Entity Owned Property summary
AI-generated overview
This inline retail space comprises 1,250 square feet within the Destin Village Shoppes in Miramar Beach, Florida. The unit is positioned on US Highway 98 and features 323 feet of frontage on the thoroughfare, which has an average annual daily traffic count of approximately 53,000 vehicles. A dedicated turning lane off US Hwy 98 provides access to the property, which is adjacent to a 75-unit hotel. Parking is provided at a ratio of 3.4 spaces per 1,000 square feet, and the property includes monument signage opportunities. The location is near Silver Sands Premium Outlets and Grand Boulevard, and the space is configured for retail, professional services, office, medical, or restaurant use. The property is structured for NNN lease terms.
Property profile
Verified
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2007
Construction
STEEL FRAME
Total area
30,824 SF
Lot
1.93 ac (83,940 SF)
Zoning code
HWY 98
APN
28-2S-21-42000-023-0021
UPID
US18-5484408
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Department Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.92M
Owner & transaction history
since 2024
Last sale
$8.0M
5 recorded transactions
Zoning & alternative use
HWY 98 · Miramar Beach, FL
Top alternative use upside
Retail stores
$9.9M
+13.4%
Restaurant
$9.2M
+4.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.92M
Value range
$7.13M – $8.71M
±10% around blend
Estimated value / SF
$257 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$7.13M
blend $7.92M
$8.71M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
30,824 SF
Lot area
1.93 ac
Year built
2007
Stories
1
APN
28-2S-21-42000-023-0021
Zoning
HWY 98
Assessed value
$6,479,459
Annual tax
$58,875
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.92M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 110 sales
$284
-9%
County 38 sales
$324
-21%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $257/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+13%
vs current-use indication
Restaurant
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.00M
Move the market yield to see immediate price impact.
Value / SF
$260
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$504k
$10.08M
$7.20M
$5.60M
$560k
$11.20M
$8.00M
$6.22M
$616k
$12.32M
$8.80M
$6.84M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$58,875
Tax year 2023
Assessed value
$6,479,459
Assessed 2023
Previous assessed
$6,693,017
-3.2% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,263,824
Assessed improvement
$5,215,635
Land market value
$1,263,824
Improvement market value
$5,215,635
Total market value
$6,479,459
Applied tax rate
7.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
12
Total area
30,824 SF
Lot
1.93 ac (83,940 SF)
Zoning code
HWY 98
APN
28-2S-21-42000-023-0021
UPID
US18-5484408
Jurisdiction
WALTON
Zoning & alternative use
HWY 98 · Miramar Beach, FLZoning HWY 98 · permitted uses
HWY 98 · Miramar Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
12
Lot
1.93 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HWY 98
Jurisdiction
Miramar Beach, FL
Recorded code
HWY 98
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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