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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Warehouses
100 Seascape Dr Miramar Beach, FL 32550-3919
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5913838
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
STEEL FRAME
Total area
12,000 SF
Lot
168.69 ac (7,348,267 SF)
APN
29-2S-21-42500-000-0000
UPID
US18-5913838
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
$1.08M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.53M
Owner & transaction history
Seascape Town Center 08 LLC · 10 yrs held
Seascape Town Center 08 LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+49.1%
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 Miramar Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miramar 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
$1,075,000
CAP Approach
CAP Return
Estimation
6%
$1,720,000
6.5%
$1,590,000
7%
$1,475,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,615,000
Current use
OFFICE BUILDING
$2,405,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±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
$127 / 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
$62,568
Tax year 2023
Assessed value
$7,451,880
Assessed 2023
Previous assessed
$7,451,880
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$3,172,694
Assessed improvement
$4,279,186
Land market value
$3,172,694
Improvement market value
$4,279,186
Total market value
$7,451,880
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
1
Bathrooms
14
Total area
12,000 SF
Lot
168.69 ac (7,348,267 SF)
APN
29-2S-21-42500-000-0000
UPID
US18-5913838
Jurisdiction
WALTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Bathrooms
14
Lot
168.69 ac
Current owner
From public records · entity-resolved
Seascape Town Center 08 LLC
Entity
Mailing address
2105 DEVEREUX CIR STE #211, VESTAVIA, AL 35243-2564
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
60 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2016
$3,778,924
Seascape Town Center 08 LLC
Seascape Resorts INC
Special Warranty Deed
—
May 13, 2004
$13,900
Kaern B Earick
Woodruff,thomas J & Peggy
Grant Deed
—
Jul 29, 2003
$635,000
Ralph Fullerton
Pricetts,charles T & Merdeth F
Grant Deed
—
May 5, 2000
$15,000
Huhman Trust
Morton,walter B & Margie T
Grant Deed
—
Oct 28, 1999
$500,000
Willis L Hunter
Seacape Resorts INC
Grant Deed
$400,000 · Regions Mortgage INC
Sep 21, 1999
$411,900
Eugene R Voll
Brewer,michael L & Linda S
Grant Deed
$200,000 · Access Mortgage
Jun 3, 1999
$675,000
Ellis Sammons
Seascape Resort Ltd
Grant Deed
—
Apr 12, 1999
$429,000
Marsha A Earnest
Deas,j M
Grant Deed
—
Apr 6, 1999
$462,500
Joe T Wood
Amsouth Bank
Grant Deed
—
Feb 3, 1999
$410,000
Joseph E Ganem
Seascape Resorts INC
Grant Deed
$210,000 · Foundation Financial Svcs INC
Feb 2, 1999
$550,000
John L Skinner
Brockstedt,lutz
Grant Deed
$510,000 · Compass Bank
Feb 1, 1999
$415,000
Trent P Gaites
Aden,james J & Jill J
Grant Deed
$332,000 · Southtrust Bank NA
Jan 12, 1999
$390,000
Virginia D Taylor
Seascape Resort Ltd
Grant Deed
$200,000 · First City Bank Florida
Dec 15, 1998
$630,000
John L Skinner
Renzulli,jeannine
Grant Deed
—
Nov 10, 1998
$480,000
Clyde D Jordan
Seascape Resort Ltd
Grant Deed
$280,000 · Eastern Mortgage Corp
Oct 27, 1998
$505,000
Runzulli,jeanine
Seascape Resort Ltd
Trustees Deed
$412,800 · Option One Mortgage Corp
Oct 27, 1998
$350,000
Livermore,frances M
Seascape Resort Ltd
Trustees Deed
$280,000 · Option One Mortgage Corp
Oct 15, 1998
$480,000
Ralph W Mccurry
Seascape Resort Ltd
Grant Deed
$384,000 · Compass Bank
Oct 14, 1998
$310,000
Quisenberry Trust
Seascape Resort Ltd
Grant Deed
$248,000 · Destin Bank
Oct 14, 1998
$463,000
Prickett,charles T & Meredith F
Seascape Resort Ltd
Trustees Deed
$370,000 · Southtrust Bank NA
Oct 14, 1998
$420,000
Brockstedt,lutz
Seascape Resort Ltd
Trustees Deed
$336,000 · Access Mortgage
Oct 7, 1998
$520,000
Huhman Trust
Seascape Resort Ltd
Trustees Deed
—
Oct 7, 1998
$410,000
Hoffman,jane P
Seascape Resort Ltd
Trustees Deed
—
Sep 25, 1998
$390,000
Goodrum,john C & Sarah B
Seascape Resort Ltd
Trustees Deed
$421,000 · Bank Of America Fsb
Sep 25, 1998
$585,000
Clement,neal & Ethel
Ehner,mariel L
Trustees Deed
—
Sep 24, 1998
$350,000
Causey,monte D & Penny C
Seascape Resort Ltd
Trustees Deed
$270,700 · Realty Mortgage Corp
Sep 24, 1998
$430,000
Raymond Trust
Seascape Resort Ltd
Trustees Deed
—
Sep 23, 1998
$412,000
Hall Trust
Seascape Resort Ltd
Grant Deed
—
Sep 18, 1998
$430,000
Duhaime,john P & Heidi I
Seascape Resort Ltd
Trustees Deed
—
Sep 18, 1998
$452,500
Bianca,anthony J
Seascape Resort Ltd
Trustees Deed
$362,000 · First American Bank Walton
Sep 15, 1998
$470,000
Jesse & Jesse Enterprises INC
Seascape Resort Ltd
Trustees Deed
—
Sep 15, 1998
$325,000
Schrotel,stanley R & Betty F
Seascape Resort Ltd
Trustees Deed
—
Sep 15, 1998
$370,000
Sheldon Family LLC
Seascape Resort Ltd
Trustees Deed
$350,000 · Southtrust Bank NA
Sep 15, 1998
$5,100,000
Etj-scape INC
Seascape Resort Ltd
Trustees Deed
$2,836,000 · First National Bank Florida
Sep 15, 1998
$400,000
Morton,walter B & Margie T
Seascape Resort Ltd
Trustees Deed
—
Sep 14, 1998
$460,000
Ehner,marie L
Seascape Resort Ltd
Trustees Deed
—
Sep 14, 1998
$336,000
Winstel,thomas C & Debra A
Seascape Resort Ltd
Trustees Deed
—
Sep 10, 1998
$332,000
Aden,james J& Jill J
Seascape Resort Ltd
Trustees Deed
$265,600 · Peoples First Community Bank
Sep 10, 1998
$402,000
Spratlin,w B
Seascape Resort Ltd
Trustees Deed
$325,000 · Merrill Lynch Credit Corp
Sep 10, 1998
$320,000
Adams,richard J & Sadara A
Seascape Resort Ltd
Trustees Deed
$256,000 · Access Mortgage
Sep 9, 1998
$470,000
Alfred T Blanchard
Seascape Resort Ltd
Grant Deed
$325,000 · Regions Mortgage INC
Sep 8, 1998
$285,000
Weil Enterprises Ltd
Seascape Resort Ltd
Grant Deed
—
Sep 8, 1998
$392,000
Frank E Gober
Seascape Resort Ltd
Grant Deed
$313,600 · Norwest Mortgage INC
Sep 8, 1998
$346,000
Bruns,martin R & Marilyn S
Seascape Resort Ltd
Trustees Deed
$276,800 · Southtrust Bank NA
Sep 8, 1998
$495,000
Ralph W Mccurry
Seascape Resort Ltd
Grant Deed
$410,000 · Compass Bank
Sep 8, 1998
$302,000
Deas,j M
Seascape Resort Ltd
Trustees Deed
—
Sep 8, 1998
$295,000
Charbonnet,will G
Seascape Resort Ltd
Trustees Deed
—
Sep 8, 1998
$582,000
Zant,peter N & Kathy M
Seascape Resort Ltd
Trustees Deed
$465,600 · Access Mortgage
Sep 8, 1998
$409,000
Dudley Schaefer
Seascape Resort Ltd
Grant Deed
—
Sep 8, 1998
$510,000
Lee D Thames
Seascape Resort Ltd
Grant Deed
—
Sep 8, 1998
$480,000
Craft N A
Seascape Resort Ltd
Grant Deed
—
Sep 8, 1998
$415,000
Dance,edward T & Anna B
Seascape Resort Ltd
Trustees Deed
$332,000 · Destin Bank
Sep 8, 1998
$288,900
Michael L Brewer
Seascape Resort Ltd
Grant Deed
$227,150 · Access Mortgage
Sep 8, 1998
$322,000
Amsouth Bank Trustee
Seascape Resort Ltd
Grant Deed
related
—
Jun 2, 1998
$6,000,000
Emerald Coast Dev INC
Seascape Resort Ltd
Grant Deed
$2,200,000 · First National Bank Florida
Sep 29, 1997
$218,000
James J Bailey
Seascape Resorts INC
Grant Deed
$174,400 · Emerald Coast Bank
Jun 9, 1997
$205,000
John B Regan
Seascape Resorts INC
Grant Deed
$150,000 · T & N Mortgage INC
May 23, 1997
$245,000
Paul H Swan
Sandestin Resorts INC
Grant Deed
$196,000 · Standard Federal Bank
—
—
Jane P Hoffman
—
Deed Of Trust
related
$176,000 · Emerald Coast Bank
—
—
Mikal Simonson
—
Deed Of Trust
related
$225,500 · Abn Amro Mortgage Group INC
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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