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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Warehouses
176 Commercial Pkwy Santa Rosa Beach, FL 32459-3290
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9157740
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
STEEL FRAME
Total area
5,330 SF
Lot
0.5 ac (21,606 SF)
APN
30-2S-20-33500-000-0130
UPID
US18-9157740
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
-
Mediacom Communications Corporation Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$738k
Blend (final)
Blend
$805k
Owner & transaction history
Starfish Dev LLC · 5 yrs held
Starfish Dev LLC
since 2020
Last sale
$815,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$825,000
+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
$795,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$630,000
Current use
RETAIL STORES
$825,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $815k (Dec 23 2020)
Last sale anchor
$815k
Dec 23 2020
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
$151 / 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
$6,915
Tax year 2023
Assessed value
$761,024
Assessed 2023
Previous assessed
$755,873
+0.7% YoY
Effective rate
0.91%
On assessed value
Assessed land
$155,815
Assessed improvement
$605,209
Land market value
$155,815
Improvement market value
$605,209
Total market value
$761,024
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
5,330 SF
Lot
0.5 ac (21,606 SF)
APN
30-2S-20-33500-000-0130
UPID
US18-9157740
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
$630,000
RETAIL STORES
Est. value
$825,000
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
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
3
Lot
0.5 ac
Current owner
From public records · entity-resolved
Starfish Dev LLC
Entity
Mailing address
206 TEQUESTA DR E STE E, DESTIN, FL 32541-4805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 23, 2020
$815,000
Starfish Dev LLC
Ccl Of Destin LLC
Grant Deed
—
Oct 31, 2016
—
Ccl Of Destin LLC
—
Deed
related
$475,000 · Beach Community Bank
Oct 20, 2016
$257,000
Ccl Of Destin LLC
Cpr Of Destin INC
Warranty Deed
—
Sep 22, 2008
$1,500,000
Cpr Of Destin INC
Beach Cmnty Bk
Warranty Deed
$921,527 · Beach Community Bank
Apr 14, 2008
$298,431
Beach Community Bank
Vintage Homes Of Florida LLC
Grant Deed
related
—
Mar 18, 2008
$298,500
Beach Community Bank
Vintage Homes Of Florida LLC
Warranty Deed
—
Aug 19, 2005
$750,000
Vintage Homes Of Florida LLC
American Diversified Inds Of Nort
Warranty Deed
$600,000 · Beach Community Bank
—
—
Cpr Of Destin INC
—
Deed Of Trust
related
$272,000 · Beach Community 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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