Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Serenoa Rd Santa Rosa Beach, FL 32459

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space with rollup doors, restrooms, vanilla shell build-out.

    Property size:
    50,000 SF
    Lot size:
    2.28 Acres

    Property Features for Serenoa Rd

    General Information

    Size
    50,000 SF
    Lot size
    2.28 Acres

    We can help!

    Listing Contact
    Craig S Barrett
    Craig S Barrett
    Source: Moodyscre

    Listing Agency: NBI Properties, Inc. Listing Agent: Craig S Barrett

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

    Learn more

    Property Insight Report

    Overview

    Flex Space in Santa Rosa

    This flex space is located in the South Walton Industrial Park in Santa Rosa Beach, Florida, offering a convenient location near 30A, Panama City Beach, Freeport, and Destin. Each unit features a 12-foot rollup door and includes a restroom. The spaces will be delivered as a vanilla shell. The project is projected to be ready for occupancy in early 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Similar Places Nearby

    Blue Magnolia Catering 30A

    Map

    City
    Santa Rosa Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.0667683
    Latitude
    30.3421058

    Nearby Similar for Lease

    • $10,364 /Mo
      8,357 SF

      Versatile Commercial Space For Rent

      8,300 SF commercial space ideal for retail, office, restaurant.
      605 N Co Hwy 393, Santa Rosa Beach, FL 32459
      View Details
    • $11,000 /Mo
      7,307 SF

      Santa Rosa Beach Restaurant Space

      Restaurant space with full beverage permit in Santa Rosa Beach.
      2525 Us-98, Santa Rosa Beach, FL 32459
      View Details
    • $33 SF/Yr

      Retail and Flex Space Available

      New commercial complex with retail, showroom, warehouse, and flex spaces.
      4935 W 98 Hwy, Santa Rosa Beach, FL 32459
      View Details
    • $34 SF/Yr
      33,508 SF

      Retail and Flex Spaces Available

      New commercial retail and flex spaces coming in 2025.
      4935 W 98 Hwy, Santa Rosa Beach, FL 32459
      View Details
    • $18 SF/Yr
      2,500 SF

      Santa Rosa Beach Warehouse Space

      Versatile warehouse space with mezzanine and easy access to major routes.
      605 N Co Hwy, Santa Rosa Beach, FL 32459
      View Details
    • $20 SF/Yr
      6,000 SF

      Santa Rosa Beach Flex Space Building

      6,000 SF Flex Space - New Construction
      322 - 291 Goldsby Rd, Santa Rosa Beach, FL 32459
      View Details
    • $7,000 /Mo

      Versatile Office and Flex Space

      Adaptable commercial space in Santa Rosa Beach, Florida.
      790 6 /7, Santa Rosa Beach, FL 32459
      View Details
    • $20 SF/Yr
      6,000 SF

      Santa Rosa Beach Flex Space For Lease

      6,000 SF Flex Building, New Construction
      333 Goldsby Rd, Santa Rosa Beach, FL 32459
      View Details
    • $24 SF/Yr
      2,012 SF

      Santa Rosa Beach Medical Office Space

      Prime 2,012 SF medical office suites available.
      870 Mack Bayou Rd, Santa Rosa Beach, FL 32459
      View Details
    • $12,118 /Mo
      11,246 SF

      Subdividable Building with Drive-Thru

      Subdividable 11,246 SF building with drive-thru in Santa Rosa Beach.
      3208 Fl-30, Santa Rosa Beach, FL
      View Details
    • $24 SF/Yr
      5,798 SF

      Bayou Creek Medical Office Suite

      Prime Medical Office Space, Available May 1st
      870 Mack Bayou Rd, Santa Rosa Beach, FL 32459
      View Details
    • $10,364 /Mo

      Commercial Space with Catering Kitchen

      Versatile space ideal for restaurant, office, catering, or retail.
      605 4-A, Santa Rosa Beach, FL 32459
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with rollup doors, restrooms, vanilla shell build-out.
    Where is this flex space located?
    The property is located at Serenoa Rd Santa Rosa Beach, FL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location in South Walton Industrial Park, close to 30A, Panama City Beach, Freeport, and Destin.; - Flex space suitable for various uses.; - Each unit includes a 12’ rollup door.
    (850) 243-0007 Call to check price and availability
    Request Owner's contact information
    Serenoa Rd Santa Rosa Beach, FL 32459
    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.
    Serenoa Rd
    Santa Rosa Beach, FL 32459
    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
    Serenoa Rd Santa Rosa Beach, FL 32459
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Craig S Barrett
    Craig S Barrett
    Real Estate License ID: 3294646
    (850) 243-0007 (850) 217-0303
    Learn more
    Google sign-in failed. Please try again or use another login method.