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Property profile & analytics
OFF-MARKET
Estimated value
$6,075,000
Retail space
1012 Hwy 98th E Destin, FL 32541-2902
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1421092
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
STEEL FRAME
Total area
8,618 SF
Lot
1.42 ac (61,850 SF)
APN
00-2S-22-0000-0015-0000
UPID
US18-1421092
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
$6.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.34M
Blend (final)
Blend
$6.08M
Owner & transaction history
South Texas Land Limited Partnershi · 4 yrs held
South Texas Land Limited Partnershi
since 2021
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin 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
$6,100,000
ML approach
$6,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.08M
Range $5.47M – $6.68M · ±10% · vs last sale $6.00M (Dec 30 2021)
Last sale anchor
$6.00M
Dec 30 2021
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
$705 / 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
$33,276
Tax year 2023
Assessed value
$2,785,481
Assessed 2023
Previous assessed
$3,109,594
-10.4% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,562,925
Assessed improvement
$1,222,556
Land market value
$1,562,925
Improvement market value
$1,222,556
Total market value
$2,785,481
Applied tax rate
10.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Rooms
21
Total area
8,618 SF
Lot
1.42 ac (61,850 SF)
APN
00-2S-22-0000-0015-0000
UPID
US18-1421092
Jurisdiction
OKALOOSA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
21
Lot
1.42 ac
Current owner
From public records · entity-resolved
South Texas Land Limited Partnershi
Individual
Mailing address
102 12TH N WASHINGTON ST #8, EL CAMPO, TX 77437-4431
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
$6,000,000
South Texas Land Limited Partnershi
Parkland Destin LLC
Special Warranty Deed
$1,635,000 · Security National Bank Of Omaha
Jun 19, 2017
$5,162,500
Parkland Destin LLC
Nla Destin LLC
Grant Deed
—
Nov 4, 2015
—
Destin Beach INC
Bell,lloyd F JR & Ann W
Quit Claim Deed
related
—
Nov 4, 2015
$1,365,000
Nla Destin LLC
Destin Beach INC
Grant Deed
$3,384,882 · Bankplus
Sep 21, 2004
—
Tommy K Eaves
—
Trustees Deed
related
$175,000 · Security Bank Of Houston Cnty
—
—
Edwin C Cluck
—
Deed Of Trust
related
$300,000 · Destin Bank
—
—
Jeffrey A Miller
—
Deed Of Trust
related
$583,415 · First Tennessee Bank National
—
—
Gary L Blackman
—
Deed Of Trust
related
$412,629 · Wells Fargo Bank
—
—
Steven M Hilton
—
Deed Of Trust
related
$117,500 · First Place Bank
—
—
Stanford P Barre JR.
—
Deed Of Trust
related
$125,000 · Countrywide Home Loans INC
—
—
Leonard Kelsey
—
Deed Of Trust
related
$125,000 · Southtrust Bank NA
—
—
1540 Jade East LLC
—
Deed Of Trust
related
$700,000 · Wachovia Bank NA
—
—
David R Graves
—
Deed Of Trust
related
$60,000 · Amsouth Bank
—
—
Zhenyu Yao
—
Deed Of Trust
related
$224,000 · Amsouth Bank
—
—
Richard A Kisel
—
Deed Of Trust
related
$62,000 · Amsouth Bank
—
—
Richard A Kisel
—
Deed Of Trust
related
$210,000 · Destin Bank
—
—
Baumgardner G R
—
Deed Of Trust
related
$796,000 · Aliant Bank
—
—
Tommy K Eaves
—
Deed Of Trust
related
$320,000 · New Southern Bank
—
—
Leonard P Kelsey
—
Deed Of Trust
related
$225,000 · Wachovia Bank NA
—
—
Michael J Daugherty
—
Deed Of Trust
related
$417,000 · Ame Financial Corp
—
—
Gary L Blackman
—
Deed Of Trust
related
$410,000 · Foundation Financial Svcs INC
—
—
Paul Sims
—
Deed Of Trust
related
$500,000 · Bank Of America
—
—
Tom K Eaves
—
Deed Of Trust
related
$154,000 · Us Small Business Admn
—
—
David Stutz
—
Deed Of Trust
related
$700,000 · Colonial Bank
—
—
Edwin C Cluck
—
Deed Of Trust
related
$150,000 · Whitney National Bank
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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