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Property profile & analytics
FOR LEASE
Community centers
4942 Us Highway 98 W Santa Rosa Beach, FL 32459
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1276590
For Lease
1 / 2
$14 SF/Yr
4942 Us Highway 98 W, Santa Rosa Beach, FL 32459
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1999
Construction
FRAME
Total area
17,776 SF
Lot
4.34 ac (189,268 SF)
Zoning code
HWY 98
APN
28-2S-20-33220-000-0493
UPID
US18-1276590
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$895k
Blend (final)
Blend
$710k
Owner & transaction history
Sugaroak Santa Rosa LLC · 11 yrs held
Sugaroak Santa Rosa LLC
since 2014
7 recorded transactions
Zoning & alternative use
HWY 98 · Santa Rosa Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$970,000
+73.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Rosa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Rosa Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Current use
WAREHOUSE, STORAGE
$970,000
Change: +74% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$40 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$45,342
Tax year 2023
Assessed value
$5,212,852
Assessed 2023
Previous assessed
$5,225,184
-0.2% YoY
Effective rate
0.87%
On assessed value
Assessed land
$2,072,616
Assessed improvement
$3,140,236
Land market value
$2,072,616
Improvement market value
$3,140,236
Total market value
$5,212,852
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
11
Bathrooms
27
Total area
17,776 SF
Lot
4.34 ac (189,268 SF)
Zoning code
HWY 98
APN
28-2S-20-33220-000-0493
UPID
US18-1276590
Jurisdiction
WALTON
Zoning & alternative use
HWY 98 · Santa Rosa Beach, FL
Zoning HWY 98 · permitted uses
HWY 98 · Santa Rosa Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Rosa Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$560,000
WAREHOUSE, STORAGE
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
11
Bathrooms
27
Lot
4.34 ac
Current owner
From public records · entity-resolved
Sugaroak Santa Rosa LLC
Entity
Mailing address
3715 NORTHSIDE PKWY NW, ATLANTA, GA 30327-2886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2014
$3,350,000
Sugaroak Santa Rosa LLC
Spcp Group Vi LLC
Warranty Deed
$2,438,800 · Virginia Heritage Bk
Jan 6, 2014
—
Spcp Group Vi LLC
Santa Rosa Plaza INC
Quit Claim Deed
related
—
Sep 16, 1998
$394,800
Santa Rosa Plaza INC
Clary,charles W
Trustees Deed
—
Sep 16, 1998
$100
Santa Rosa Plaza INC
Clary,charles W
Quit Claim Deed
related
$1,090,000 · Colonial Bank Fsb
Jul 31, 1998
—
Santa Rosa Plaza INC
Clary,charles W
Quit Claim Deed
related
$900,000 · Colonial Bank Fsb
Jul 31, 1998
$315,000
Santa Rosa Plaza INC
Clary,charles W
Trustees Deed
—
Sep 4, 1997
$520,000
Charles W Clary
Becker,louis E
Grant Deed
$520,000 · Amsouth Bank Florida
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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