Office Warehouse with Two
For Sale
$1,325,000
132 Market Street A & B, 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
Price / SF$265
Days on Market89
Property Features for 132 Market Street A & B
General Information
Standard status
Active
Size
5,000 SF
Additional Details
Heavy Power
Yes
Building Details
Tenancy
Multi
Listing Agency:
Taylor Allen Properties LLC
Listed By:
Chad Knaepple · License #3050854
(850) 687-4075
Source:
Kimandcompany
Added: Jul 24
Changed: Oct 10
Last Checked: Oct 7 at 2:26PM
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
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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 / Yr
$46,644
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,880
$932.9K
Cap Rate 7%
$666,343
$666.3K
Cap Rate 9%
$518,267
$518.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$78.0K $15.60/SF
− Vacancy
−$6.2K −$1.25/SF
EGI
$71.8K $14.35/SF
− OpEx
−$25.1K −$5.02/SF
NOI
$46.6K $9.33/SF
Area
Walton County, FL
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,880
Cap Rate 7%
$666,343
Cap Rate 9%
$518,267
Alternative Uses
Best Use
Flex RnD
$666.3K
$583.1K – $777.4K
NOI $46,644 @ 7.0% cap · market cap 3.52%
Second Best
Warehouse
$614.2K
$537.4K – $716.6K
NOI $42,995 @ 7.0% cap · market cap 3.24%
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.
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Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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 A & B 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
