Class A Office Investment
For Sale
$10,500,000
6925 Us Highway 98 E, Santa Rosa Beach, FL 32459
High-growth market office property with stable tenant mix.
Property Size33,000 SF
Days on Market151
Property Features for 6925 Us Highway 98 E
General Information
Standard status
Active
Size
33,000 SF
Class
A
Property subtype
Office - General Office
Building Details
Building Size
33,000 SF
Year Built
2022
Units
17
Listing Agency:
Graham & Company
Listed By:
Jason Carnes
(850) 830-6593
Source:
Commercialcafe
Added: May 15
Changed: Aug 8
Last Checked: Aug 8 at 7:10AM
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 Class A office property is located on Highway 98 in Santa Rosa Beach, Florida, offering prominent frontage on the highway. It shares access with the Wal-Mart Neighborhood Market, Dune Lakes Elementary, and the Walton Sports Complex. Situated in the South Walton submarket, the property benefits from its proximity to 30A. The property provides ample parking and is newly constructed. It is a stabilized, income-producing office investment in a high-demand, high-growth market with limited commercial inventory in the area. The property is 94% leased with a $789,000 net operating income and a diversified, stable tenant mix. Tenants are service-based and local.
Key Highlights
- Stabilized, income‑producing office investment with $789,000 NOI.
- Located in the high‑demand, high‑growth South Walton submarket with limited commercial inventory.
- 94% leased with a diversified, stable tenant mix of service‑based/local businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$415,800
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,316,000
$8.3M
Cap Rate 7%
$5,940,000
$5.9M
Cap Rate 9%
$4,620,000
$4.6M
Market Conditions
NOI Build-Up for 33,000 SF
Gross rent
$693.0K $21.00/SF
− Vacancy
−$138.6K −$4.20/SF
EGI
$554.4K $16.80/SF
− OpEx
−$138.6K −$4.20/SF
NOI
$415.8K $12.60/SF
Area
Walton County, FL
Vacancy
20.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,316,000
Cap Rate 7%
$5,940,000
Cap Rate 9%
$4,620,000
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - High-growth market office property with stable tenant mix.
Where is this office building located?
The property is located at 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: Stabilized, income‑producing office investment with $789,000 NOI.; Located in the high‑demand, high‑growth South Walton submarket with limited commercial inventory.; 94% leased with a diversified, stable tenant mix of service‑based/local businesses.
