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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Retail space
3268 Us Hwy 98th W Santa Rosa Beach, FL 32459-4053
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-6177613
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
STEEL FRAME
Total area
9,309 SF
Lot
1.96 ac (85,595 SF)
Zoning code
HWY 98
APN
27-2S-20-33210-000-0166
UPID
US18-6177613
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
$1.00M
Blend (final)
Blend
$865k
Owner & transaction history
Realty Income Props 13 LLC · 12 yrs held
Realty Income Props 13 LLC
since 2014
7 recorded transactions
Zoning & alternative use
HWY 98 · Santa Rosa 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 Santa Rosa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Rosa 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,440,000
Current use
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$93 / 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
$14,742
Tax year 2023
Assessed value
$1,705,283
Assessed 2023
Previous assessed
$1,757,344
-3.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$856,350
Assessed improvement
$848,933
Land market value
$856,350
Improvement market value
$848,933
Total market value
$1,705,283
Applied tax rate
7.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
2
Bathrooms
2
Total area
9,309 SF
Lot
1.96 ac (85,595 SF)
Zoning code
HWY 98
APN
27-2S-20-33210-000-0166
UPID
US18-6177613
Jurisdiction
WALTON
Zoning & alternative use
HWY 98 · Santa Rosa Beach, FL
Zoning HWY 98 · permitted uses
HWY 98 · Santa Rosa Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Rosa Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
RETAIL STORES Current
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
2012
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
2
Lot
1.96 ac
Current owner
From public records · entity-resolved
Realty Income Props 13 LLC
Entity
Free & Clear · 12 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2014
$1,968,604
Realty Income Props 13 LLC
Dolgencorp LLC
Grant Deed
—
Jun 6, 2012
$1,678,747
Retail Property Invs LLC
Teramore Dev LLC
Grant Deed
—
Jun 6, 2012
—
Dolgencorp LLC
Retail Property Invs LLC
Quit Claim Deed
related
—
Jul 1, 2011
$500,000
Teramore Dev LLC
Synovus Bk
Quit Claim Deed
related
$375,000 · Thomasville National Bank
Jun 29, 2005
—
Patterson Patricia B Trust
Barnett Banks Trust Co NA
Grant Deed
—
Jun 9, 2005
$458,400
Ggs Hwy 98 LLC
Patterson,patricia B
Warranty Deed
$2,502,000 · Bank Of North Georgia
May 23, 2005
—
Ggs Hwy 98 LLC
Patterson Patricia B
Grant Deed
related
—
—
—
Teramore Dev LLC
—
Deed Of Trust
related
$1,109,225 · Thomasville National Bank
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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