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Property profile & analytics
OFF-MARKET
Office Spaces
1200 Hwy 98, Mexico Beach, FL 32456-7047
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3064813
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2021
Construction
WOOD
Total area
540 SF
Lot
0.39 ac (17,100 SF)
Zoning code
MB03
APN
04420-012-000
UPID
US18-3064813
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
Wahblee LLC · 2 yrs held
Wahblee LLC
since 2024
Last sale
$275,100
7 recorded transactions
Zoning & alternative use
MB03 · Mexico Beach, FL
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 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
$8,946
Tax year 2023
Assessed value
$521,854
Assessed 2023
Previous assessed
$521,854
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$478,800
Assessed improvement
$43,054
Land market value
$478,800
Improvement market value
$43,054
Total market value
$521,854
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2021
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
3
Total area
540 SF
Lot
0.39 ac (17,100 SF)
Zoning code
MB03
APN
04420-012-000
UPID
US18-3064813
Jurisdiction
BAY
Zoning & alternative use
MB03 · Mexico Beach, FL
Zoning 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
Mexico Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
Wahblee LLC
Entity
Mailing address
410 TEXAS DR, MEXICO BEACH, FL 32456-0140
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
—
Wahblee LLC
Mickey Patel
Quit Claim Deed
related
—
Oct 3, 2023
—
Angela Callens Obryant
Angela Callens Obryant
Intrafamily Transfer
related
—
Nov 30, 2021
—
Pristine Properties Vacation Rental
—
Deed
related
$250,000 · Peoplessouth Bank
Jun 15, 2021
—
Dennis P Stock
Robert B Burchett
Correction Deed
related
—
Apr 23, 2012
$275,100
Pristine Properties Vacation
Ducimetire,monod Olivier H Coc
Trustees Deed
—
Jul 23, 2002
$450,000
Om LLC
Delorme,john M & Ina B
Grant Deed
$310,000 · Apalachicola State Bank
—
—
Pristine Props Vacation Rental
—
Deed Of Trust
related
$238,000 · Cadence Bank
—
—
Olivier H D Monod
—
Deed Of Trust
related
$4,564,500 · The Bank
—
—
Olivier H Ducimetiere-monod
—
Deed Of Trust
related
$630,000 · Wachovia Bank NA
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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