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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Warehouses
237 Market St Santa Rosa Beach, FL 32459-5382
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3141493
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
STEEL FRAME
Total area
6,208 SF
Lot
0.46 ac (20,038 SF)
APN
26-2S-20-33350-000-0080
UPID
US18-3141493
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
-
30A Wedding Videography Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$842k
Blend (final)
Blend
$1.18M
Owner & transaction history
Rjm Management Group LLC · 1 yrs held
Rjm Management Group LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+151.1%
Retail stores
$960,000
+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
$1,120,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$735,000
Current use
RESTAURANT
$1,845,000
Change: +151% · Conversion: Difficult
RETAIL STORES
$960,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $1.55M (Sep 11 2024)
Last sale anchor
$1.55M
Sep 11 2024
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
$190 / 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
$5,930
Tax year 2023
Assessed value
$867,948
Assessed 2023
Previous assessed
$867,948
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$185,965
Assessed improvement
$681,983
Land market value
$185,965
Improvement market value
$681,983
Total market value
$867,948
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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
4
Bathrooms
1
Total area
6,208 SF
Lot
0.46 ac (20,038 SF)
APN
26-2S-20-33350-000-0080
UPID
US18-3141493
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
$735,000
RESTAURANT
Est. value
$1.8M
RETAIL STORES
Est. value
$960,000
WAREHOUSE, STORAGE Current
RESTAURANT
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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Rjm Management Group LLC
Entity
Mailing address
174 WATERCOLOR WAY STE #103, SANTA ROSA BEACH, FL 32459-7351
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 11, 2024
$1,550,000
Rjm Management Group LLC
Food For Thought Outreach INC
Warranty Deed
$1,317,500 · United Community Bank
Apr 28, 2023
$1,225,000
Food For Thought Outreach INC
Loan Kim Nguyen
Warranty Deed
—
Jul 24, 2013
$425,000
Loan K Nguyen
Jbsb Ents LLC
Warranty Deed
$423,000 · Beach Community Bank
Jan 12, 2005
—
Jbsb Ents LLC
—
Trustees Deed
related
$277,646 · Beach Community Bank
Aug 24, 2004
—
Jbsb Ents LLC
Ryan,james P & Renee M
Grant Deed
related
—
Mar 1, 2004
$275,000
Jbsb LLC
Ryan,james P & Renee M
Grant Deed
$220,000 · Destin Bank
Oct 10, 2002
$80,000
James P Ryan
Craftsman LLC
Grant Deed
$64,000 · The Bank
—
—
Jbsb Ents LLC
—
Deed Of Trust
related
$25,163 · Beach Community Bank
—
—
Jbsb Ents LLC
—
Deed Of Trust
related
$31,454 · 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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