13123 Emerald Coast PkwyRosemary Beach, FL 32461

Property Details for 13123 Emerald Coast Pkwy

Year built

2015

Construction

STEEL FRAME

Lot size

1.55 AC

Property size (Sq ft)

20,334 SF

Zone code

HWY 98

Property type

Investment properties

Property subtype

Retail residential properties

APN

36-3S-18-16100-000-0710

APU

363S18161000000710

Description

This exceptional retail opportunity presents two available spaces, each approximately 1,900 square feet, within the Crossings at Inlet Beach shopping center. Located at 13123 E Emerald Coast Pkwy in Rosemary Beach, Florida (zip code 32461), this two-building, single-story complex boasts a total of 25,459 square feet across nine suites. Built in 2016, the property sits on a 3.69-acre lot and offers ample parking (4 spaces per 1,000 sq ft). The center enjoys a highly visible location on US Highway 98, providing excellent access to Scenic Highway 30A and the renowned Beaches of South Walton. This area experiences high traffic counts (30,000 average daily) and is surrounded by a high-income demographic within one of the fastest-growing counties in the US. The property's efficient design and convenient location make it ideal for a variety of retail, professional, or medical services. Currently, the center features a mix of home decor, design stores, and national brand service companies. Competitive lease terms are available. This is a unique chance to establish a presence in South Walton's upscale shopping district, benefiting from the area's rapid population growth and strong tourism.

• CAP approach

  CAP return

  Valuation

  6%

  $3,510,332

  6.5%

  $3,240,307

  7%

  $3,008,856

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,240,593

  Geo Method

  $2,240,593

• Alternative Use

  Use

  Valuation

  Residential

  $3,240,307

  Hospitality

  $2,968,104

  Educational

  $2,469,428

  Medical

  $2,554,355

  Retail

  $3,841,332

Location Insight

City

Inlet Beach

County

Walton

State

Florida

Latitude

30.2781

Longitude

-86.0062

CBSA code

18880

CBSA name

CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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