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Property profile & analytics
OFF-MARKET
Estimated value
$2,465,000
Outlet malls
14144 Alabama St Jay, FL 32565-1219
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3652089
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2022
Construction
STEEL FRAME
Total area
15,279 SF
Lot
1.96 ac (85,552 SF)
Zoning code
CV-1
APN
41-5N-29-0000-09900-0000
UPID
US18-3652089
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
Current use
Occupant on record · Public records
-
DG Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
$2.53M
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.47M
Owner & transaction history
Bmc Jay LLC · 3 yrs held
Bmc Jay LLC
since 2023
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
CV-1 · Jay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+98.0%
Medical building
$2.6M
+59.2%
Commercial (general)
$2.0M
+23.3%
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 Jay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jay 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
$1,735,000
ML approach
$1,850,000
CAP Approach
CAP Return
Estimation
6%
$2,740,000
6.5%
$2,530,000
7%
$2,350,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,625,000
Current use
RESTAURANT
$3,220,000
Change: +98% · Conversion: Easy
MEDICAL BUILDING
$2,590,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,005,000
Change: +23% · Conversion: Easy
OFFICE BUILDING
$1,735,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$2.47M
Range $2.22M – $2.71M · ±10% · vs last sale $2.40M (Feb 3 2023)
Last sale anchor
$2.40M
Feb 3 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
$161 / 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
$24,898
Tax year 2023
Assessed value
$1,587,042
Assessed 2023
Previous assessed
$177,004
+796.6% YoY
Effective rate
1.57%
On assessed value
Assessed land
$62,150
Assessed improvement
$1,524,892
Land market value
$62,150
Improvement market value
$1,524,892
Total market value
$1,587,042
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
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
2
Total area
15,279 SF
Lot
1.96 ac (85,552 SF)
Zoning code
CV-1
APN
41-5N-29-0000-09900-0000
UPID
US18-3652089
Jurisdiction
SANTA ROSA
Zoning & alternative use
CV-1 · Jay, FL
Zoning CV-1 · permitted uses
CV-1 · Jay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
RESTAURANT
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE 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
2022
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
1.96 ac
Current owner
From public records · entity-resolved
Bmc Jay LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 130, DAPHNE, AL 36526-0130
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2023
—
Bmc Jay LLC
Hsc Jay LLC
Assignment Of Lease (leasehold Sale)
—
Feb 3, 2023
$2,395,700
Bmc Jay LLC
Hsc Jay LLC
Special Warranty Deed
—
Jan 21, 2022
$220,000
Hsc Jay LLC
William Brady Burns JR
Warranty Deed
—
Aug 28, 2019
$100
William B Burns JR.
Lucy B Luker
Warranty Deed
related
—
Aug 28, 2019
—
William Brady Burns JR
Valerie Dedra Burns Thomas
Intrafamily Transfer
related
—
May 19, 2016
—
William B Burns JR
Burns William E Trust
Quit Claim Deed
—
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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