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Property profile & analytics
FOR SALE
Turn key restaurants
3176 Highway 98 Mary Esther, FL 32569
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4590277
For Sale
$1,395,000
3176 Highway 98, Mary Esther, FL 32569
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,880 SF
Lot
0.5 ac (21,800 SF)
APN
18-2S-25-272A-0025-0010
UPID
US18-4590277
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
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$424k
Blend (final)
Blend
$535k
Owner & transaction history
Dsl Company LLC · 2 yrs held
Dsl Company LLC
since 2024
Last sale
$535,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$710,000
+15.8%
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
$535,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$610,000
Current use
COMMERCIAL (GENERAL)
$710,000
Change: +16% · Conversion: Easy
RETAIL STORES
$550,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $535k (Jan 8 2024)
Last sale anchor
$535k
Jan 8 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
$186 / 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
$3,541
Tax year 2023
Assessed value
$289,533
Assessed 2023
Previous assessed
$271,120
+6.8% YoY
Effective rate
1.22%
On assessed value
Assessed land
$136,431
Assessed improvement
$153,102
Land market value
$136,431
Improvement market value
$153,102
Total market value
$289,533
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
2,880 SF
Lot
0.5 ac (21,800 SF)
APN
18-2S-25-272A-0025-0010
UPID
US18-4590277
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
RESTAURANT Current
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$710,000
RETAIL STORES
Est. value
$550,000
RESTAURANT Current
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Lot
0.5 ac
Current owner
From public records · entity-resolved
Dsl Company LLC
Entity
Mailing address
1935 ALFRED BLVD, NAVARRE, FL 32566-7332
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
$535,000
Dsl Company LLC
David S Biedlingmaier
Warranty Deed
$248,424 · Tina Biedlingmaier
Mar 15, 2021
—
Robert Emerson Lee
Robert Emerson Lee
Intrafamily Transfer
related
—
Dec 12, 2018
$305,000
David S Biedlingmaier
First Cty Bk Of Fl
Warranty Deed
$259,250 · First Cty Bk/fl
Jun 5, 2018
$1,000
First Cty Bk Of Fl
Seger Coml Prop LLC Coc
Trustees Deed
related
—
Dec 22, 2006
$300,000
Seger Commercial Props LLC
Hiram Properties INC
Warranty Deed
$240,000 · Vanguard Bank & Trust Co
—
—
Seger Commercial Prop LLC
—
Deed Of Trust
related
$500,000 · First City Bank Florida
—
—
Seger Commercial Props LLC
—
Deed Of Trust
related
$64,950 · Vanguard Bank & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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