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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Warehouses
161 Goldsby Rd Santa Rosa Beach, FL 32459-3284
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5095823
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
STEEL FRAME
Total area
22,250 SF
Lot
10 ac (435,513 SF)
APN
25-2S-21-42000-014-0000
UPID
US18-5095823
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
Current use
Occupant on record · Public records
-
Destin Auto Care Auto Repair Shop
-
Southern Alternative Energy Inc Solar Energy Company Electric Vehicle Charging Station Contractor
-
Payfin Distribution Big Box & Wholesale Store Construction Company
-
Pinnacle Partners Big Box & Wholesale Store
-
Neocrete Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$2.22M
Owner & transaction history
Red Lock Investments LLC · 7 yrs held
Red Lock Investments LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+30.6%
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 Santa Rosa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Rosa 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,190,000
6.5%
$2,945,000
7%
$2,735,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,635,000
Current use
RETAIL STORES
$3,440,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±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
$100 / 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
$29,834
Tax year 2023
Assessed value
$3,686,905
Assessed 2023
Previous assessed
$2,866,330
+28.6% YoY
Effective rate
0.81%
On assessed value
Assessed land
$939,536
Assessed improvement
$2,747,369
Land market value
$939,536
Improvement market value
$2,747,369
Total market value
$3,686,905
Applied tax rate
7.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
15
Stories
1
Rooms
1
Bathrooms
4
Total area
22,250 SF
Lot
10 ac (435,513 SF)
APN
25-2S-21-42000-014-0000
UPID
US18-5095823
Jurisdiction
WALTON
Zoning & alternative use
Zoning · permitted uses
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
WAREHOUSE, STORAGE Current
Est. value
$2.6M
RETAIL STORES
Est. value
$3.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1999
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
15
Rooms
1
Bathrooms
4
Lot
10 ac
Current owner
From public records · entity-resolved
Red Lock Investments LLC
Entity
Mailing address
30 SANDESTIN ESTS DR, MIRAMAR BEACH, FL 32550-4553
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2019
—
Red Lock Investments LLC
—
Deed
related
$2,467,866 · Renasant Bank
Aug 10, 2018
$1,956,600
Red Lock Investments LLC
Diane Goldsby
Warranty Deed
$5,000,000 · Trustmark National Bank
Jul 19, 2018
—
Judith D Goldsby
Goldsby Robert P SR Trust
Quit Claim Deed
related
—
Jul 18, 2018
—
Goldsby,robert SR Trust
Goldsby Robert P SR
Quit Claim Deed
related
—
Dec 28, 2016
—
Robert P Goldsby
—
Deed
related
$1,942,561 · Trustmark Nat'l Bk
Apr 18, 2002
—
Robert P Goldsby
—
Trustees Deed
related
$730,000 · First National Bank Florida
—
—
Robert P Goldsby
—
Deed Of Trust
related
—
—
—
Robert P Goldsby
—
Deed Of Trust
related
$100,000 · First American Bank Walton
—
—
Robert P Goldsby
—
Loan Modification
related
$1,942,561 · Trustmark Nat'l Bk
—
—
Robert P Goldsby
—
Deed Of Trust
related
$631,565 · Commerce South Bank
—
—
Robert P Goldsby
—
Deed Of Trust
related
$43,170 · Trustmark National 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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