Add Listing
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

    15 Pne St Santa Rosa Beach, FL 32459-5849

    • Office buildings
    • 3,931 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $1,020,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6001782
    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

    • Ocean Reef Vacation Rentals & Real Estate / Vacation Rental / Real Estate Agency
    • Beachwood Villa by Rivard / Hotel & Motel

    Property Details for 15 Pne St

    Year built
    1991
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    3,931 SF
    Property type
    Office buildings
    APN
    17-3S-19-25020-017-0110
    APU
    173S19250200170110

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $880,000
      6.5%
      $815,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $966,000
      Market price range: $223k - $966k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,355,000
      Current use
      COMMERCIAL (GENERAL)
      $1,340,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.168
    Latitude
    30.3342
    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
    $14,392
    $700,000
    $1,169,643
    $1,869,643
    -
    $700,000
    $1,169,643
    $1,869,643

    Comparable in this City

    • Value Estimation
      $810,000
      4,249 SF

      3305 County Hwy 30a

      OFFICE BUILDING • 4,249 SF
      3305 County Hwy 30a, Santa Rosa Beach, FL 32459-4597
      View Details
    • Value Estimation
      $1,400,000
      8,160 SF

      639 Serenoa Rd

      OFFICE BUILDING • 8,160 SF
      639 Serenoa Rd, Santa Rosa Beach, FL 32459-5045
      View Details
    • Value Estimation
      $1,045,000
      5,451 SF

      5551 Us Hwy 98th W

      OFFICE BUILDING • 5,451 SF
      5551 Us Hwy 98th W, Santa Rosa Beach, FL 32459-3566
      View Details
    • Value Estimation
      $790,000
      4,944 SF

      1414 County Hwy 283rd S

      OFFICE BUILDING • 4,944 SF
      1414 County Hwy 283rd S, Santa Rosa Beach, FL 32459-5783
      View Details
    • Value Estimation
      $515,000
      2,620 SF

      2441 Us Hwy 98th W Ste, Unit 106

      OFFICE BUILDING • 2,620 SF
      2441 Us Hwy 98th W Ste, Santa Rosa Beach, FL 32459-5386
      View Details
    • Value Estimation by Request
      1,270 SF

      2441 Us Hwy 98th W Ste, Unit 109

      OFFICE BUILDING • 1,270 SF
      2441 Us Hwy 98th W Ste, Santa Rosa Beach, FL 32459-5386
      View Details

    Similar Nearby for Sale

    • $3,500,000

      Income-Producing Office Building Near 30A

      Recently renovated office building with four units near Seaside and Watercolor.
      45 Sugar Sand Ln, Santa Rosa Beach, FL 32459
      View Details
    • Contact for pricing

      Class-A Office/Medical Space Available

      Prime office/medical space in Santa Rosa Beach, Florida.
      6757 Us Highway 98 W, Santa Rosa Beach, FL 32459
      View Details
    • $1,550,000

      Renovated Office Building on 30A

      Stand-alone renovated office building with multiple private offices on 30A.
      2395 W County Highway 30A, Santa Rosa Beach, FL 32459
      View Details
    • Contact for pricing
      5,798 SF

      Office/Medical Space Near Sacred Heart

      Office or medical space for lease near Sacred Heart Medical Center.
      870 Mack Bayou Rd, Santa Rosa Beach, FL 32459
      View Details
    • $1,100,000
      0.30 Acres

      Scenic Highway 30A Development Opportunity

      0.30-acre lot for mixed-use development near the Gulf.
      6745 W County Highway 30A, Santa Rosa Beach, FL 32459
      View Details
    • $4,195,000

      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

    Similar Nearby for Lease

    • $32 SF/Yr
      1,740 SF

      Prime 30A Office Space Available

      1740 SF Office, Ground Floor, NNN Lease
      1732 W County Highway 30a, Santa Rosa Beach, FL 32459
      View Details
    • $31 SF/Yr
      2,259 SF

      Santa Rosa Beach Office Space

      Class-A office and medical space for lease in Florida.
      6757 Us Highway 98, Santa Rosa Beach, FL 32459
      View Details
    • $7,000 /Mo
      22,000 SF

      Santa Rosa Beach Flex Space

      Adaptable office, flex, and warehouse space in Santa Rosa Beach.
      790 N County Hwy 393 #6, Santa Rosa Beach, FL 32459
      View Details
    • $7,000 /Mo

      Refreshed Office Space in Santa Rosa

      Move-in ready office space in the heart of Santa Rosa Beach.
      605 N County Highway 393, Santa Rosa Beach, FL 32459
      View Details
    • $2,100 /Mo
      11,800 SF

      Professional Office Suite For Lease

      Professional office suite for lease in Santa Rosa Beach.
      2930 W County Highway 30A, Santa Rosa Beach, FL 32459
      View Details
    • Contact for pricing
      2,500 SF

      Class A Office Space Available

      Modern office space in a desirable South Walton County location.
      116 Mc Davis Blvd, 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.
    15 Pne St
    Santa Rosa Beach, FL 32459-5849
    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!