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    Property profile & analytics

    1605 Hwy 98 Mexico Beach, FL 32456-5107

    • Commercial land
    • 15,309 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-2655754
    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

    • Commercial land

    Property Details for 1605 Hwy 98

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.15 lot acres
    Property size
    15,309 SF
    Zone code
    MB03
    Property type
    Commercial land
    APN
    04368-000-000
    APU
    4368000000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mexico Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.4087
    Latitude
    29.9409
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

    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
    $0.00
    $1.00
    $0.00
    $1.00
    -
    $1.00
    $0.00
    $1.00

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      700 15th St

      VACANT COMMERCIAL LAND • 0.10 Acres
      700 15th St, Mexico Beach, FL 32456-7054
      View Details
    • Value Estimation by Request
      0.16 Acres

      805 Hwy 98

      VACANT COMMERCIAL LAND • 0.16 Acres
      805 Hwy 98, Mexico Beach, FL 32456-7059
      View Details
    • Value Estimation by Request
      0.01 Acres

      1120 15th St, Unit 46

      VACANT COMMERCIAL LAND • 1,462 SF
      1120 15th St, Mexico Beach, FL 32456-7188
      View Details
    • Value Estimation by Request
      0.01 Acres

      1120 15th St, Unit 52

      VACANT COMMERCIAL LAND • 929 SF
      1120 15th St, Mexico Beach, FL 32456-7188
      View Details
    • Value Estimation by Request
      0.01 Acres

      1120 15th St, Unit 53

      VACANT COMMERCIAL LAND • 1,751 SF
      1120 15th St, Mexico Beach, FL 32456-7188
      View Details
    • Value Estimation by Request
      0.01 Acres

      1120 15th St, Unit 55

      VACANT COMMERCIAL LAND • 882 SF
      1120 15th St, Mexico Beach, FL 32456-7188
      View Details

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    1605 Hwy 98
    Mexico Beach, FL 32456-5107
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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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