Realmo Analytics

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Property profile

124 Highway 98 Mary Esther, FL 32569

FOR SALE
Other commercial real estate
Property ID
US18-5830249
7,396 SF 0.79 ac lot Built 2001
Last sale Feb 2008 · $508,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 16-unit professional office complex is located in Mary Esther on U.S. Hwy 98 between Hurlburt AFB and the Mary Esther Cutoff, with the building positioned west of Target and providing highway frontage. The property is configured as a multi-tenant office facility and includes ample on-site parking for occupants and visitors, supporting businesses that prioritize visibility and convenient access along the highway.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$975k
Assessed land$297k
Assessed improvement$678k
Effective rate1.44%

Value estimate

· Oct 2026
$1.93M
$1.74M – $2.12M
CAP approach$1.38M
NOI build-up
Gross scheduled income$525k
Vacancy & credit loss−$95k
Operating expenses−$108k
NOI · 7.51% cap applied$323k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$246/SF
County average, outlier-cleaned · 335 recorded sales of this use type
Observed band · Q1–Q3$127 – $437
Qualifying comparables3

Cap rate analysis

How does the asset earn?
7.51%
$323k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOKALOOSA

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.5
Building Supply11.4
Electrical Service11.2

Location

124 Highway 98 Mary Esther, FL 32569
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2179 Hwy 98, Mary Esther, FL 32569-1450 $196,300 Mar 2025 6,014 SF
101 Mary Esther, Mary Esther, FL 32569-1919 $1,500,000 Sep 2024 4,649 SF
193 Mary Esther, Mary Esther, FL 32569-1919 $2,400,000 Jul 2024 2,700 SF
3395 Hwy 98, Mary Esther, FL 32569-2389 $90,000 May 2024 1,864 SF
1900 Hwy 98, Mary Esther, FL 32569-2262 $470,000 Oct 2023 4,115 SF
1881 Hwy 98, Mary Esther, FL 32569-2259 $485,000 Apr 2022 5,536 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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