers an open floor plan with lots of natural sunlight and tall ceilings & windows. The spacious 2nd floor is a great place for entertaining as you will find a large kitchen, living room and dining room that open up to the tiled balcony which overlooks the nature preserve and beautiful gulf of Mexico. You will find the master suite on the 3rd floor with more amazing views from its own private balcony overlooking the gulf of Mexico and nature preserve.
Complex Amenities include a clubhouse overlooking Topsail Hill State Preserve and the Gulf of Mexico, an infinity-edge pool, exercise center, dining facility, outdoor fireplace and tennis courts. Cypress Dunes is driving distance to Sandestin and Destin

Santa Rosa Beach

343 Cypress Drive

5 Beds

5 Baths

2,635 Sq.Ft.

$1,700,000

MLS#: 909529

Santa Rosa Beach

58 Initial Lane

4 Beds

3 Baths

2,428 Sq.Ft.

$1,700,000

MLS#: 972373

Watersound

281 Salt Box Lane

2 Beds

3 Baths

1,604 Sq.Ft.

$1,700,000

MLS#: 879755

Watersound

34 Heartwood Street

4 Beds

4 Baths

3,087 Sq.Ft.

$1,700,000

MLS#: 996552

This custom 2 story bay front home built 2015, it sits on the beautiful Choctawhatchee Bay. The front of the home features a brick driveway a 2 car garage and covered entrance to the front door. A foyer directs you to the open beautiful living, dining, kitchen and the VIEW of the bay. The open living area features a half bath, wet bar, ice make, stone fireplace with stained pecky cypress walls, 10 foot ceiling with wooden beams and 12 foot pocket sliding glass doors. All of this is just the framework to the Beautiful Bay View. Get ready for the Kitchen....It is a dream a 48 inch Wolf propane stove with griddle and grill & double ovens. Above is a pot filler and stainless hood. Subzero double door freezer/ Refrigerator that features an ice maker, with 4 pull out drawers. A 3 x 6 Wine Freg. refrigerator houses your favorites at a perfect temperature & below 2 deep pull out refrigerator drawers. Also a Wolf convection oven and a Sharp microwave oven. A Large double stainless steel farmhouse sink allows dishwashing with a view. The 12 foot sliding doors open to a glass enclosed room with a fireplace and extra dining and living space. Out the enclosure is a large open deck which leads you to the Bay and a covered dock over the water.
The master sits on the first floor, bay side which allows beautiful views sunrises. Bathroom has double vanity, walk in shower and jacuzzi tub with a separate water closet. The huge walk in closet with a washer and dryer for convenience. Upstairs.. at the top of the stairs is a tv/sitting area, 2 bedrooms both open onto the front balcony. A black and white tiled bathroom features 2 vanity sink and walk in shower.***Buyer is responsible for personally verifying details about this property. Any information contained in this listing is believed to be accurate but is not guaranteed.***

Santa Rosa Beach

349 E Mitchell Avenue

3 Beds

2 Baths

2,767 Sq.Ft.

$1,700,000

MLS#: 858829

Located in one of the most prestigious communities along the entire Emerald Coast, this spectacular unit offers the top floor, southwest sunset views that have brought all of us to this paradise. Regardless if you wish to keep this hidden gem for yourselves, or enjoy healthy cash-flow, this experience is your windfall for the taking. This two-bedroom, two-bath condo features a wrap-around balcony overlooking the Gulf, shoreline, community pool and equally beautiful residences. This quiet, rust

Inlet Beach

99 S Compass Point Way UNIT 402

2 Beds

2 Baths

1,322 Sq.Ft.

$1,700,000

MLS#: 871154

This encompasses buildings B & C, two 1 story buildings with appx 10,750 total sq ft. Only 90% occupied due to sale terms. More than .75 acres. Sale is as-is.

Destin

137 Crystal Beach Drive Buildings B & C

None Beds

None Baths

N/A

$1,700,000

MLS#: 887214

Miramar Beach

19 Wadleigh Way

5 Beds

5 Baths

2,710 Sq.Ft.

$1,700,000

MLS#: 916202

Active contract with a kickout clause.

Discover an exceptional opportunity to build your dream home in The Retreat, one of the most beautiful and private communities on 30A. This prime homesite, backing up to preserve area, offers an opportunity for views of the shimmering Gulf of Mexico and the serene coastal dune lake.
As a resident of The Retreat, you will enjoy access to a wealth of elite amenities. Within the gated community, complete with a guard, is the newly constructed world-class beach club boasting a breathtaking infinity edge pool and a two-story clubhouse complete with indoor and outdoor space to enjoy the beautiful views. The community has several beach accesses leading to the community's private gulf frontage spanning 3000 feet. Enjoy the neighborhood park along one of South Walton's rare coastal dune lakes, complete with walking trails, two floating docks, an observation tower, and storage for your paddleboard, canoe, or kayaking. With approximately 90 acres, 25 acres of conservation land, and only 90 homesites, The Retreat is sure to offer peace and tranquility.

All information is believed to be reliable but should be verified by buyer.

Santa Rosa Beach

Lot 51 W Bermuda Drive

None Beds

None Baths

0.27 acres

$1,700,000

MLS#: 946364

Property has 1,000+/- feet on Four Mile Creek. Water is deep and supports barge traffic. Property is high and dry with mature oaks. Property is south of Freeport Industrial Waterfront complex and zoned Industrial. Great developer opportunity. The property has the potential to be rezoned residential and possibly annexed into the City of Freeport. The property's Tax District is County (District 5). The City of Freeport water and sewer is near the entrance to the property. Adjacent 5.14 acres included in this purchase. 22-1S-19-23010-000-0110. Buyer to verify all dimensions and details.

Freeport

454 Hansen Road

None Beds

None Baths

N/A

$1,700,000

MLS#: 851228

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.

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