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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
19 State Hwy 20th W Freeport, FL 32439-3814
Entity Owned
Free & Clear
Property ID
US18-6186715
Property summary
AI-generated overview
This exceptional commercial property in Freeport, Florida, presents a unique investment opportunity. Located at 19 State Highway 20, this expansive 91,476 square foot lot (approximately 2 acres) offers significant potential for a variety of commercial ventures. The property is zoned C1 and RC commercial, providing flexibility for diverse business plans, from retail establishments to office complexes. Its strategic location ensures high visibility and accessibility, capitalizing on the area's bustling activity. The asking price is $1,250,000. This offering includes four separate parcels, providing additional development options. Detailed parcel information is available in the accompanying documents. Built in 1950, this property offers a blank canvas for your commercial vision, allowing you to create a space tailored to your specific business needs. Don't miss this chance to establish your presence in this thriving Freeport community. Seize this opportunity to build your commercial success in a prime location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
3,420 SF
Lot
0.88 ac (38,333 SF)
APN
15-1S-19-23040-006-001A
UPID
US18-6186715
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
$565k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Freeport Brothers LLC
Freeport Brothers LLC
since 2025
Last sale
$550,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$855,000
+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
$480,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$565,000
Alternative Use
Use
Estimation
RETAIL STORES
$530,000
Current use
OFFICE BUILDING
$855,000
Change: +62% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Feb 28 2023)
Last sale anchor
$550k
Feb 28 2023
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
$161 / 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
$2,183
Tax year 2023
Assessed value
$135,863
Assessed 2023
Previous assessed
$148,255
-8.4% YoY
Effective rate
1.61%
On assessed value
Assessed land
$92,805
Assessed improvement
$43,058
Land market value
$92,805
Improvement market value
$43,058
Total market value
$135,863
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
3,420 SF
Lot
0.88 ac (38,333 SF)
APN
15-1S-19-23040-006-001A
UPID
US18-6186715
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
RETAIL STORES Current
Est. value
$530,000
OFFICE BUILDING
Est. value
$855,000
RETAIL STORES Current
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
1950
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Freeport Brothers LLC
Entity
Free & Clear · 0 yrs held
Mailing address
23355 5TH AVE, FLORALA, AL 36442-3818
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2025
$1,000,000
Freeport Brothers LLC
Selrahc Limited Partnership
Special Warranty Deed
—
Feb 28, 2023
$550,000
Selrahc Limited Partnership
Larry Walsh And Associates LLC
Warranty Deed
—
Jul 22, 2021
$454,000
Larry Walsh And Associates LLC
Kim K Casweil
Warranty Deed
$434,000 · Kim Caswell
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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