Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1598 S County Highway 393 Santa Rosa Beach, FL 32459

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multi-tenant retail/office property in a desirable coastal location.

    Property size:
    7,962 SF
    Lot size:
    0.91 Acres

    Property Features for 1598 S County Highway 393

    General Information

    Standard status
    Active
    Zoning
    Commercial
    Size
    7,962 SF
    Lot size
    0.91 Acres

    Building Details

    Year built
    2004

    We can help!

    Listing Contact
    Samad Valiani
    Source: Crexi

    Listing Agency: Marcus & Millichap - Orlando Listing Agent: Samad Valiani

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

    Learn more

    Overview

    Fully Leased Santa Rosa Beach Property

    Located in Santa Rosa Beach, Florida, 1598 S County Highway 393 (Sunset Promenade) is a fully leased, multi-tenant retail/office property situated in the South Walton / 30A market. Constructed in 2004, this single-story building features approximately 7,962 square feet of Gross Leasable Area on a 0.91-acre lot. The property benefits from frontage and visibility along South County Highway 393, a commercial corridor that serves local residents and tourists. Located south of Scenic Highway 30A and minutes from the Gulf of Mexico, the property is positioned near beach access points, vacation rentals, residential communities, and retail corridors, enhancing consumer traffic. The property is 100% occupied with a mix of Double Net (NN) and Triple Net (NNN) lease structures. The tenant mix reflects demand in the Santa Rosa Beach market, supported by demographics, tourism, and residential growth throughout the 30A corridor.
    Location Intelligence

    Current Use by Public Records

    Ocean Nails Nail Salon Zen Releaf Alternative Medicine Practice South Of Philly 30A Take-out & Catering Grayt-A Construction LLC Construction Company Perry D. Hight, ... Weight Loss Service

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Real Estate Agency Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.228449
    Latitude
    30.396596

    Nearby Similar for Sale

    • $999,999
      4,600 SF

      Santa Rosa Beach Multi-Unit Building

      Multi-unit building in Santa Rosa Beach with great rental income.
      108 Don Bishop Rd, Santa Rosa Beach, FL 32459
      View Details
    • $499,999
      1,072 SF

      Seagrove Townhome with Pond Views

      Charming 2-bedroom townhome in Seagrove Beach with water views.
      195 Cassine Garden Cir, Santa Rosa Beach, FL 32459
      View Details
    • $999,999
      4,604 SF

      Santa Rosa Beach Multifamily Investment

      Four-unit multifamily property in Santa Rosa Beach, Florida.
      108 Don Bishop Rd, Santa Rosa Beach, FL 32459
      View Details
    • $3,500,000
      0.67 Acres

      Seagrove Mixed-Use Development Opportunity

      Mixed-use development opportunity in Seagrove, currently a self-storage facility.
      10 Sugar Sand Ln, Santa Rosa Beach, FL 32459
      View Details
    • $565,000
      1,252 SF

      Santa Rosa Beach End Unit

      Two-bedroom end unit near beaches, shops, and restaurants.
      111 Cassine Garden Cir, Santa Rosa Beach, FL 32459
      View Details
    • New
      $255,000
      1,496 SF

      Updated Townhome Near Scenic 30A

      Updated townhome near beaches, ideal for residence or rental.
      65 Crossing Ln, Santa Rosa Beach, FL 32459
      View Details
    • $950,000
      0.26 Acres

      Waterfront Lot with Carriage House

      Point Washington lot with carriage house, dock, and boat lift.
      341 Little Canal Dr, Santa Rosa Beach, FL 32459
      View Details
    • Contact for pricing
      5,798 SF

      Office/Medical Space Near Sacred Heart

      Office or medical space for lease near Sacred Heart Medical Center.
      870 Mack Bayou Rd, Santa Rosa Beach, FL 32459
      View Details
    • $1,550,000

      Renovated Office Building on 30A

      Stand-alone renovated office building with multiple private offices on 30A.
      2395 W County Highway 30A, Santa Rosa Beach, FL 32459
      View Details
    • Contact for pricing

      Class-A Office/Medical Space Available

      Prime office/medical space in Santa Rosa Beach, Florida.
      6757 Us Highway 98 W, Santa Rosa Beach, FL 32459
      View Details
    • $1,450,000

      Retail Storefront on Scenic 30A

      Prime retail space with high visibility on Scenic 30A.
      4368 W County Highway 30A, Santa Rosa Beach, FL 32459
      View Details
    • $1,495,000
      991 SF

      Retail Storefront on Scenic 30A

      Prime commercial retail space with high visibility on Scenic 30A.
      4368 W County Highway 30A, Santa Rosa Beach, FL 32459
      View Details

    FAQs

    What type of property is this?
    Strip mall - Multi-tenant retail/office property in a desirable coastal location.
    Where is this strip mall located?
    The property is located at 1598 S County Highway 393 Santa Rosa Beach, FL.
    What are key features of this property?
    This property features: - Located in the highly sought-after South Walton / 30A market in Santa Rosa Beach, Florida.; - 100% occupied with a mix of Double Net (NN) and Triple Net (NNN) leases, providing stable and predictable cash flow.; - Excellent frontage and visibility on South County Highway 393, a primary commercial corridor.
    Request Owner's contact information
    1598 S County Highway 393 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.
    1598 S County Highway 393
    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
    1598 S County Highway 393 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!
    Listing Contact
    Samad Valiani
    Real Estate License ID: SL3621530
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!