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Property profile & analytics
OFF-MARKET
Warehouses
32 Industrial Ct Freeport, FL 32439-3141
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0692965
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Construction
STEEL FRAME
Total area
5,000 SF
Lot
0.9 ac (39,204 SF)
APN
34-1N-19-17000-002-0051
UPID
US19-0692965
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
Current use
Occupant on record · Public records
-
Innovative Pool Finishes, Inc Swimming Pool Hardware & Home Improvement
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
Florida Business Development Corpor · 4 yrs held
Florida Business Development Corpor
since 2021
Last sale
$450,000
7 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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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
$5,728
Tax year 2023
Assessed value
$457,076
Assessed 2023
Previous assessed
$386,015
+18.4% YoY
Effective rate
1.25%
On assessed value
Assessed land
$85,050
Assessed improvement
$372,026
Land market value
$85,050
Improvement market value
$372,026
Total market value
$457,076
Applied tax rate
2.0000
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
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
1
Bathrooms
1
Total area
5,000 SF
Lot
0.9 ac (39,204 SF)
APN
34-1N-19-17000-002-0051
UPID
US19-0692965
Jurisdiction
WALTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Florida Business Development Corpor
Entity
Mailing address
10 LUNT AVE, SCHAUMBURG, IL 60193-4657
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
—
Florida Business Development Corpor
Innovative Pool Finishes INC
Assignment Of Lease (leasehold Sale)
—
Jul 16, 2021
$450,000
32 Industrial Ct LLC
Samuel Clayton Blizzard
Warranty Deed
$225,000 · Jpmorgan Chase Bank NA
Jul 27, 2018
—
Samuel Clayton Blizzard
—
Deed
related
$1,629,622 · Trustmark National Bank
Mar 11, 2010
$220,000
Samuel Clayton Blizzard
First Florida Bank
Special Warranty Deed
$176,000 · First Florida Bank
Jan 18, 2007
$240,000
Wrw LLC
Coastal Underground INC
Warranty Deed
$234,000 · Destin First Bank
May 10, 2004
$176,700
Coastal Underground INC
Andrews,mark
Warranty Deed
$176,500 · David Demaio
Jan 7, 2004
$100,000
Mark Andrews
A & D Construction Lc
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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