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

    3008 Us Hwy 98th W Santa Rosa Beach, FL 32459-4052

    • Retail space
    • 11,500 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3181602
    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

    • Retail space

    Property Details for 3008 Us Hwy 98th W

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.18 lot acres
    Property size
    11,500 SF
    Zone code
    HWY 98
    Property type
    Retail space
    APN
    26-2S-20-33200-000-0491
    APU
    262S20332000000491

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $691,000
      Market price range: $692k - $2.89M
      AI Estimate
      $485,000
      Market price range: $486k - $1.83M

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.2285
    Latitude
    30.3745
    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
    $9,428
    $707,464
    $436,944
    $1,144,408
    -
    $707,464
    $436,944
    $1,144,408

    Comparable in this City

    • Value Estimation
      $740,000
      4,216 SF

      2236 County Hwy 30a

      RETAIL STORES (PERSONAL SERVICES) • 4,216 SF
      2236 County Hwy 30a, Santa Rosa Beach, FL 32459-6210
      View Details
    • Value Estimation by Request
      3,120 SF

      42 Us Hwy 98th W

      RETAIL STORES (PERSONAL SERVICES) • 3,120 SF
      42 Us Hwy 98th W, Santa Rosa Beach, FL 32459-5312
      View Details
    • Value Estimation
      $725,000
      5,424 SF

      109 Central Sq

      RETAIL STORES (PERSONAL SERVICES) • 5,424 SF
      109 Central Sq, Santa Rosa Beach, FL 32459-0808
      View Details
    • Value Estimation
      $900,000
      5,500 SF

      111 County Hwy 393

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
      111 County Hwy 393, Santa Rosa Beach, FL 32459-5366
      View Details
    • Value Estimation by Request
      2,303 SF

      99 Hotz Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,303 SF
      99 Hotz Ave, Santa Rosa Beach, FL 32459-5880
      View Details
    • Value Estimation
      $8,410,000
      0.23 Acres

      Us Hwy 98

      RETAIL STORES (PERSONAL SERVICES) • 0.23 Acres
      Us Hwy 98, Santa Rosa Beach, FL 32459
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $3,995,000

      New Car Wash on Highway

      State-of-the-art car wash in Santa Rosa Beach, Florida.
      3105 Us-98, Santa Rosa Beach, FL 32459
      View Details
    • $4,750,000

      Executive Car Wash: Santa Rosa Beach

      High-Volume Car Wash, Prime Location
      3105 Us Highway 98, 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
    • $1,475,000

      Premier Lakefront Homesite Opportunity

      Rare lakefront homesite on Eastern Lake, south of 30A.
      9 South Gulf Dr, Santa Rosa Beach, FL 32459
      View Details

    Similar Nearby for Lease

    • $10,364 /Mo
      8,357 SF

      Versatile Commercial Space For Rent

      8,300 SF commercial space ideal for retail, office, restaurant.
      605 N Co Hwy 393, Santa Rosa Beach, FL 32459
      View Details
    • $14 SF/Yr
      3,000 SF

      Retail Space Near Highway 30A

      Retail space with high visibility and convenient highway access.
      4942 Us Highway 98 W, Santa Rosa Beach, FL 32459
      View Details
    • $35 SF/Yr

      Retail Center on US HWY 98

      Neighborhood retail center with highway frontage and convenient access.
      4552 S 98, Santa Rosa Beach, FL 32459
      View Details
    • $33 SF/Yr

      Retail and Flex Space Available

      New commercial complex with retail, showroom, warehouse, and flex spaces.
      4935 W 98 Hwy, Santa Rosa Beach, FL 32459
      View Details
    • $34 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
    • $23 SF/Yr
      19,100 SF

      New Retail/Industrial Complex For Rent

      New retail and industrial spaces available for lease.
      56 Gordonia Way, Santa Rosa Beach, FL 32459
      View Details

    Property Visit Statistics

    • Visits by month
      12.1k
    • Visitors by month
      7.2k
    • Avg Time on site
      8 min
    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.
    3008 Us Hwy 98th W
    Santa Rosa Beach, FL 32459-4052
    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.