Two-Unit Flex
For Sale
Contact for pricing
132 Market St, Santa Rosa Beach, FL 32459
Climate-controlled commercial space with separate metering, overhead doors, and finished interiors.
Property Size5,000 SF
Lot Size0.50 Acres
Price / SF$265
Days on Market18
Property Features for 132 Market St
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.50 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Power
450 amps
Conditioned Warehouse
Yes
Building Details
Buildings
1
Building Size
5,000 SF
Listing Agency:
Taylor Allen Properties LLC
(850) 687-4075
Listed By:
Chad Knaepple CCIM, SIOR
(850) 687-4075
Source:
Moodyscre
Added: Jul 15
Changed: Jul 31
Last Checked: Jul 31 at 8:20PM
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-square-foot flex property is configured as two separately metered 2,500-square-foot units. The building is fully air conditioned and features 16-foot eave heights, 12-by-15-foot overhead doors, sealed floors, finished sheetrock walls, and skylights that provide natural light. Electrical service totals 450 Amps.
Unit 1 includes a 120+/- square-foot office, a large open work area, and an open kitchen. Unit 2 offers another large open work area with a private office. The property occupies 1/2 acre at 132 Market St in Santa Rosa Beach, Florida. The seller will lease back the property through March 2027.
Unit 1 includes a 120+/- square-foot office, a large open work area, and an open kitchen. Unit 2 offers another large open work area with a private office. The property occupies 1/2 acre at 132 Market St in Santa Rosa Beach, Florida. The seller will lease back the property through March 2027.
Key Highlights
- 5,000sf climatized warehouse on 1/2 acre
- Two 2,500sf units with separate metering
- Fully air conditioned with 16ft eave heights
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.0k | $21.00 |
| − Vacancy | −$21.0k | −$4.20 |
| EGI | $84.0k | $16.80 |
| − OpEx | −$21.0k | −$4.20 |
| NOI | $63.0k | $12.60 |
5,000 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
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
Current Use
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 - Climate-controlled commercial space with separate metering, overhead doors, and finished interiors.
Where is this flex space located?
The property is located at 132 Market St 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: 5,000sf climatized warehouse on 1/2 acre; Two 2,500sf units with separate metering; Fully air conditioned with 16ft eave heights
