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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Retail space
11814 Hwy 77, Southport, FL 32409-2224
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3151499
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Construction
WOOD
Total area
4,414 SF
Lot
12 ac (522,720 SF)
Zoning code
BC02
APN
07567-007-000
UPID
US18-3151499
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
$855k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$662k
Blend (final)
Blend
$840k
Owner & transaction history
Mbl Investment Holdings LLC · 2 yrs held
Mbl Investment Holdings LLC
since 2023
Last sale
$975,000
4 recorded transactions
Zoning & alternative use
BC02 · Southport, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$940,000
+48.5%
Commercial (general)
$660,000
+3.8%
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 Southport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southport 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
$835,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$745,000
7%
$690,000
Alternative Use
Use
Estimation
RETAIL STORES
$635,000
Current use
OFFICE BUILDING
$940,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$660,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$525,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $975k (Dec 27 2023)
Last sale anchor
$975k
Dec 27 2023
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
$190 / 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
$5,018
Tax year 2023
Assessed value
$384,729
Assessed 2023
Previous assessed
$384,729
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$300,000
Assessed improvement
$84,729
Land market value
$300,000
Improvement market value
$84,729
Total market value
$384,729
Applied tax rate
55.0000
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
1991
Construction
WOOD
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
2
Rooms
3
Total area
4,414 SF
Lot
12 ac (522,720 SF)
Zoning code
BC02
APN
07567-007-000
UPID
US18-3151499
Jurisdiction
BAY
Zoning & alternative use
BC02 · Southport, FL
Zoning BC02 · permitted uses
BC02 · Southport, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$635,000
OFFICE BUILDING
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$660,000
MEDICAL BUILDING
Est. value
$525,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL 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
1991
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
3
Lot
12 ac
Current owner
From public records · entity-resolved
Mbl Investment Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
13800 PANAMA CITY BCH PKWY STE #106, PANAMA CITY BEACH, FL 32407-2865
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$975,000
Mbl Investment Holdings LLC
Tammy Cherry
Warranty Deed
—
Feb 4, 2020
—
Tammy Cherry
Georg Koll
Warranty Deed
$620,000 · Georg Koll
May 24, 2019
$300,000
Ahmed Elsayed
Koll,georg
Warranty Deed
$204,000 · Georg Koll
Sep 11, 2006
—
Georg Koll
Schlund,gerhard
Quit Claim Deed
related
—
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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