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Property profile & analytics
OFF-MARKET
Estimated value
$9,375,000
Grocery and convenience stores
16400 Us Hwy 331st S Freeport, FL 32439-4100
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-6660941
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2016
Total area
50,014 SF
Lot
9.06 ac (394,610 SF)
Zoning code
3310
APN
14-1S-19-23000-006-0010
UPID
US18-6660941
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
-
Swartz & Son LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.87M
Comparable Approach
Comparable
$12.59M
Blend (final)
Blend
$9.38M
Owner & transaction history
Publix Super Markets INC · 8 yrs held
Publix Super Markets INC
since 2018
7 recorded transactions
Zoning & alternative use
3310 · Freeport, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.9M
+92.2%
Office building
$12.5M
+62.1%
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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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%
$9,610,000
6.5%
$8,870,000
7%
$8,235,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,730,000
Current use
RESTAURANT
$14,865,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$12,535,000
Change: +62% · Conversion: Easy
Blend value · Realmo final
$9.38M
Range $8.44M – $10.31M · ±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
$187 / 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
$106,599
Tax year 2023
Assessed value
$7,598,451
Assessed 2023
Previous assessed
$7,721,687
-1.6% YoY
Effective rate
1.40%
On assessed value
Assessed improvement
$7,598,451
Improvement market value
$7,598,451
Total market value
$7,598,451
Applied tax rate
2.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
14
Total area
50,014 SF
Lot
9.06 ac (394,610 SF)
Zoning code
3310
APN
14-1S-19-23000-006-0010
UPID
US18-6660941
Jurisdiction
WALTON
Zoning & alternative use
3310 · Freeport, FLZoning 3310 · permitted uses
3310 · Freeport, FL
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
RETAIL STORES Current
Est. value
$7.7M
RESTAURANT
Est. value
$14.9M
OFFICE BUILDING
Est. value
$12.5M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
14
Lot
9.06 ac
Current owner
From public records · entity-resolved
Publix Super Markets INC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
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
Jul 23, 2018
$12,677,500
Publix Super Markets INC
Freeport Retail Dev LLC
Grant Deed
—
Apr 2, 2018
$525,000
Mcdonalds USA LLC
Freeport Retail Dev LLC
Grant Deed
—
Jan 11, 2018
$367,500
Waffle House INC
Maddox Holding Partner INC
Grant Deed
—
Dec 14, 2017
—
Maddox Holding Partners INC
—
Trustees Deed
related
$1,343,000 · Peoples Nat'l Bk
Oct 13, 2017
$525,000
Maddox Holding Partners INC
Freeport Retail Dev LLC
Grant Deed
—
Oct 13, 2017
—
Maddox Holding Partners INC
Freeport Retail Dev LLC
Quit Claim Deed
related
—
Jun 1, 2015
$17,296
Freeport Retail Dev LLC
Freeport Business Park Ltd
Grant Deed
related
—
Apr 9, 2015
$2,465,800
Freeport Retail Dev LLC
Freeport Business Park LP
Grant Deed
—
Sep 17, 2008
$145,000
Freeport Business Park Ltd
Lowery,johnnie M B
Warranty Deed
—
Jan 5, 2000
$150,000
Freeport Business Park Ltd
Wentworth,david C
Grant Deed
$127,500 · Regions Bank
Jul 30, 1998
$50,500
David Wentworth
Maynor,gussie L
Grant Deed
—
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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