Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10 Sugar Sand Ln Santa Rosa Beach, FL 32459

    • Warehouses
    • 6,600 SF
    • 0.67 lot acres
    For Sale
    View listing
    $3,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0084147
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 10 Sugar Sand Ln

    Year built
    1993
    Lot size
    0.67 lot acres
    Property size
    6,600 SF
    Property type
    Warehouses
    APN
    24-3S-19-25120-000-0100
    APU
    243S19251200000100

    Description

    This exceptional 29,185 square foot parcel presents a unique investment opportunity in the highly desirable 30A area of Santa Rosa Beach, Florida. Located just east of Seaside and old Seagrove Beach, at 10 Sugar Sand Lane, zip code 32459, this property boasts a rare mixed-use zoning designation allowing for both commercial and residential development. Walton County planning permits up to four stories, envisioning a vibrant development with commercial spaces on the ground floor and residential units above. Currently operating as a warehouse storage facility, the seller is open to a leaseback arrangement, providing a seamless transition for the new owner while redevelopment plans are underway. This prime location offers unparalleled access to the area's renowned beaches and thriving tourism industry, making it an ideal site for a high-return investment. The asking price for this exceptional property is $3,650,000. Don't miss this chance to capitalize on the potential of this remarkable development site in one of Florida's most sought-after coastal destinations. The property's latitude and longitude coordinates are 30.3139347, -86.1101451 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $324,000
      Market price range: $147k - $648k

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.1102
    Latitude
    30.3139
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,560
    $0.00
    $724,547
    $724,547
    -
    $0.00
    $724,547
    $724,547

    Comparable in this City

    • Value Estimation
      $250,000
      9,030 SF

      322 Lynn Dr

      MINI-WAREHOUSE, STORAGE • 9,030 SF
      322 Lynn Dr, Santa Rosa Beach, FL 32459-4201
      View Details
    • Value Estimation
      $175,000
      7,296 SF

      625 Serenoa Rd

      MINI-WAREHOUSE, STORAGE • 7,296 SF
      625 Serenoa Rd, Santa Rosa Beach, FL 32459-5045
      View Details
    • Value Estimation
      $230,000
      1,500 SF

      14 Country Clb Dr

      WAREHOUSE, STORAGE • 1,500 SF
      14 Country Clb Dr, Santa Rosa Beach, FL 32459-4346
      View Details
    • Value Estimation
      $285,000
      10,000 SF

      605 County Hwy 393

      MINI-WAREHOUSE, STORAGE • 10,000 SF
      605 County Hwy 393, Santa Rosa Beach, FL 32459-5389
      View Details
    • Value Estimation
      $1,080,000
      99,367 SF

      250 Grayton Vlg Rd

      MINI-WAREHOUSE, STORAGE • 99,367 SF
      250 Grayton Vlg Rd, Santa Rosa Beach, FL 32459
      View Details
    • Value Estimation
      $285,000
      2,922 SF

      1217 Chat Holley Rd

      WAREHOUSE, STORAGE • 2,922 SF
      1217 Chat Holley Rd, Santa Rosa Beach, FL 32459-5424
      View Details

    Similar Nearby for Sale

    • $4,950,000

      Santa Rosa Beach Warehouse/Showroom/Office

      14,000+ SF warehouse, showroom, and office space for sale.
      73 Veterans Rd, Santa Rosa Beach, FL 32459
      View Details
    • $995,000

      Blue Mountain Beach Warehouse Space

      2,520 sq ft warehouse in residential Blue Mountain Beach.
      28-29 Flounder St, Santa Rosa Beach, FL 32459
      View Details
    • $1,575,000
      6,000 SF

      New Flex Space in Development

      6,000 SF flex space for sale or lease.
      Goldsby Rd, Santa Rosa Beach, FL 32459
      View Details
    • $4,400,000

      Modern Retail/Flex Building For Sale

      9,791 SF retail/flex building with highway frontage near Gulf.
      38 W Thompson Rd, Santa Rosa Beach, FL 32459
      View Details
    • $3,500,000
      0.67 Acres

      Seagrove Mixed-Use Development Opportunity

      Mixed-use development opportunity in Seagrove, currently a self-storage facility.
      10 Sugar Sand Ln, Santa Rosa Beach, FL 32459
      View Details
    • $565,000
      Pending

      Land in Gulf Shore Manor

      Residential lot with public gulf access in Santa Rosa Beach.
      Pelayo Ave, Santa Rosa Beach, FL 32459
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,500 SF

      Santa Rosa Beach Warehouse Space

      Versatile warehouse space with mezzanine and easy access to major routes.
      605 N Co Hwy, Santa Rosa Beach, FL 32459
      View Details
    • $110,000

      New Warehouses Under Construction

      70,460 SF in Santa Rosa Beach, available September 2025.
      70 460 Sf Serenoa Rd, Santa Rosa Beach, FL 32459
      View Details
    • $23 SF/Yr
      19,100 SF

      Santa Rosa Beach Warehouse Space

      Industrial warehouse space available for lease in Santa Rosa Beach.
      56 Gordonia Way, Santa Rosa Beach, FL 32459
      View Details
    • $20 SF/Yr
      30,000 SF

      Santa Rosa Beach Warehouse Space

      30,000 sqft warehouse space available for lease.
      217 Serenoa Rd, Santa Rosa Beach, FL 32459
      View Details
    • $12,119 /Mo
      11,246 SF

      Santa Rosa Beach Warehouse Space

      Available warehouse space in Santa Rosa Beach, Florida.
      98 New Plz Hwy W, Santa Rosa Beach, FL 32459
      View Details
    • $7,000 /Mo

      Versatile Office and Flex Space

      Adaptable commercial space in Santa Rosa Beach, Florida.
      790 6 /7, 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.
    10 Sugar Sand Ln
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.