Three-Story Class A Office
301-6925 Us Highway 98 E Santa Rosa Beach, FL 32459
For Sale
$10,500,000
Three-story Class A building with a partially available suite for office tenants or future leasing.
Property Size33,000 SF
Price / SF$318.18
Days on Market91
Property Features for 301-6925 Us Highway 98 E
General Information
Standard status
Active
Size
33,000 SF
Listing Agency:
Graham & Company
(850) 830-6593
Listed By:
Jason L Carnes
(850) 830-6593
Source:
Exprealty
Added: Apr 28
Changed: Jul 10
Last Checked: Jul 26 at 5:43PM
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 Graham & Company
Investment Insights
Based on property information with market context.
This three-story Class A office building offers a diversified, mostly occupied tenant roster, currently reported as 94% leased. The property totals approximately 33,000 SF and includes an available space of 1,824 SF for new or expanding office users. The offering is presented for sale with reported net operating income of $790,000+.
The building is located at 301-6925 US Highway 98 E in Santa Rosa Beach, Florida. As reflected in the remarks, tenant leases are described as long-term, supporting a stable in-place occupancy profile for an incoming owner or leasing partner.
With 1,824 SF currently available for lease, this property can accommodate a range of office tenants seeking a Class A setting within a multi-tenant environment. For buyers, the combination of reported long-term occupancy and a remaining lease-up opportunity may appeal to those looking to acquire an operating office asset with existing tenant diversification and immediate options for leasing the remaining space.
The building is located at 301-6925 US Highway 98 E in Santa Rosa Beach, Florida. As reflected in the remarks, tenant leases are described as long-term, supporting a stable in-place occupancy profile for an incoming owner or leasing partner.
With 1,824 SF currently available for lease, this property can accommodate a range of office tenants seeking a Class A setting within a multi-tenant environment. For buyers, the combination of reported long-term occupancy and a remaining lease-up opportunity may appeal to those looking to acquire an operating office asset with existing tenant diversification and immediate options for leasing the remaining space.
Key Highlights
- $790,000+ net operating income from a 33,000 SF, 3‑story Class A office building
- 94% leased with a diversified tenant mix
- 1,824 SF available for lease within the building
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 | $693.0k | $21.00 |
| − Vacancy | −$138.6k | −$4.20 |
| EGI | $554.4k | $16.80 |
| − OpEx | −$138.6k | −$4.20 |
| NOI | $415.8k | $12.60 |
33,000 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.94M
$5.20M – $6.93M
NOI $415,800 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.30M
$7.26M – $9.68M
NOI $580,932 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Three-story Class A building with a partially available suite for office tenants or future leasing.
Where is this office building located?
The property is located at 301-6925 Us Highway 98 E Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: $790,000+ net operating income from a 33,000 SF, 3‑story Class A office building; 94% leased with a diversified tenant mix; 1,824 SF available for lease within the building
