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    204 Us-98 Carrabelle, FL 32322

    For Sale
    $2,746,154

    High-yield retail investment. Strong tenant.

    Property size:
    10,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 10,500-square-foot Family Dollar and Dollar Tree combination store located at 204 US-98, Carrabelle, Florida, 32322. Built in 2023, this single-story building sits on a 2.08-acre lot and boasts 42 parking spaces. The property features a Net Lease (NN) structure with a corporate guarantee, ensuring consistent income. The current asking price is $2,746,154, representing a compelling $261.54 per square foot and a 6.50% capitalization rate. The property enjoys 100% occupancy, generating a Net Operating Income (NOI) of $178,500. The lease includes rent bumps, providing future income growth. The property is zoned for commercial use and benefits from a high volume of traffic on US Highway 98, with an estimated 5,900 vehicles per day. This investment-grade property offers a recession-proof and e-commerce resistant tenant, making it an attractive and stable addition to any portfolio. The property's APN is 20-07S-04W-4190-0002-0010. This is a single-tenant property with a 10+ year lease.

    Property Features for 204 Us-98

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,500 SF
    Lot Size
    90,605 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Carrabelle
    County
    Franklin
    State
    Florida
    Longitude
    -84.666156009056
    Latitude
    29.85181170024

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail investment. Strong tenant.
    Where is this individual retail property located?
    The property is located at 204 Us-98 Carrabelle, FL.
    What is the asking price?
    The asking price for this property is $2,746,154.
    Request Owner's contact information
    204 Us-98 Carrabelle, FL 32322
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    Realmo Value Estimation

    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.

    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.

    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
    204 Us-98 Carrabelle, FL 32322
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