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Property profile & analytics
OFF-MARKET
Turn key restaurants
2802 Hwy 98th A, Mexico Beach, FL 32456-7154
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4980074
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Construction
WOOD
Total area
864 SF
Lot
0.03 ac (1,133 SF)
Zoning code
MB05
APN
04505-000-000
UPID
US18-4980074
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Our Mermaid Investments LLC · 5 yrs held
Our Mermaid Investments LLC
since 2021
Last sale
$350,000
7 recorded transactions
Zoning & alternative use
MB05 · Mexico Beach, FL
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 Mexico Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mexico 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,311
Tax year 2023
Assessed value
$296,550
Assessed 2023
Previous assessed
$209,342
+41.7% YoY
Effective rate
1.45%
On assessed value
Assessed land
$236,632
Assessed improvement
$59,918
Land market value
$236,632
Improvement market value
$59,918
Total market value
$296,550
Applied tax rate
8.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
3
Rooms
2
Bathrooms
1
Total area
864 SF
Lot
0.03 ac (1,133 SF)
Zoning code
MB05
APN
04505-000-000
UPID
US18-4980074
Jurisdiction
BAY
Zoning & alternative use
MB05 · Mexico Beach, FL
Zoning MB05 · permitted uses
MB05 · Mexico Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mexico Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Rooms
2
Bathrooms
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Our Mermaid Investments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4610 KIDD DR, TYLER, TX 75703-2031
Ownership since
2021
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
Jun 15, 2021
$225,000
Our Mermaid Investments LLC
David B Kiser
Warranty Deed
—
Sep 18, 2015
$200,000
David B Kiser
Tierra Uno LLC
Warranty Deed
—
Jan 13, 2011
$140,000
Tierra Uno LLC
Williams,thad E & Andea L
Warranty Deed
—
Jul 15, 2005
$350,000
Judy L Taylor
Williams,thad E & Andrea L
Warranty Deed
—
Jun 30, 2005
$370,000
William D Fauth II
Williams,thad E & Andrea L
Warranty Deed
$256,927 · Capital City Bank
Jun 16, 2005
$350,000
Evera S Moye
Williams,thad E & Andrea L
Warranty Deed
$276,000 · Regions Bank
May 21, 2004
—
Thad E Williams
Plantation Builders INC
Grant Deed
related
—
May 8, 2003
$485,000
Plantation Builders INC
Conley,edwin E & Billie W
Grant Deed
$436,500 · Colonial Bank
—
—
David B Kiser
—
Loan Modification
related
$128,000 · Centennial Bk
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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