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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Motels
1625 Scenic Hwy 98 Destin, FL 32541-3305
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-5859892
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,382 SF
Lot
3.51 ac (153,086 SF)
APN
00-2S-22-2300-0012-0010
UPID
US18-5859892
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
-
Mally Photography Photography Service (Bike/Boat/Book/etc) Store
-
Destin Dog Park Park
-
Hampton Inn & Suites Destin Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.41M
Owner & transaction history
Key Destin Owner LLC · 8 yrs held
Key Destin Owner LLC
since 2018
6 recorded transactions
Zoning & alternative use
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 Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin 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
$1,100,000
CAP Approach
CAP Return
Estimation
6%
$1,890,000
6.5%
$1,745,000
7%
$1,620,000
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$48 / 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
$198,593
Tax year 2023
Assessed value
$16,860,330
Assessed 2023
Previous assessed
$16,911,809
-0.3% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,964,181
Assessed improvement
$14,896,149
Land market value
$1,964,181
Improvement market value
$14,896,149
Total market value
$16,860,330
Applied tax rate
10.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
130
Rooms
40
Total area
29,382 SF
Lot
3.51 ac (153,086 SF)
APN
00-2S-22-2300-0012-0010
UPID
US18-5859892
Jurisdiction
OKALOOSA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
130
Rooms
40
Lot
3.51 ac
Current owner
From public records · entity-resolved
Key Destin Owner LLC
Entity
Free & Clear · 8 yrs held
Mailing address
848 BRICKELL AVE STE #1100, MIAMI, FL 33131-2943
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2018
$31,500,000
Key Destin Owner LLC
Destin Pink Hotel LLC
Grant Deed
—
Apr 6, 2015
—
Destin Pink Hotel LLC
Northumberland Hotel Partners LLC
Special Warranty Deed
$18,000,000 · Goldman Sachs Mortgage Company
Aug 23, 2012
—
Northumberland Hotel Ptrs LLC
—
Deed Of Trust
related
$22,275,000 · Suntrust Bank NA
Jul 8, 2010
—
Northumberland Hotel Ptrs LLC
—
Deed Of Trust
related
$14,475,000 · Magna Bank NA
Oct 9, 2003
$14,900,000
Northumberland Hotel Partners
Swh Hotel LLC
Grant Deed
$15,000,000 · Security Life Of Denver Ins Co
—
—
Northumberland Hotel Ptrs LLC
—
Deed Of Trust
related
$2,970,000 · Suntrust Bank NA
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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