Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Us Highway 98 Santa Rosa Beach, FL 32459
    Back to Search
    Property profile & analytics

    Us Highway 98 Santa Rosa Beach, FL 32459

    View on Map
    • Land
    • 1.09 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Us Highway 98

    Lot size
    1.09 lot acres
    Property type
    Land

    Description

    This exceptional 1.09-acre commercial land parcel presents a unique investment opportunity in the thriving Santa Rosa Beach, Florida market. Located on East US Highway 98, this property boasts significant highway frontage, ensuring high visibility and accessibility for any commercial venture. Its strategic location offers immediate proximity to regional utilities, simplifying development and operational costs. The expansive lot size provides ample space for a variety of commercial uses, from retail establishments and restaurants to office buildings or other suitable developments. The address is listed as TBD E US Hwy 98, Santa Rosa Beach, Florida, 32459, within Walton County. The property's geographical coordinates are 30.3654634 latitude and -86.1804291 longitude. This prime location offers exceptional potential for significant return on investment, given its high-traffic area and convenient access to regional infrastructure. The asking price for this remarkable property is $850,000. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land parcel offers. The property is classified as commercial land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.1804
    Latitude
    30.3655

    Comparable in this City

    • Value Estimation by Request
      65.00 Acres

      4401 Us-98

      Land • 65.00 Acres
      4401 Us-98, Santa Rosa Beach, FL 32459
      View Details
    • Value Estimation by Request

      5 County Highway 30A

      Land
      5 County Highway 30A, Santa Rosa Beach, FL 32459
      View Details
    • Value Estimation by Request
      1.50 Acres

      Santa Rosa Beach, FL 32459

      Land • 1.50 Acres
      Santa Rosa Beach, FL 32459
      View Details
    • Value Estimation by Request
      1.46 Acres

      Us-98

      Land • 1.46 Acres
      0 Us-98, Santa Rosa Beach, FL 32459
      View Details
    • Value Estimation by Request
      43,560 SF

      4858 Us-98

      Restaurants • 43,560 SF
      4858 Us-98, Santa Rosa Beach, FL 32459
      View Details
    • Value Estimation by Request
      3.20 Acres

      6925 Us-98

      Land • 3.20 Acres
      6925 Us-98, Santa Rosa Beach, FL 32459
      View Details

    Similar Nearby for Sale

    • $59,500

      Land For Sale

      Land available for purchase in Santa Rosa Beach, Florida.
      8 5 St, Santa Rosa Beach, FL 32459
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase in Santa Rosa Beach, Florida.
      17 Eddy Ln, Santa Rosa Beach, FL 32459
      View Details
    • $280,000

      209 E Nursery Road, Santa Rosa Beach, FL 32459

      Land
      209 E Nursery Rd, Santa Rosa Beach, FL 32459
      View Details
    • $409,000

      00 Indian Woman Road, Santa Rosa Beach, FL 32459

      Land
      00 Indian Woman Rd, Santa Rosa Beach, FL 32459
      View Details
    • $3,500,000

      Land for Sale

      Land available for sale in Santa Rosa Beach, Florida.
      270 N Garden Lane Dr, Santa Rosa Beach, FL 32459
      View Details
    • $200,000
      0.26 Acres

      Land Near Santa Rosa Beach

      Land close to Mack Bayou and Sacred Heart Hospital.
      Turquoise Bch Dr, Santa Rosa Beach, FL 32459
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      172,933 SF

      Prime Santa Rosa Beach Commercial Space

      172,933 SF Warehouse/Office Pre-Leasing
      0 N County 393 Highway, Santa Rosa Beach, FL 32459
      View Details
    • $3 SF/Yr

      Prime Corner Land Lease Opportunity

      Land lease opportunity in Santa Rosa Beach, Florida.
      2556 Us Highway 98 W, Santa Rosa Beach, FL 32459
      View Details
    • Contact for pricing

      Versatile Flex Space Available

      End-cap flex space in 393 North Business Park.
      790 N County Highway 393, Santa Rosa Beach, FL 32459
      View Details
    • Contact for pricing

      Class A Office Suites

      Modern office space in South Walton County for rent.
      116 Mc Davis Blvd, Santa Rosa Beach, FL 32459
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Grayton Corners

      Retail spaces available in Grayton Corners retail center.
      32 East County Highway 30A, Santa Rosa Beach, FL 32459
      View Details
    • $35 SF/Yr
      11,200 SF

      Retail Space on US Highway

      Retail suites available in Santa Rosa Beach shopping center.
      4552 U.S Us Highway 98, Santa Rosa Beach, FL 32459
      View Details
    Request Owner's contact information
    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.
    Us Highway 98
    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
    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

    Thank You for Inquiry
    Us Highway 98, Santa Rosa Beach, FL, 32459
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!