Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    New Retail/Restaurant Space Available Title is generated by Realmo AI

    Greenway Park Avenue, Santa Rosa Beach, FL 32459

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    30,000 SF retail/restaurant space in Seagrove Beach, Florida.

    Type:Retail
    Property size:
    30,000 SF
    Added:
    Nov 22, 2025
    Days on Market:
    190
    Last Refresh:
    May 19 at 11:52 pm

    Property Features for Greenway Park Avenue

    General Information

    Standard status
    Active
    Size
    30,000 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Thomas Watson

    Listing agent Thomas Watson

    Listing office CBRE | Jacksonville

    Listing date Nov 22, 2025

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Jacksonville

    HighLights

    • Over 30,000 SF of new retail/restaurant space.
    • Located in the heart of Seagrove Beach on 30A.
    • Nestled between the Gulf of Mexico and Point Washington State Forest.
    • Mixed‑use pedestrian‑friendly environment.
    • Adjacent to Timpoochee Trail recreational path.
    • Designed to fit the coastal‑chic vibe of South Walton.

    Overview

    Located in Seagrove Beach, Greenway Station offers over 30,000 square feet of new retail and restaurant space. Situated between the Gulf of Mexico shores and the Point Washington State Forest, the development integrates into the surrounding natural environment. Designed to reflect the coastal vibe of South Walton beaches, Greenway Station aims to provide lodging in a mixed-use, pedestrian-friendly environment. Adjacent to the Timpoochee Trail recreational path and centrally located along 30A, Greenway Station is intended to be a destination for lodging, dining, and shopping experiences.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Santa Rosa Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.0986812
    Latitude
    30.3130925

    Nearby Similar for Lease

    • $12,000/Mo
      11,406 SF

      Retail Space in Santa Rosa

      Prime retail space available for lease in Santa Rosa Beach.
      3214 US-98, Santa Rosa Beach, FL 32459
      View Details
    • $5,900/Mo
      3,255 SF

      Commercial Office Space Available

      Well-maintained office space in a high-visibility location.
      605 N County Hwy 393, Santa Rosa Beach, FL 32459
      View Details
    • $2,800/Mo
      3,000 SF

      Office Space on Co Hwy 30-A

      Office space in a convenient location with included utilities.
      3754 W County Hwy 30A #1, Santa Rosa Beach, FL 32459
      View Details
    • $24 SF/Yr
      6,440 SF

      New Class A Retail Space

      Newly constructed retail space available for lease in Santa Rosa Beach.
      2820 US-98 #1, Santa Rosa Beach, FL 32459
      View Details
    • $5,500/Mo
      1,535 SF

      Retail Space in Santa Rosa Beach

      Prime retail space available in a new outparcel retail plaza.
      3214 US-98 #402, Santa Rosa Beach, FL 32459
      View Details
    • $7,000/Mo
      3,255 SF

      Refreshed Office Space in Santa Rosa

      Move-in ready office space in the heart of Santa Rosa Beach.
      605 N County Highway 393 #13A, Santa Rosa Beach, FL 32459
      View Details
    • $28,000 SF/Yr
      14,000 SF

      Santa Rosa Beach Mixed-Use Space

      14,000+ SF warehouse, showroom, and office space for rent.
      73 Veterans Road, Santa Rosa Beach, FL 32459
      View Details
    • $2,100/Mo
      11,800 SF

      Professional Office Suite For Lease

      Professional office suite for lease in Santa Rosa Beach.
      2930 W County Highway 30A #208, Santa Rosa Beach, FL 32459
      View Details
    • $2,800/Mo
      1,000 SF

      Gulf Place Office/Retail Space

      Prime office/retail space in vibrant Gulf Place community.
      90 Spires Lane #6A, Santa Rosa Beach, FL 32459
      View Details
    • $6,500/Mo
      4,773 SF

      Santa Rosa Beach Warehouse/Office Space

      Light industrial warehouse with office in Santa Rosa Beach, Florida.
      605 N County HWY 393 #A, Santa Rosa Beach, FL 32459
      View Details
    • $30 SF/Yr
      2,449 SF

      Versatile Flex Space for Lease

      End-cap flex space suitable for office, retail, and warehouse uses.
      790 N County Hwy 393 #1A & 1B, Santa Rosa Beach, FL 32459
      View Details
    • $7,998/Mo
      18,485 SF

      Class A Office Space

      Office space for lease in Santa Rosa Beach, Florida.
      6757 Hwy 98 #101, Santa Rosa Beach, FL 32459
      View Details

    FAQs

    What type of property is this?
    Retail space - 30,000 SF retail/restaurant space in Seagrove Beach, Florida.
    Where is this retail space located?
    The property is located at Greenway Park Avenue Santa Rosa Beach, FL.
    What are key features of this property?
    This property features: Over 30,000 SF of new retail/restaurant space.; Located in the heart of Seagrove Beach on 30A.; Nestled between the Gulf of Mexico and Point Washington State Forest.
    (850) 527-3524
    We can help!
    Listing Contact
    Thomas Watson
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Greenway Park Avenue, Santa Rosa Beach, FL, 32459
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!