Climate-Controlled Storage
For Sale
Contact for pricing
108 Mc Davis Boulevard, Santa Rosa Beach, FL 32459
Commercial for Sale, Santa Rosa Beach, FL
Property Size100 SF
Lot Size0.94 Acres
Price / SF$250
Days on Market231
Property Features for 108 Mc Davis Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
North on MC David Blvd and lot is directly to the north of the Cumberland Farms.
Subdivision
19 - Point Washington
Standard status
Active
APN
05-3S-18-16000-001-0026
Lot size
0.94 Acres
Taxes and HOA fees
Tax Description
COM NW/COR SEC 5-3S-18W,S 20 DEG 35'57''E 4344.81 FT FOR POB S 49 DEG 09'41''E 33.25 FT,N 40 DEG 50'19''E 27.50 FT,S 06 DEG 14'22''W 47.25 FT,S 25 DEG 11' 12''E 52.13 FT,S 27 DEG 14'02''E 49.68 FT,S 20 DEG 54'24''E 100.01 FT,S 28 DEG 55'05''E 6.87 FT,S 64 DEG 41'51''W 63.32 FT,S 40 DEG 09'15''W 74.75 FT, CURVE CONCAVE SW RADIUS 98.50 FT ARC 67.17 FT CENTRAL ANGLE 39 DEG 04'19'' CHORD B&D=N 29 DEG
Legal Description
COM NW/COR SEC 5-3S-18W,S 20 DEG 35'57''E 4344.81 FT FOR POB S 49 DEG 09'41''E 33.25 FT,N 40 DEG 50'19''E 27.50 FT,S 06 DEG 14'22''W 47.25 FT,S 25 DEG 11' 12''E 52.13 FT,S 27 DEG 14'02''E 49.68 FT,S 20 DEG 54'24''E 100.01 FT,S 28 DEG 55'05''E 6.87 FT,S 64 DEG 41'51''W 63.32 FT,S 40 DEG 09'15''W 74.75 FT, CURVE CONCAVE SW RADIUS 98.50 FT ARC 67.17 FT CENTRAL ANGLE 39 DEG 04'19'' CHORD B&D=N 29 DEG
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Gregory E Ganske · License #3445831
(512) 769-3230
Added: Jan 23
Changed: Sep 11
Last Checked: Sep 11 at 5:06PM
MLS# 993578
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property offers climate-controlled storage units structured for individual deeded ownership rather than conventional leasing. The configuration supports personal storage needs as well as use by contractors and small businesses, with secure space for equipment, inventory, and recreational gear.
The property encompasses 0.94 acres at 108 Mc Davis Boulevard in Santa Rosa Beach, Florida 32459. Units are offered for purchase, with unit sizes available beyond the 10-by-10-foot configuration referenced in the listing information.
The property encompasses 0.94 acres at 108 Mc Davis Boulevard in Santa Rosa Beach, Florida 32459. Units are offered for purchase, with unit sizes available beyond the 10-by-10-foot configuration referenced in the listing information.
Key Highlights
- Climate‑controlled storage units offered for purchase
- Deeded ownership structure rather than leased storage
- 0.94‑acre property at 108 Mc Davis Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$869
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,380
$17.4K
Cap Rate 7%
$12,414
$12.4K
Cap Rate 9%
$9,656
$9.7K
Market Conditions
NOI Build-Up for 100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.3K $13.20/SF
− Vacancy
−$79 −$0.79/SF
EGI
$1.2K $12.41/SF
− OpEx
−$372 −$3.72/SF
NOI
$869 $8.69/SF
Area
Walton County, FL
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,380
Cap Rate 7%
$12,414
Cap Rate 9%
$9,656
Alternative Uses
Best Use
Self Storage
$12.4K
$10.9K – $14.5K
NOI $869 @ 7.0% cap · market cap 3.48%
Second Best
Warehouse
$12.3K
$10.8K – $14.3K
NOI $860 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$25.1K
$22.0K – $29.3K
NOI $1,760 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 32459, FL
20,567
Population
17,700
Households
1.2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
377
Density / Sq Mi
$101,067
Median Household Income
$53,393
Median Earnings
$2,165
Median Rent
$613,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Deeded storage units provide an ownership-based alternative to conventional leased storage.
Where is this self storage facility located?
The property is located at 108 Mc Davis Boulevard Santa Rosa Beach, FL.
What are key features of this property?
This property features: Climate‑controlled storage units offered for purchase; Deeded ownership structure rather than leased storage; 0.94‑acre property at 108 Mc Davis Boulevard
