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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Office buildings
15167 331st Business Freeport, FL 32439-0258
Individually Owned
1-yr Hold
Property ID
US18-6737006
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Construction
STEEL FRAME
Total area
8,649 SF
Lot
4.12 ac (179,467 SF)
Zoning code
3310
APN
10-1S-19-23000-005-0000
UPID
US18-6737006
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
$1.79M
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.65M
Owner & transaction history
William L Hoene · 1 yrs held
William L Hoene
since 2025
7 recorded transactions
Zoning & alternative use
3310 · Freeport, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+18.6%
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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,935,000
6.5%
$1,790,000
7%
$1,660,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,170,000
Current use
RESTAURANT
$2,570,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10%
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
$191 / 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
$16,032
Tax year 2023
Assessed value
$1,069,659
Assessed 2023
Previous assessed
$788,192
+35.7% YoY
Effective rate
1.50%
On assessed value
Assessed land
$135,868
Assessed improvement
$933,791
Land market value
$135,868
Improvement market value
$933,791
Total market value
$1,069,659
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
2
Bathrooms
3
Total area
8,649 SF
Lot
4.12 ac (179,467 SF)
Zoning code
3310
APN
10-1S-19-23000-005-0000
UPID
US18-6737006
Jurisdiction
WALTON
Zoning & alternative use
3310 · Freeport, FLZoning 3310 · permitted uses
3310 · Freeport, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING Current
RESTAURANT
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
2
Bathrooms
3
Lot
4.12 ac
Current owner
From public records · entity-resolved
William L Hoene
Individual
Mailing address
7940 FRNT BCH RD, PANAMA CITY BEACH, FL 32407-4817
Ownership since
2025
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
Jun 12, 2025
—
William L Hoene
Zuri Farms LLC
Quitclaim Deed
related
—
Sep 11, 2020
—
Jjsk Properties LLC
—
Deed
related
$1,414,058 · Bancorpsouth
Nov 14, 2018
$675,000
Jjsk Properties LLC
Jts Capital Realty Bb LLC
Special Warranty Deed
$1,031,317 · Summit Bank NA
Jul 30, 2018
$1,176,600
Jts Capital Realty Bb LLC
Beach Cmnty Bk
Grant Deed
related
—
Jun 20, 2012
$1,100
Beach Cmnty Bk
Ytc Prof Park LLC Coc
Trustees Deed
related
—
Jan 25, 2012
—
Beach Cmnty Bk
Ytc Prof Park LLC Coc
Trustees Deed
related
—
Jul 8, 2005
$377,700
Ytc Professional Park LLC
R & G LLC
Warranty Deed
$2,250,000 · Beach Community Bank
Oct 4, 2004
$358,000
R & G LLC
Caudill,loyd
Warranty Deed
$371,000 · Phenix-girard Bank
—
—
Loyd E Caudill
—
Deed Of Trust
related
$55,000 · Washington Mutual Fsb
—
—
Jjsk Properties LLC
—
Loan Modification
related
$1,414,058 · Bancorpsouth
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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