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Property profile & analytics
OFF-MARKET
Office buildings
1384 Railroad Ave Chipley, FL 32428-1457
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4808692
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1953
Total area
947 SF
Lot
0.16 ac (6,969 SF)
APN
13460000
UPID
US18-4808692
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
City Of Chipley · 2 yrs held
City Of Chipley
since 2023
7 recorded transactions
Zoning & alternative use
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 Chipley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chipley 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
Assessed value
$60,679
Assessed 2023
Previous assessed
$52,550
+15.5% YoY
Assessed land
$9,000
Assessed improvement
$51,679
Land market value
$9,000
Improvement market value
$51,679
Total market value
$60,679
Applied tax rate
2.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1953
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Total area
947 SF
Lot
0.16 ac (6,969 SF)
APN
13460000
UPID
US18-4808692
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1953
Heating
FORCED AIR
Cooling
Yes
Buildings
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
City Of Chipley
Entity
Mailing address
PO BOX 1007, CHIPLEY, FL 32428-7007
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
—
City Of Chipley
Twelve Twenty Investments LLC
Warranty Deed
—
Jul 24, 2023
$110,000
City Of Chipley
Twelve Twenty Investments LLC
Warranty Deed
—
Feb 16, 2022
$95,000
Dwight Hearn III
One River Two Bears LLC
Warranty Deed
—
Feb 25, 2019
$60,000
One River Two Bears LLC
Panhandle Investment Group LLC
Warranty Deed
—
Sep 15, 2017
—
Panhandle Investment Group LLC
—
Deed
related
$25,000 · One South Bank
Jun 20, 2017
—
Fanhandle Investment Group LLC
Oneill Investments LLC
Warranty Deed
—
May 12, 2017
—
Oneill Investments LLC
Oneill,seamus & Katie
Quit Claim Deed
related
—
May 12, 2017
$34,000
Oneill Investments LLC
Southeast Prop Acquisitions Ll
Grant Deed
$41,000 · Community S Cu
Sep 15, 2004
$35,000
Bailey,gregory L
Sullivan,gloria J
Warranty Deed
$28,000 · Vanguard Bk&tr
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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