348 Miracle Strip PkwyFort Walton Beach, FL 32548

  • Office properties
  • 2,200 SF
For Lease
$15/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
348 Miracle Strip Pkwy, Fort Walton Beach, Florida

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

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
$2,286
$33,417
$142,428
$175,845
-
$33,417
$142,428
$175,845

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