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Property profile & analytics
FOR SALE
Retail space
12244 Us Highway 98 W Miramar Beach, FL 32550
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-1931102
For Sale
1 / 2
$5,995,000
12244 Us Highway 98 W, Miramar Beach, FL 32550
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
FRAME
Total area
28,081 SF
Lot
1.18 ac (51,270 SF)
Zoning code
HWY 98
APN
28-2S-21-42000-003-0060
UPID
US18-1931102
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
$3.40M
Owner & transaction history
Manning Properties Florida · 12 yrs held
Manning Properties Florida
since 2013
7 recorded transactions
Zoning & alternative use
HWY 98 · Miramar 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 Miramar Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miramar 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
$121 / 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
$22,053
Tax year 2023
Assessed value
$2,853,140
Assessed 2023
Previous assessed
$2,747,764
+3.8% YoY
Effective rate
0.77%
On assessed value
Assessed land
$672,073
Assessed improvement
$2,181,067
Land market value
$672,073
Improvement market value
$2,181,067
Total market value
$2,853,140
Applied tax rate
7.0000
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
For Sale
Year built
2001
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
28,081 SF
Lot
1.18 ac (51,270 SF)
Zoning code
HWY 98
APN
28-2S-21-42000-003-0060
UPID
US18-1931102
Jurisdiction
WALTON
Zoning & alternative use
HWY 98 · Miramar Beach, FL
Zoning HWY 98 · permitted uses
HWY 98 · Miramar Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miramar Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
3
Lot
1.18 ac
Current owner
From public records · entity-resolved
Manning Properties Florida
Entity
Mailing address
2944 PNE VLY DR, MIRAMAR BEACH, FL 32550-7837
Ownership since
2013
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
Oct 9, 2020
—
Manning Properties Florida LLC
—
Deed
related
$1,012,950 · Community Bk/ms
Aug 28, 2020
—
Manning Properties Florida
—
Deed
related
$2,200,000 · Community Bk/ms
Sep 17, 2013
$1,800,000
Manning Properties Florida
Community Bancshares Of Mississippi
Warranty Deed
$2,200,000 · Community Bank
Mar 9, 2011
—
Community Bk
Resort Investments INC Coc
Trustees Deed
related
—
Jan 4, 2011
$1,136,000
Community Bancshares
Community Bank Destin
Grant Deed
related
—
Jul 16, 2010
$4,950,000
Community Bk
Resort Interiors INC
Grant Deed
—
—
—
Resort Investments INC
—
Deed Of Trust
related
$350,000 · Community Bank NA
—
—
Resort Investments INC
—
Deed Of Trust
related
$3,750,000 · Morgan Stanley Dw Com'l Fin'l
—
—
Manning Properties Florida LLC
—
Deed Of Trust
related
$1,012,950 · Community Bk/ms
—
—
Manning Properties Florida
—
Loan Modification
related
$2,200,000 · Community Bk/ms
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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