4635 Gulfstarr Drive, Destin, FL 32541 (MLS# 969488)

4635 Gulfstarr Drive, Destin, FL 32541

$3,740,200

Property Type: Commercial for Sale Lot Size (sq. ft.): 47,916 Status: Active

Current Price: $3,740,200 List Date: 4/10/2025 Last Modified: 1/06/2026

Description

ATTENTION INVESTORS 6.3% CAP RATE on this 2 story CLASS A, FULLY LEASED Medical or 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 & generates $347,884 annual income. High quality finishes & architectural appeal accent 15,000+ SF Class A office space. The month to month Tenant could vacate if Buyer wants to occupy. Inquire for further details & to schedule a private showing.

More Information MLS# 969488

Contract Info

GCCMLS Number: 41991440 Listing Board: Emerald Coast List Date: 2025-02-25 List Price: $3,740,200

Location, Tax and Legal

Sub Area: 1404 - Destin Beach East Legal Description: SUNSAIL PLAZA S/D LOT 1

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No Lot Depth: 250 Lot Frontage: 100 Acreage: 1.1

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: ATTENTION INVESTORS 6.3% CAP RATE on this 2 story CLASS A, FULLY LEASED Medical or 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 & generates $347,884 annual income. High quality finishes & architectural appeal accent 15,000+ SF Class A office space. The month to month Tenant could vacate if Buyer wants to occupy. Inquire for further details & to schedule a private showing.

Class

Income Producing: 1 Office: 1

Construction Status

Existing: 1

Office

Year Built: 2005 Building SqFt: 15352 Actual Gross Income: 347840 Net Operating Income: 234695 # of Units: 4

Income Producing

Year Built: 2005 Building SqFt: 15352 Annual Gross Income: 347840 Cap Rate: 5.56 Property Type: Office

None

Current Price: $3,740,200

Status Change Info

Status: Active

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

Property Features

Class: Income Producing; Office Construction Status: Existing

Documents

ROI Analysis ›

Gulfstarr Zoning Information ›

Listing Office: RE/MAX Coastal Properties

Last Updated: January - 06 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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