Office Warehouse with Two
For Sale
$1,325,000
Pending
132 Market Street, Santa Rosa Beach, FL 32459
Office/showroom areas are heated and cooled, with two 14' roll-up doors serving separate warehouse-accessible suites.
Property Size5,000 SF
Days on Market33
Property Features for 132 Market Street
General Information
Standard status
Pending
Size
5,000 SF
Property subtype
General Commercial
Additional Details
Heavy Power
Yes
Amenities
3
Building Details
Tenancy
Multi
Listing Agency:
Taylor Allen Properties LLC
(850) 687-4075
Listed By:
Chad Knaepple
(850) 687-4075
Source:
Xome
Added: Jul 11
Changed: Aug 12
Last Checked: Aug 12 at 4:00AM
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 Taylor Allen Properties LLC
Investment Insights
Based on property information with market context.
This 5,000 SF office warehouse is currently configured as two separate 2,500 SF suites (Unit A and Unit B). Each suite includes office/showroom space that is heated and cooled, along with warehouse areas accessible via two 14' roll-up doors. The building can be opened up into a larger layout with minor demolition, providing flexibility for businesses that need more contiguous space.
The property is located in Santa Rosa Beach, FL. Three-phase power is in place to support industrial and light industrial operations.
Designed for mixed-use workflows, the combination of office-ready finishes, conditioned space, and direct roll-up door access supports a range of back-of-house and distribution needs within the existing two-suite configuration.
The property is located in Santa Rosa Beach, FL. Three-phase power is in place to support industrial and light industrial operations.
Designed for mixed-use workflows, the combination of office-ready finishes, conditioned space, and direct roll-up door access supports a range of back-of-house and distribution needs within the existing two-suite configuration.
Key Highlights
- 5,000 SF office warehouse in Santa Rosa Beach, FL
- Currently divided into two 2,500 SF suites; can be opened into one space with minor demolition
- 3‑phase power in place
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
$63,000
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
4.75%
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%
$1,260,000
$1.3M
Cap Rate 7%
$900,000
$900.0K
Cap Rate 9%
$700,000
$700.0K
Market Conditions
NOI Build-Up for 5,000 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
$105.0K $21.00/SF
− Vacancy
−$21.0K −$4.20/SF
EGI
$84.0K $16.80/SF
− OpEx
−$21.0K −$4.20/SF
NOI
$63.0K $12.60/SF
Area
Walton County, FL
Vacancy
20.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,260,000
Cap Rate 7%
$900,000
Cap Rate 9%
$700,000
Alternative Uses
Best Use
Office B
$900.0K
$787.5K – $1.05M
NOI $63,000 @ 7.0% cap · market cap 4.75%
Second Best
Flex RnD
$666.3K
$583.1K – $777.4K
NOI $46,644 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,020 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office/showroom areas are heated and cooled, with two 14' roll-up doors serving separate warehouse-accessible suites.
Where is this flex space located?
The property is located at 132 Market Street Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 5,000 SF office warehouse in Santa Rosa Beach, FL; Currently divided into two 2,500 SF suites; can be opened into one space with minor demolition; 3‑phase power in place
