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Property profile & analytics
OFF-MARKET
Estimated value
$12,385,000
Warehouses
2690 Hwy 98 Mary Esther, FL 32569-2331
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6412233
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
81,707 SF
Lot
5.43 ac (236,657 SF)
APN
17-2S-25-0000-0002-0110
UPID
US18-6412233
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
by Request
CAP Approach
CAP
$13.12M
Comparable Approach
Comparable
$15.02M
Blend (final)
Blend
$12.39M
Owner & transaction history
Spacebox Florosa LLC · 6 yrs held
Spacebox Florosa LLC
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$20.1M
+118.9%
Restaurant
$17.4M
+89.1%
Retail stores
$15.7M
+70.6%
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 Mary Esther submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mary Esther 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,205,000
6.5%
$13,115,000
7%
$12,180,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,180,000
Current use
COMMERCIAL (GENERAL)
$20,100,000
Change: +119% · Conversion: Difficult
RESTAURANT
$17,355,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$15,665,000
Change: +71% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$12,790,000
Change: +39% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,600,000
Change: +37% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,440,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$12.39M
Range $11.15M – $13.62M · ±10%
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
$152 / 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
$103,438
Tax year 2023
Assessed value
$8,457,568
Assessed 2023
Previous assessed
$7,812,486
+8.3% YoY
Effective rate
1.22%
On assessed value
Assessed land
$523,938
Assessed improvement
$7,933,630
Land market value
$523,938
Improvement market value
$7,933,630
Total market value
$8,457,568
Applied tax rate
21.0000
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Buildings
2
Stories
3
Rooms
4
Total area
81,707 SF
Lot
5.43 ac (236,657 SF)
APN
17-2S-25-0000-0002-0110
UPID
US18-6412233
Jurisdiction
OKALOOSA
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
$9.2M
COMMERCIAL (GENERAL)
Est. value
$20.1M
RESTAURANT
Est. value
$17.4M
RETAIL STORES
Est. value
$15.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$12.6M
INDUSTRIAL (GENERAL)
Est. value
$8.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2021
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Rooms
4
Lot
5.43 ac
Current owner
From public records · entity-resolved
Spacebox Florosa LLC
Entity
Free & Clear · 6 yrs held
Mailing address
112 SHEFFIELD LOOPD, HATTIESBURG, MS 39402-1406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Apr 7, 2021
—
Spacebox Florosa LLC
—
Deed
related
$1,042,250 · First Bank
Nov 4, 2019
$525,000
Spacebox Florosa LLC
Skinner James W Trust
Grant Deed
—
Mar 6, 2007
—
Bill Salter Advertising INC
Skinner James W SR
Grant Deed
related
—
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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