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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Manufacturing properties
2460 Development Cir Bonifay, FL 32425-6024
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-7082905
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2019
Total area
5,689 SF
Lot
14.13 ac (615,503 SF)
APN
0604.00-000-000-005.100
UPID
US18-7082905
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Md Properties Of North Florida LLC · 2 yrs held
Md Properties Of North Florida LLC
since 2023
Last sale
$725,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bonifay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bonifay 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
$560,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$585,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$445,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $725k (Oct 5 2023)
Last sale anchor
$725k
Oct 5 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
$123 / 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
$6,439
Tax year 2023
Assessed value
$417,854
Assessed 2023
Previous assessed
$417,854
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$42,500
Assessed improvement
$375,354
Land market value
$42,500
Improvement market value
$375,354
Total market value
$417,854
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2019
Heating
STEAM
Buildings
3
Stories
1
Bathrooms
4
Total area
5,689 SF
Lot
14.13 ac (615,503 SF)
APN
0604.00-000-000-005.100
UPID
US18-7082905
Jurisdiction
HOLMES
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
OFFICE BUILDING
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$580,000
RETAIL STORES
Est. value
$445,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2019
Heating
STEAM
Stories
1
Buildings
3
Bathrooms
4
Lot
14.13 ac
Current owner
From public records · entity-resolved
Md Properties Of North Florida LLC
Entity
Mailing address
2460 DEVELOPMENT CIR, BONIFAY, FL 32425-6024
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
$725,000
Md Properties Of North Florida LLC
Holmes County Development Commissio
Warranty Deed
$675,000 · Holmes County Development Commissio
Dec 13, 2019
$240,000
Bd Xtreme Holdings LLC
Holmes Cnty Dev Comn INC
Warranty Deed
$1,400,000 · Bizcapital Bidco
Aug 28, 2014
$305,000
Holmes County Dev Commission
Coates M E Family Trust
Grant Deed
—
Apr 10, 2013
—
Coates,martin E Family Trust
Coates Martin E
Quit Claim Deed
related
—
Sep 17, 2001
$210,000
Martin E Coates
Utility Service Co
Grant Deed
—
Feb 28, 1997
$150,000
Jimmy D Morris
Spear,neil
Grant Deed
$153,031 · Emerald Coast 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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