5416 W US Highway 98
About This Property
With prominent highway frontage, the property benefits from consistent exposure and ease of access, creating a strong foundation for a wide range of commercial possibilities. The surrounding area continues to experience steady growth, enhancing both the presence and long-term potential of this location. The size and configuration of the land allow for a vision that is both expansive and intentional--whether designed for a single-use concept or a more dynamic, mixed-use environment. The site's visibility from Highway 98 ensures a natural connection to the flow of daily life along the Emerald Coast, while its accessibility supports seamless arrival and departure.
Defined by opportunity and positioned for impact, 5416 W US Highway 98 offers a rare canvas in one of the region's most active corridors--an address where thoughtful planning and design can shape something truly lasting.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 27, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Listed by Corcoran Reverie SRB | $4,290,000 | |
| Listed by Corcoran Reverie SRB | |||
| Apr 28, 2025 | Relisted | $4,300,000 | |
| Relisted | |||
| Dec 17, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017