3997 Commons Drive #E
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2026 | In contract | - | |
| In contract | |||
| Jun 25, 2026 | Listed by RealJoy Realty LLC | $289,500 | |
| Listed by RealJoy Realty LLC | |||
| |||
|
Own your office instead of leasing! Suite E at Diamond Lakes Office Park offers a move-in-ready professional space in one of Destin's most sought-after business locations...all for under $300,000.
Conveniently located just behind the Walmart Supercenter, this ground-floor office features five private offices, a welcoming reception area, a kitchen, and a private restroom. The functional layout is perfect for professional, medical, legal, financial, or real estate offices, with plenty of flexibility to fit your business needs.
Positioned in the heart of Destin, you'll enjoy easy access to Highway 98, Destin Commons, restaurants, and surrounding businesses, making it convenient for both clients and employees.
Affordable, professional office space in this location is hard to find. If you're ready to stop paying rent and invest in your business, Suite E is ready for you. Schedule your private tour today!
| |||
| Jan 8, 2021 | Sold | ||
| Sold | |||
| Jul 24, 2020 | Listed by Sand Dunes Real Estate LLC | $179,900 | |
| Listed by Sand Dunes Real Estate LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/24/2020
|
Loft
|
-
|
-
|
$179,900
Loft
-
|
$135,000
-24.96%
01/08/2021
|
Thomas E Williams
Pelican Real Estate & Dev Br
| |
|
10/23/2019
|
Loft
|
-
|
-
|
$182,900
Loft
-
|
$125,000
-31.66%
06/29/2020
|
Thomas E Williams
Pelican Real Estate & Dev Br
| |
|
07/29/2018
|
Loft
|
-
|
-
|
$169,900
Loft
-
|
$100,500
-40.85%
07/30/2018
|
Jasmine L Williams
Sand Dunes Real Estate LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017