301 Monument Ave Port St Joe, FL 32456-1817
Property profile & analytics
301 Monument Ave Port St Joe, FL 32456-1817
- Retail space
- 4,376 SF
- 0.22 lot acres
Property ID
US18-3308760
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sand Dollar Cafe / Restaurant
- Quatro Locos Tacos and Cantina / Restaurant
Property Details for 301 Monument Ave
- Year built
- 1952
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.22 lot acres
- Property size
- 4,376 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- 04710-000R
- APU
- 04710000R
Description
This exceptional 3,600 square foot shopping center in Port St. Joe, Florida, presents a compelling investment opportunity. Located at 301 Monument Ave, this single-story, Class C property sits on a 14,400 square foot lot and boasts 100% occupancy with four tenants under long-term leases. The current annual net operating income (NOI) is $94,200, yielding a 5.89% cap rate, with a pro-forma NOI of $97,000 and a pro-forma cap rate of 6.06%. The asking price is $1,600,000, translating to $444.44 per square foot. Tenants include a restaurant, vape store, and two additional businesses, generating a stable monthly income of $8,700. The property underwent a complete renovation in 2019, featuring central air conditioning, four bathrooms, and ducted heat. Annual expenses, including taxes and insurance, total approximately $10,200. The remaining lease term is five years, offering a strong foundation for future growth and potential rent increases. This property is offered for sale by owner and represents a rare chance to acquire a well-maintained, high-performing retail asset in a desirable location. The property features four units within a single building.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $875,000
- ML approach
- $780,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,071,000
- AI Estimate
- $756,000
Market price range: $648k - $1.07MMarket price range: $198k - $757k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $820,000 Current use
- COMMERCIAL (GENERAL)
- $675,000 Change: -18% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Port St Joe
- County
- Gulf
- State
- Florida
- Longitude
- -85.3039
- Latitude
- 29.8138
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,432
$527,000
$487,558
$1,014,558
-
$527,000
$487,558
$1,014,558
