Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Us Highway 98 Santa Rosa Beach, FL 32459

    Property Lookup

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

    Us Highway 98 Santa Rosa Beach, FL 32459

    View on Map
    • Retail properties & Spaces
    • 12,000 SF
    • 1.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Us Highway 98

    Year built
    2024
    Lot size
    1.30 lot acres
    Property size
    12,000 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail space, situated on US Hwy 98 W in Santa Rosa Beach, Florida (zip code 32459), presents a unique investment opportunity. The property boasts a highly visible location on a major thoroughfare with an impressive 44,000 average annual daily traffic count. This newly constructed (2024) retail center comprises two single-story buildings totaling 12,000 square feet. Currently, one space remains available, offering 1,200 square feet of contiguous space, ideal for a variety of restaurant concepts. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 1,500 square feet. The property sits on a 1.29-acre lot and provides ample parking with a ratio of 4 spaces per 1,000 square feet. This location benefits from its proximity to Scenic Highway 30A and the popular South Walton beaches, surrounded by a high-income demographic and experiencing rapid population growth. The property offers competitive lease terms and excellent accessibility. Don't miss this chance to establish your business in one of Florida's fastest-growing areas.

    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
    -86.2554
    Latitude
    30.3752

    Comparable in this City

    • Value Estimation by Request

      10,882 SF Grayton Corners Shopping Center For Sale

      10,882 SF Grayton Corners Shopping Center For Sale
      32 E County Hwy 30A, Santa Rosa Beach, FL 32459
      View Details
    • Value Estimation by Request
      33,508 SF

      4935 Us-98

      Restaurants • 33,508 SF
      4935 Us-98, Santa Rosa Beach, FL 32459
      View Details
    • Value Estimation by Request
      31,640 SF

      4942 Us-98

      Retail properties & Spaces • 31,640 SF
      4942 Us-98, Santa Rosa Beach, FL 32459
      View Details
    • Value Estimation by Request
      2,304 SF

      3582 Us-98

      Restaurants • 2,304 SF
      3582 Us-98, Santa Rosa Beach, FL 32459
      View Details
    • Value Estimation by Request

      1,427 SF 30A Seagrove High Traffic Commercial Store For Sale

      1,427 SF 30A Seagrove High Traffic Commercial Store For Sale
      43 Cassine Way, 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

    Similar Nearby for Sale

    • $12,499,000

      Seagrove Beach Redevelopment Opportunity

      2.35-acre commercial redevelopment site along Scenic Highway 30A.
      3723 E County Highway 30A, Santa Rosa Beach, FL 32459
      View Details
    • $7,200,000
      12,000 SF

      New Retail Investment in Florida

      New Class A retail strip center in Santa Rosa Beach.
      4688 Us Highway 98, Santa Rosa Beach, FL 32459
      View Details
    • $2,900,000

      Commercial Land on 30A

      Prime commercial land suitable for retail, restaurant, or hotel.
      6900 W County Highway 30A, Santa Rosa Beach, FL 32459
      View Details
    • $1,495,000
      991 SF

      Retail Storefront on Scenic 30A

      Prime commercial retail space with high visibility on Scenic 30A.
      4368 W County Highway 30A, Santa Rosa Beach, FL 32459
      View Details
    • $1,995,000

      Prime Retail Storefront on Scenic

      Commercial retail space on Scenic 30A in Santa Rosa Beach.
      4368 W County Hwy 30A #102, Santa Rosa Beach, FL 32459
      View Details
    • $3,995,000

      New Car Wash For Sale

      State-of-the-art car wash in a flourishing Florida market.
      3105 Us Highway 98, Santa Rosa Beach, FL 32459
      View Details

    Similar Nearby for Lease

    • $11,000 /Mo
      7,307 SF

      Santa Rosa Beach Restaurant Space

      Restaurant space with full beverage permit in Santa Rosa Beach.
      2525 Us Highway 98, 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
      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
    • $28 SF/Yr
      33,508 SF

      Retail and Flex Spaces Available

      New commercial retail and flex spaces coming in 2025.
      4935 W 98 Hwy, Santa Rosa Beach, FL 32459
      View Details
    • Contact for pricing
      11,246 SF

      Subdividable Building with Drive-Thru

      Subdividable 11,246 SF building with drive-thru in Santa Rosa Beach.
      3214 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

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