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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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4635 Gulfstarr Dr , Destin, FL 32541
$3,399,500
Est. Payment: $18,781.75/mo
1.1 Acres
Status: Active | Days on site: 521
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EMAX - E4479,E9642
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Harrison Lilly Team, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Harrison Lilly Team
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House Description

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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Highlights

Listed by Karen K Martineau , 850-499-6930 and Glenda W Lichorwic , 850-496-1400 RE/MAX Coastal Properties , 850-837-9900. Emerald Coast Multiple Listing Services

Property Type

Commercial Sale
Lot/Acreage
1.1

County

Okaloosa

Area

14 - Destin

Listing ID

969488

Questions about this listing?

Contact Agent

Interior Features

Exterior Features

Lot Dimensions:100 X 250 X 82 X 250
Principal Interest
$18,782
Taxes
$2,167

Home Price

$3,399,500

Loan Details

30 yrs
7.374%

Down Payment

20%
$679,900
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$18,781.75

Principal

Taxes

Principal Taxes HOA Total
Monthly $18,781.75 $2,167.18 $0.00 $20,948.93
Yearly $225,380.97 $26,006.18 $0.00 $251,387.15
Total $6,761,429.22 $780,185.25 $0.00 $7,541,614.47

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Destin, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T06:31:40.000Z

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