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Property profile & analytics
FOR SALE
Warehouses
1032 15Th St Mexico Beach, FL 32456
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5857837
For Sale
1 / 15
$2,500,000
1032 15Th St, Mexico Beach, FL 32456
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
WOOD
Total area
3,120 SF
Lot
2.87 ac (125,017 SF)
Zoning code
MB03
APN
04173-024-000
UPID
US18-5857837
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ronnie D Turner · 3 yrs held
Ronnie D Turner
since 2022
Last sale
$135,000
7 recorded transactions
Zoning & alternative use
MB03 · Mexico Beach, FL
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 Mexico Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mexico 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,948
Tax year 2023
Assessed value
$188,271
Assessed 2023
Previous assessed
$188,271
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$146,370
Assessed improvement
$41,901
Land market value
$146,370
Improvement market value
$41,901
Total market value
$188,271
Applied tax rate
8.0000
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
For Sale
Year built
1992
Construction
WOOD
Heating
NONE
Stories
1
Rooms
1
Bathrooms
2
Total area
3,120 SF
Lot
2.87 ac (125,017 SF)
Zoning code
MB03
APN
04173-024-000
UPID
US18-5857837
Jurisdiction
BAY
Zoning & alternative use
MB03 · Mexico Beach, FLZoning MB03 · permitted uses
MB03 · Mexico Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2.01.00 ZONING DISTRICTS
Building & site characteristics
From public records
Year built
1992
Construction
WOOD
Heating
NONE
Stories
1
Rooms
1
Bathrooms
2
Lot
2.87 ac
Current owner
From public records · entity-resolved
Ronnie D Turner
Individual
Mailing address
422 TEXAS DR, MEXICO BEACH, FL 32456-0140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
—
Ronnie D Turner
Terry M Murphree
Quit Claim Deed
related
—
Aug 26, 2021
—
Terry M Murphree
Ronnie D Turner
Quit Claim Deed
related
—
Nov 13, 2012
$135,000
Ronnie D Turner
Carlton,teresa G
Warranty Deed
—
Nov 6, 2012
$121,000
Centennial Bk
Federal Deposit Ins Corp
Quit Claim Deed
—
Jan 28, 2009
$100
Bayside Svgs Bk
Clerk Of Court Of Bay County
Trustees Deed
related
—
Mar 23, 1999
$13,400
Stephen P Matincheck
Matincheck,andrew
Grant Deed
related
$97,500 · Citizens Fed'l Sav Bank St Joe
—
—
Stephen P Matincheck
—
Deed Of Trust
related
$144,000 · The Bank
—
—
Stephen P Matincheck
—
Deed Of Trust
related
$145,536 · Banktrust Of Florida
—
—
Stephen P Matincheck
—
Deed Of Trust
related
$200,000 · Banktrust Of Florida
—
—
Stephen P Matincheck JR.
—
Deed Of Trust
related
$785,000 · Bayside Savings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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