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Property profile & analytics
OFF-MARKET Estimated value $4,810,000
Warehouses

1570 Hwy 98th E Carrabelle, FL 32322-2209

44,484 SF Built 2006
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US18-0777759
Property summary
AI-generated overview

This exceptional Carrabelle, Florida dockominium offers a fantastic opportunity to own your own boat storage space. Priced at $5,500, this unit (1570 Hwy 98 Unit C-316) includes a boat rack capable of accommodating vessels up to 25 feet in length. The purchase encompasses the designated boat rack and associated space, providing secure and convenient storage for your watercraft. The property sits on a 0.01-acre lot, offering direct access to the water and all the associated conveniences. Beyond the individual storage, this purchase grants access to a wealth of community amenities. Quarterly owner association dues of $452.16 cover a comprehensive range of services and facilities. These include the use of a boat launching ramp, a convenient rinse station for cleaning your boat after use, and access to a well-equipped clubhouse. The clubhouse itself provides added comfort and convenience with showers, restrooms, and a dedicated fish cleaning station, perfect for preparing your catch of the day. This is a unique opportunity to acquire a valuable piece of waterfront property, combining secure boat storage with access to a range of desirable amenities. Don't miss out on this chance to own a piece of Carrabelle's waterfront lifestyle. This is a purchase opportunity, not a rental.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2006
Construction STEEL FRAME
Total area 44,484 SF
APN 19-07S-04W-1011-0000-0000
UPID US18-0777759
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
$4.81M
Blend (final) Blend
$4.81M
Owner & transaction history
Michael Reed · 4 yrs held
Michael Reed
since 2021
Last sale
$37,000
2 recorded transactions
2021
$52,000
2021
$37,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $6.2M +29.2%
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