4495 Furling LnDestin, FL 32541

  • Retail properties
  • 32,395 SF
For Lease
$29/SF/YR View listing

Property Details for 4495 Furling Ln

Year built
2016
Construction
STEEL FRAME
Lot size
0.37 AC
Property size (Sq ft)
32,395 SF
Property type
Retail properties
Property subtype
Strip malls
APN
00-2S-22-0880-0000-0040
APU
002S22088000000040

Description

This exceptional 5,000 square foot retail space is available for lease within the prestigious City Market Bayside Shopping Plaza. Situated on the second floor of a Class A, two-story building constructed in 2016, this shell space offers unparalleled potential for customization. The building boasts a total of 31,588 square feet across one building on a 0.37-acre lot. Convenient elevator access is available. The property's prime location along Highway 98 ensures high visibility and accessibility, benefiting from an average daily traffic count of 53,000 vehicles. The City Market Bayside Shopping Plaza enjoys significant foot traffic and is anchored by a diverse range of established businesses including Tropical Smoothie Café, Orange Theory Fitness, Lux Exchange, and Women’s Health of the Emerald Coast. This strategic location offers proximity to Hurlburt & Eglin Air Force Bases, Crystal Beach Shopping Plaza, Destin Commons, numerous golf courses, the stunning Emerald Coast beaches, and a variety of entertainment options. The property's APN is 00-2S-22-0880-0000-0040. This is a rare opportunity to establish a thriving business in a high-traffic, desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,449,486
    6.5%
    $5,953,372
    7%
    $5,528,130
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,525,243
    Geo Method
    $5,803,460
  • Alternative Use

    Use
    Valuation
    Residential
    $5,021,892
    Hospitality
    $4,600,026
    Educational
    $3,827,167
    Medical
    $3,958,790
    Retail
    $5,953,372
4495 Furling Ln, Destin, Florida

Location Insight

City
Destin
County
Okaloosa
State
Florida
Latitude
30.3876
Longitude
-86.4049
CBSA code
18880
CBSA name
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$50,524
$288,750
$4,464,110
$4,752,860
-
$288,750
$4,464,110
$4,752,860

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