Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tbd Origins Main St Watersound, FL 32461

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Tbd Origins Main St Watersound, FL 32461

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Tbd Origins Main St

    Property type
    Retail properties & Spaces

    Description

    This exceptional 12,935-square-foot retail space is situated within the vibrant Watersound Town Center, a thriving lifestyle center at the entrance to the Watersound Origins residential community. Located on the highly visible corner of Origins Main Street and Plaza Way, this single-tenant, ground-floor unit offers unparalleled exposure along US Highway 98, a primary transportation route. The building, designated Building 11, is part of a new construction project with an anticipated completion date in the fourth quarter of 2025. This prime location benefits from the established presence of numerous successful businesses, including Starbucks, Publix, FedEx, and a variety of restaurants, medical services, and retail shops. The lease terms include a base rent and percentage rent structure, with tenant improvement allowances (TIA) available to assist with build-out. This presents a unique opportunity for businesses seeking high visibility and access to a strong customer base within a rapidly growing community. The property's APN is 23-3S-18-16000-001-0040. The space is ideal for a variety of retail uses and offers significant potential for growth and success. Contact us today to learn more about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Watersound
    County
    State
    Florida
    Longitude
    -86.0081
    Latitude
    30.2769

    Comparable in this City

    • Value Estimation by Request

      9961 County Highway 30A

      Individual retail properties
      9961 County Highway 30A, Rosemary Beach, FL 32461
      View Details
    • Value Estimation
      $1,635,000
      11,100 SF

      438 Fazio Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 11,100 SF
      438 Fazio Dr, Inlet Beach, FL 32461-6928
      View Details
    • Value Estimation by Request
      12,935 SF

      Tbd Origins Main St

      Retail properties & Spaces • 12,935 SF
      Tbd Origins Main St, Watersound, FL 32461
      View Details
    • Value Estimation by Request

      74 Origins Main St

      Retail properties & Spaces
      74 Origins Main St, Watersound, FL 32461
      View Details
    • Value Estimation by Request
      5,131 SF

      84 Piney Sand Trl

      FINANCIAL BUILDING • 5,131 SF
      84 Piney Sand Trl, Inlet Beach, FL 32461
      View Details
    • Value Estimation by Request
      1,170 SF

      15 Hub Lnk

      RETAIL STORES (PERSONAL SERVICES) • 1,170 SF
      15 Hub Lnk, Inlet Beach, FL 32461-0835
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Scenic Highway 30-A Retail Space

      Desirable professional/retail space in a sought-after resort community.
      9961 E County Highway 30A, Rosemary Beach, FL 32461
      View Details
    • $1,799,000

      Inlet Beach Commercial Opportunity

      Remodeled commercial building with highway frontage in Inlet Beach.
      13514 E Emerald Coast Pkwy, Inlet Beach, FL 32461
      View Details
    • $1,395,000

      Scenic 30A Commercial Space

      Premier commercial space on Scenic 30A in South Walton County.
      20 Hub Ln, Inlet Beach, FL 32461
      View Details
    • $329,000
      0.10 Acres

      Inlet Beach Homesite Opportunity

      Homesite in Grande Pointe near beach access and coastal amenities.
      W Grande Pointe Blvd, Inlet Beach, FL 32461
      View Details
    • $970,000
      1,747 SF

      Inlet Beach Townhome with Amenities

      3-bedroom townhome near the beach with resort-style amenities.
      53 E Pine Lands Loop, Inlet Beach, FL 32461
      View Details
    • $2,999,000
      0.65 Acres

      Inlet Beach Commercial Land Parcel

      Cleared 0.65-acre commercial land parcel in Inlet Beach, Florida.
      13161 Us-98, Inlet Beach, FL 32461
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr

      Watersound Town Center Office Space

      Professional office space available in Watersound Town Center for rent.
      50 Origins Main St, Inlet Beach, FL 32461
      View Details
    • $40 SF/Yr
      16,488 SF

      Watersound Town Center Office Space

      Professional office space for lease in Watersound Town Center.
      50 Origins Main St, Inlet Beach, FL 32461
      View Details
    • $3,825 /Mo

      Watersound Inn Class A Office

      Class A office space in Watersound Inn Hotel.
      6652 Gh-5, Watersound, FL 32461
      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.
    Tbd Origins Main St
    Watersound, FL 32461
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!