Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    605 County Hwy 393 Santa Rosa Beach, FL 32459-5389
    Back to Search
    Property profile & analytics

    605 County Hwy 393, Santa Rosa Beach, FL 32459-5389

    View on Map
    • Warehouses
    • 7,530 SF
    • 0.36 lot acres
    Off-Market
    Property ID
    US18-6724511
    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
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Panhandle Mercantile / (Bike/Boat/Book/etc) Store / Printing Service
    • Chef Gordaux / Take-out & Catering / Catering Service
    • Southern Comfort Services / Freight Service / Logistics Company
    • SunCoast ReRoofing / Roofing Company / General Contractor
    • Golf Cart Exchange / Golf Cart Dealer

    Property Details for 605 County Hwy 393

    Year built
    2015
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    27-2S-20-33800-000-0030
    APU
    272S20338000000030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 20, 2017 — 393 Business Storage LLC Martin,chris A & Jennifer A Quit Claim Deed · related —
    Jan 8, 2015 $169,000 Chris A Martin Hound Dog Dev LLC Grant Deed —
    Apr 13, 2006 — South Walton Busn Ctr Owners A Hound Dog Dev LLC Grant Deed · related —
    Dec 1, 2005 $1,030,000 Hound Dog Dev LLC Doudna Properties Lc Warranty Deed $2.5M · Trustmark National Bank
    Oct 28, 2005 $335,000 Properties Lc Doudna Grantham Construction INC Warranty Deed —
    — — Hound Dog Dev LLC — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $749,000
      Market price range: $628k - $1.24M
      AI Estimate
      $345,000
      Market price range: $168k - $739k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $890,000
      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
    -86.2293
    Latitude
    30.3823
    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
    $6,280
    $152,193
    $620,834
    $773,027
    -
    $152,193
    $620,834
    $773,027

    Comparable in this City

    • Value Estimation
      $1,055,000
      12,075 SF

      198 Commercial Pkwy

      MINI-WAREHOUSE, STORAGE
      198 Commercial Pkwy, Santa Rosa Beach, FL 32459-3290
      View Details
    • Value Estimation
      $1,570,000
      11,900 SF

      83 Community Way

      MINI-WAREHOUSE, STORAGE
      83 Community Way, Santa Rosa Beach, FL 32459-5486
      View Details
    • Value Estimation
      $1,505,000
      17,950 SF

      457 Serenoa Rd

      MINI-WAREHOUSE, STORAGE
      457 Serenoa Rd, Santa Rosa Beach, FL 32459-6816
      View Details
    • Value Estimation by Request
      7,500 SF

      674 Serenoa Rd

      MINI-WAREHOUSE, STORAGE
      674 Serenoa Rd, Santa Rosa Beach, FL 32459-5088
      View Details
    • Value Estimation by Request
      5,820 SF

      605 Co Hwy 393rd 4-a

      MINI-WAREHOUSE, STORAGE
      605 Co Hwy 393rd 4-a, Santa Rosa Beach, FL 32459
      View Details
    • Value Estimation by Request
      5,020 SF

      122-5 Bishop Tolbert Rd

      MINI-WAREHOUSE, STORAGE
      122-5 Bishop Tolbert Rd, Santa Rosa Beach, FL 32459-4010
      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

    • Contact for pricing

      Flexible Space in 393 North

      End-cap unit with office, retail, and warehouse space.
      790 N County Hwy 393 #1A, 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
    • 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
    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.
    605 County Hwy 393
    Santa Rosa Beach, FL 32459-5389
    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
    605 County Hwy 393, 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!