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Property profile & analytics
OFF-MARKET
Commercial land
1602 Hwy 98 Mexico Beach, FL 32456-0297
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-4548645
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1996
Construction
WOOD FRAME
Total area
1,092 SF
Lot
0.17 ac (7,500 SF)
Zoning code
MB03
APN
04361-000-000
UPID
US18-4548645
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
Southern Dist Of Lutheran Chruch Mo · 2 yrs held
Southern Dist Of Lutheran Chruch Mo
since 2023
Last sale
$150,000
7 recorded transactions
Zoning & alternative use
MB03 · Mexico Beach, FL
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 Mexico Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mexico Beach 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
$210,000
Assessed 2023
Previous assessed
$210,000
+0.0% YoY
Assessed land
$210,000
Land market value
$210,000
Total market value
$210,000
Applied tax rate
8.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
1,092 SF
Lot
0.17 ac (7,500 SF)
Zoning code
MB03
APN
04361-000-000
UPID
US18-4548645
Jurisdiction
BAY
Zoning & alternative use
MB03 · Mexico Beach, FL
Zoning MB03 · permitted uses
MB03 · Mexico Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mexico Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Southern Dist Of Lutheran Chruch Mo
Individual
Free & Clear · 2 yrs held
Mailing address
100 MSN DR, SLIDELL, LA 70460-5216
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
—
Southern Dist Of Lutheran Chruch Mo
Living Water Lutheran Church INC
Deed In Lieu Of Foreclosure
related
—
Jun 28, 2021
$150,000
Living Water Lutheran Church INC
Southern District Of The Lutheran C
Warranty Deed
$400,000 · Southern District Church Extension
Jan 5, 2012
$275,000
District Lutheran Southern
Duren,george W
Warranty Deed
—
Jan 27, 1998
$100,000
George W Duren
Duren Trust
Grant Deed
related
$100,000 · Seller
Jan 23, 1998
$100,000
Duren Trust
Young,william P
Grant Deed
—
Jan 7, 1997
$210,000
Young,william P
Duren Trust
Trustees Deed
$100,000 · Seller
Jan 7, 1997
—
Duren Trust
Gulfaire Properties
Trustees Deed
related
—
—
—
George W Duren
—
Deed Of Trust
related
$103,499 · Capital City Bank
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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