348 Miracle Strip PkwyFort Walton Beach, FL 32548

Property Details for 348 Miracle Strip Pkwy

Year built

1989

Construction

FRAME

Lot size

5.22 AC

Property size (Sq ft)

2,200 SF

Property type

Office buildings

APN

23-2S-24-506A-0000-0140

APU

232S24506A00000140

Description

This exceptional 2,850 square foot single-tenant office space is situated in the prestigious Paradise Village Professional Park in Fort Walton Beach, Florida. Located on the second floor, this property boasts breathtaking views of the Santa Rosa Sound. The well-designed layout includes eight individual offices, providing ample space for a variety of business needs. Multiple meeting areas, both open and private, cater to collaborative work and confidential discussions. A comfortable break room and two restrooms add to the convenience. Generous balcony space offers an outdoor respite. The property is part of a vibrant complex with a diverse tenant mix, including healthcare, financial, real estate, spa, and defense services. Paradise Village Professional Park offers ample on-site parking and a picturesque canal with communal sitting areas. Its prime location provides easy access to major transportation routes and key regional destinations. The property is conveniently located just five miles from Hurlburt Field, nine miles from Eglin AFB, and eleven miles from Destin-Fort Walton Beach Airport (VPS). This is a truly remarkable opportunity to secure a high-quality office space in a desirable location. The address is 348 Miracle Strip Pkwy SW, Fort Walton Beach, FL 32548, within the Crestview-Fort Walton-Destin submarket cluster of Okaloosa County.

• CAP approach

  CAP return

  Valuation

  6%

  $297,956

  6.5%

  $275,036

  7%

  $255,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $148,900

  Geo Method

  $156,398

• Alternative Use

  Use

  Valuation

  Residential

  $341,045

  Hospitality

  $312,396

  Educational

  $259,910

  Medical

  $268,848

  Retail

  $404,304

Location Insight

City

Fort Walton Beach

County

Okaloosa

State

Florida

Latitude

30.4062

Longitude

-86.6392

CBSA code

18880

CBSA name

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

Property Tax & Assessments

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