Santa Rosa Beach Flex
For Sale
$1,675,000
322 - 291 Goldsby Rd, Santa Rosa Beach, FL 32459
+/- 6,000 SF Commercial Flex Space Building For Sale
Property Size6,000 SF
Lot Size0.13 Acres
Price / SF$279.17
Days on Market619
Property Features for 322 - 291 Goldsby Rd
General Information
Standard status
Active
Property type
Flex space, Warehouses, Other industrial properties, Industrial properties
Size
6,000 SF
Elevators
N/A
Lot size
0.13 Acres
Building Details
Year Built
2024
Buildings
1
Stories
1
Units
2
Listed By:
Paul Salter
(850) 564-0120
Added: Jan 31, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This commercial flex space building, offering approximately 6,000 square feet, is located on a 0.13-acre lot in Santa Rosa Beach, Florida. The free-standing building is currently under construction and scheduled for completion by February 1, 2025. It will be delivered in shell condition. The building features a 20-foot ceiling height, two entrances, and two 12x14 roll-up doors. Electrical and plumbing systems are roughed-in. The building is comprised of two units, providing flexibility. This property presents an opportunity for owner-occupiers or investors in the Santa Rosa Beach market.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,973
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,460
$1.1M
Cap Rate 7%
$799,614
$799.6K
Cap Rate 9%
$621,922
$621.9K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$93.6K $15.60/SF
− Vacancy
−$7.5K −$1.25/SF
EGI
$86.1K $14.35/SF
− OpEx
−$30.1K −$5.02/SF
NOI
$56.0K $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%
$1,119,460
Cap Rate 7%
$799,614
Cap Rate 9%
$621,922
Alternative Uses
Best Use
Flex RnD
$799.6K
$699.7K – $932.9K
NOI $55,973 @ 7.0% cap · market cap 3.34%
Second Best
Warehouse
$737.1K
$644.9K – $859.9K
NOI $51,594 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,624 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
50
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - +/- 6,000 SF Commercial Flex Space Building For Sale
Where is this flex space located?
The property is located at 322 - 291 Goldsby Rd Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $1,675,000.
