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Property profile

1900 Highway 98 Mary Esther, FL 32569

FOR LEASE
Other commercial real estate
Property ID
US18-4362905
4,115 SF 0.41 ac lot Built 1997
Last sale Oct 2023 · $470,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1900 Highway 98, Mary Esther, FL 32569 For Lease
$4,608/Mo 3,950 SF available
1900 Highway 98, Mary Esther, FL 32569
View Listing

Property summary

AI-generated overview

The property is a flex/industrial-style building totaling approximately 4,000 square feet, with an interior office area, high ceilings, and a small rear storage area. The structure includes three electric roll-up doors and is equipped with a generator, supporting its prior commercial use configuration. Historically, the building was used as the Florosa Fire Department. Site access is provided from Highway 98 and from a rear road identified as Skylark. The property is located at 1900 Hwy 98 in Mary Esther, Florida, just west of Hurlburt AFB.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$322k
Assessed land$140k
Assessed improvement$181k

Value estimate

· Oct 2026
$595k
$536k – $655k
AI approach$615k
CAP approach$770k
NOI build-up
Gross scheduled income$33k
Vacancy & credit loss−$2k
Operating expenses−$5k
NOI · 582.66% cap applied$27k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$246/SF
County average, outlier-cleaned · 335 recorded sales of this use type
Observed band · Q1–Q3$127 – $437
Qualifying comparables15

Cap rate analysis

How does the asset earn?
582.66%
$27k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOKALOOSA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency17.1
Law Firm15.1
Restaurant12.8

Location

1900 Highway 98 Mary Esther, FL 32569
County assessor Recorded deeds · 1 transfer 15 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2179 Hwy 98, Mary Esther, FL 32569-1450 $196,300 Mar 2025 6,014 SF
1928 Hwy 98, Mary Esther, FL 32569-3201 $200,000 Feb 2025 1,370 SF
101 Mary Esther, Mary Esther, FL 32569-1919 $1,500,000 Sep 2024 4,649 SF
193 Mary Esther, Mary Esther, FL 32569-1919 $2,400,000 Jul 2024 2,700 SF
3395 Hwy 98, Mary Esther, FL 32569-2389 $90,000 May 2024 1,864 SF
1881 Hwy 98, Mary Esther, FL 32569-2259 $485,000 Apr 2022 5,536 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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