Stephanie Roessler
Office: 850-837-3935
Cell: 850-259-1056
4635 Gulfstarr Drive, Destin
$3,399,500
0 Bed
0 Bath
1.1 Acres
0 Garage
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.
Essential Information
MLS® #969488
Price$3,399,500
Acres1.10
TypeCommercial Sale
StatusActive
Community Information
Address4635 Gulfstarr Drive
Area14 - Destin
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Listing Details
OfficeRE/MAX Coastal Properties
Property History
Price Reduced from $3,500,900 to $3,399,500
Price Reduced from $3,740,200 to $3,500,900
Price Reduced from $3,924,000 to $3,740,200
Price Reduced from $4,224,000 to $3,924,000
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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.
Vendors Member Number : 28325
Listing information last updated on October 16th, 2026 at 7:37am CDT.
