Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1107 15th St Port Saint Joe, FL 32456

    • Warehouses
    • 2,400 SF
    • 1.51 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    7.1%
    Warehouses
    Location Intelligence
    Property ID
    US18-5464190
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1107 15th St

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    1.51 lot acres
    Property size
    2,400 SF
    Zone code
    MB03
    Property type
    Warehouses
    APN
    04173-023-000
    APU
    4173023000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $305,000
      6.5%
      $280,000
      7%
      $260,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $175,000
      Current use
      COMMERCIAL (GENERAL)
      $370,000
      Change: +110% Conversion: Difficult
      MEDICAL BUILDING
      $350,000
      Change: +99% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Saint Joe
    County
    Bay
    State
    Florida
    Longitude
    -85.3991
    Latitude
    29.9456
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,128
    $90,900
    $54,533
    $145,433
    -
    $90,900
    $54,533
    $145,433

    Comparable in this City

    • Value Estimation
      $270,000
      4,958 SF

      160 Norris Dr

      WAREHOUSE, STORAGE • 4,958 SF
      160 Norris Dr, Port St Joe, FL 32456-7368
      View Details
    • Value Estimation
      $290,000
      2,715 SF

      506 1st St

      WAREHOUSE, STORAGE • 2,715 SF
      506 1st St, Port St Joe, FL 32456-1768
      View Details
    • Value Estimation
      $300,000
      11,764 SF

      516 1st St

      WAREHOUSE, STORAGE • 11,764 SF
      516 1st St, Port St Joe, FL 32456-1768
      View Details
    • Value Estimation
      $285,000
      1,030 SF

      512 3rd St, Unit 514

      WAREHOUSE, STORAGE • 1,030 SF
      512 3rd St, Port Saint Joe, FL 32456-1736
      View Details
    • Value Estimation
      $800,000
      45,548 SF

      1624 Grouper Ave

      WAREHOUSE, STORAGE • 45,548 SF
      1624 Grouper Ave, Port St Joe, FL 32456-5144
      View Details
    • Value Estimation
      $230,000
      1,870 SF

      4100 Hwy 98

      MINI-WAREHOUSE, STORAGE • 1,870 SF
      4100 Hwy 98, Port Saint Joe, FL 32456
      View Details

    Similar Nearby for Sale

    • $949,000
      3,000 SF

      Port St. Joe Commercial Gem

      Live/Work Oasis, Downtown Location
      304 Long Ave Ave, Port St. Joe, FL 32456
      View Details
    • $88,000

      Oversized Lot in City Limits

      1.43 acre homesite, no HOA, close to downtown and bay.
      644 Jones Homestead Rd, Port St Joe, FL 32456
      View Details
    • $2,099,900

      New Construction Oceanfront Home

      Five-bedroom, five-bath vacation home with private pool and elevator.
      191 Las Palamas Ln, Cape San Blas, FL 32456
      View Details
    • $649,999

      Gulf View Lot Near Beach

      Cleared 0.17 acre lot, steps to Mexico Beach.
      102 S 25Th St, Mexico Beach, FL 32456
      View Details
    • $985,000
      0.19 Acres

      Corner Lot Near Gulf Beaches

      Prime corner lot in Gulf Aire community near the Gulf.
      8514 Tradewinds Dr, Port St Joe, FL 32456
      View Details
    • $220,000
      0.12 Acres

      Corner Lot with Bay Views

      Premier corner lot in Villa Del Sol with bay views.
      44 Rhonda Delsol Cir, Port St Joe, FL 32456
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1107 15th St
    Port Saint Joe, FL 32456
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.