Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24 Commercial Pkwy Santa Rosa Beach, FL 32459-3290
    Back to Search
    Property profile & analytics

    24 Commercial Pkwy, Santa Rosa Beach, FL 32459-3290

    View on Map
    • Warehouses
    • 7,000 SF
    • 0.52 lot acres
    Off-Market
    Property ID
    US18-2271604
    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.
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • grillparts.com / (Bike/Boat/Book/etc) Store / Home Appliance Store

    Property Details for 24 Commercial Pkwy

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    0.52 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    30-2S-20-33500-000-0080
    APU
    302S20335000000080

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 29, 2010 $550,000 D & A Soltis LLC Keener Properties LLC Warranty Deed $282k · First Florida Bank
    Jan 13, 2005 — Keener Properties LLC Keener,don A Quit Claim Deed · related $304k · Destin Bank
    Feb 10, 2003 $179,600 Don A Keener Emerald Coast Dev Group Lc Grant Deed —
    — — D & A Soltis LLC — Deed Of Trust · related $231k · First Florida Bank
    — — Keener Properties LLC — Deed Of Trust · related $46k · Whitney National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $715,000
      Market price range: $584k - $1.15M
      AI Estimate
      $330,000
      Market price range: $156k - $687k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $830,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.296
    Latitude
    30.3812
    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
    $5,817
    $162,859
    $574,871
    $737,730
    -
    $162,859
    $574,871
    $737,730

    Comparable in this City

    • Value Estimation
      $1,030,000
      11,920 SF

      605 County Hwy 393

      MINI-WAREHOUSE, STORAGE
      605 County Hwy 393, Santa Rosa Beach, FL 32459-5389
      View Details
    • Value Estimation
      $6,810,000
      100,059 SF

      7195 Us Hwy 98th E

      MINI-WAREHOUSE, STORAGE
      7195 Us Hwy 98th E, Santa Rosa Beach, FL 32459-6101
      View Details
    • Value Estimation by Request
      2,760 SF

      1719 County Hwy 393

      MINI-WAREHOUSE, STORAGE
      1719 County Hwy 393, Santa Rosa Beach, FL 32459-4219
      View Details
    • Value Estimation
      $530,000
      4,000 SF

      416 County Hwy 393

      MINI-WAREHOUSE, STORAGE
      416 County Hwy 393, Santa Rosa Beach, FL 32459-4266
      View Details
    • Value Estimation
      $1,125,000
      13,420 SF

      181 Lynn Dr

      MINI-WAREHOUSE, STORAGE
      181 Lynn Dr, Santa Rosa Beach, FL 32459-8200
      View Details
    • Value Estimation
      $4,420,000
      8,100 SF

      4935 County Hwy 30ab

      MINI-WAREHOUSE, STORAGE
      4935 County Hwy 30ab, Santa Rosa Beach, FL 32459-6532
      View Details

    Similar Nearby for Sale

    • $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
    • $949,000

      Blue Mountain Beach Warehouse

      2,520 SF warehouse in residential area near 30A.
      28-29 Flounder St, 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
    • Contact for pricing
      14,119 SF

      Santa Rosa Beach Mixed-Use Property

      14,000+ SF warehouse, showroom, and office in Santa Rosa Beach.
      73 Veterans Rd, Santa Rosa Beach, FL 32459
      View Details
    • Contact for pricing

      Own Climate-Controlled Storage in Florida

      Deeded storage units for sale in Santa Rosa Beach.
      108 Mc Davis Blvd, Santa Rosa Beach, FL 32459
      View Details
    • $3,500,000

      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

    Similar Nearby for Lease

    • $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
    • 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
    • $6,500 /Mo
      4,773 SF

      Santa Rosa Beach Warehouse/Office Space

      Light industrial warehouse with office in Santa Rosa Beach, Florida.
      605 N County Highway 393, Santa Rosa Beach, FL 32459
      View Details
    • $28,000

      Santa Rosa Beach Mixed-Use Space

      14,000+ SF warehouse, showroom, and office space for rent.
      73 Veterans Rd, 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.
    24 Commercial Pkwy
    Santa Rosa Beach, FL 32459-3290
    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
    24 Commercial Pkwy, 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!