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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Warehouses
18235 Us Hwy 331st S Freeport, FL 32439-4347
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2713203
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
STEEL FRAME
Total area
4,200 SF
Lot
2 ac (87,164 SF)
Zoning code
3310
APN
27-1S-19-23000-043-0021
UPID
US18-2713203
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$775k
Blend (final)
Blend
$690k
Owner & transaction history
Tuscan LLC · 5 yrs held
Tuscan LLC
since 2021
Last sale
$840,000
7 recorded transactions
Zoning & alternative use
3310 · Freeport, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+126.3%
Retail stores
$650,000
+39.6%
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 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
$650,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$465,000
Current use
OFFICE BUILDING
$1,055,000
Change: +126% · Conversion: Difficult
RETAIL STORES
$650,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $840k (Apr 7 2021)
Last sale anchor
$840k
Apr 7 2021
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
$164 / 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
$6,006
Tax year 2023
Assessed value
$717,057
Assessed 2023
Previous assessed
$845,355
-15.2% YoY
Effective rate
0.84%
On assessed value
Assessed land
$305,200
Assessed improvement
$411,857
Land market value
$305,200
Improvement market value
$411,857
Total market value
$717,057
Applied tax rate
5.0000
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
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
4,200 SF
Lot
2 ac (87,164 SF)
Zoning code
3310
APN
27-1S-19-23000-043-0021
UPID
US18-2713203
Jurisdiction
WALTON
Zoning & alternative use
3310 · Freeport, FL
Zoning 3310 · permitted uses
3310 · Freeport, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freeport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$465,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$650,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
2 ac
Current owner
From public records · entity-resolved
Tuscan LLC
Entity
Mailing address
235 SAN JUAN AVE, SANTA ROSA BEACH, FL 32459-6371
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
—
654limo Transportation LLC
—
Deed
related
$310,000 · Progress Bank & Trust
Apr 7, 2021
$840,000
Tuscan LLC
Robert Preston
Warranty Deed
$630,000 · Trustmark National Bank
Oct 1, 2019
$500,000
Robert Preston
Crystal Beach Development Of Destin
Warranty Deed
$400,000 · Renasant Bank
Apr 6, 2012
$250,000
Crystal Beach Development Of Destin
Paul C Schaffer
Warranty Deed
$200,000 · Bancorpsouth Bank
Jan 15, 2010
—
Paul C Schaffer III
—
Trustees Deed
related
$80,000 · Regions Bank
Dec 7, 2009
—
Paul C Schaffer III
—
Trustees Deed
related
$80,000 · Regions Bank
—
—
Paul C Schaffer
—
Deed Of Trust
related
$80,000 · Regions Bank
—
—
Paul C Schaffer
—
Deed Of Trust
related
$57,700 · Amsouth Bank
—
—
Paul C Schaffer
—
Deed Of Trust
related
$139,800 · Amsouth 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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