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    Property profile & analytics

    1593 Hwy 98th E Carrabelle, FL 32322

    • Turn key restaurants
    • 3,450 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Last Sale
    Jun 21, 2024
    $245,000
    Location Intelligence
    Property ID
    US18-5861068
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1593 Hwy 98th E

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.50 lot acres
    Property size
    3,450 SF
    Property type
    Turn key restaurants
    APN
    30-07S-04W-0000-0020-0000
    APU
    3007S04W000000200000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $345,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $310,000
      Mixed-Use
      $360,000
      Hospitality
      $290,000
      Educational
      $320,000
      Residential Income
      $335,000
      Energy
      $265,000
      Income-Based Land
      $340,000
      Food Service
      $265,000

    Location Insight

    • Map
    • Local Demand
    City
    Carrabelle
    County
    Franklin
    State
    Florida
    Longitude
    -84.68
    Latitude
    29.8425

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,223
    $31,875
    $102,889
    $134,764
    -
    $31,875
    $102,889
    $134,764

    Comparable in this City

    • Value Estimation by Request
      1,430 SF

      88 Tallahassee St

      RESTAURANT • 1,430 SF
      88 Tallahassee St, Carrabelle, FL 32322
      View Details
    • Value Estimation
      $455,000
      1,466 SF

      Hook Tallys

      RESTAURANT • 1,466 SF
      Hook Tallys, Carrabelle, FL 32322
      View Details
    • Value Estimation
      $295,000
      2,880 SF

      2325 Hwy 98th E

      RESTAURANT • 2,880 SF
      2325 Hwy 98th E, Carrabelle, FL 32322-2218
      View Details
    • Value Estimation by Request
      2,328 SF

      1 Gulf Bch Dr

      RESTAURANT • 2,328 SF
      1 Gulf Bch Dr, Carrabelle, FL 32322-3078
      View Details
    • Value Estimation
      $740,000
      5,217 SF

      275 Timber Is Rd

      RESTAURANT • 5,217 SF
      275 Timber Is Rd, Carrabelle, FL 32322-5075
      View Details
    • Value Estimation by Request
      2,429 SF

      Old Funky Oyster

      RESTAURANT • 2,429 SF
      Old Funky Oyster, Carrabelle, FL 32322
      View Details

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      High-yield retail investment. Strong tenant.
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      Carrabelle Land Near Carrabelle Harbor

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    Carrabelle, FL 32322
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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