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Property profile & analytics
OFF-MARKET
Estimated value
$2,915,000
Office buildings
327 County Hwy 393 Santa Rosa Beach, FL 32459-4212
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-6110410
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
FRAME
Total area
9,044 SF
Lot
0.89 ac (38,768 SF)
APN
35-2S-20-33280-000-0591
UPID
US18-6110410
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
-
Hillary Owen, LCSW Psychotherapist
-
Emerald Coast Associates Civil Engineer
-
Shelby Peaden Events Wedding Service Event Planning
-
Savoir Faire Weddings Wedding Service
-
Gwyne Gray Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.94M
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.92M
Owner & transaction history
Eric Scott Isham · 2 yrs held
Eric Scott Isham
since 2023
Last sale
$3.0M
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 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
$2,815,000
ML approach
$2,935,000
CAP Approach
CAP Return
Estimation
6%
$2,025,000
6.5%
$1,870,000
7%
$1,735,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,115,000
Current use
COMMERCIAL (GENERAL)
$3,080,000
Change: -1% · Conversion: Easy
RESTAURANT
$2,690,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$2.92M
Range $2.62M – $3.21M · ±10% · vs last sale $2.95M (Aug 15 2023)
Last sale anchor
$2.95M
Aug 15 2023
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
$322 / 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
$9,272
Tax year 2023
Assessed value
$1,138,251
Assessed 2023
Previous assessed
$930,027
+22.4% YoY
Effective rate
0.81%
On assessed value
Assessed land
$388,110
Assessed improvement
$750,141
Land market value
$388,110
Improvement market value
$750,141
Total market value
$1,138,251
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
5
Total area
9,044 SF
Lot
0.89 ac (38,768 SF)
APN
35-2S-20-33280-000-0591
UPID
US18-6110410
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RESTAURANT
Est. value
$2.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
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
2009
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.89 ac
Current owner
From public records · entity-resolved
Eric Scott Isham
Individual
Mailing address
446 E ROYAL FERN WAY, SANTA ROSA BEACH, FL 32459-7996
Ownership since
2023
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
Aug 15, 2023
$2,950,000
Eric Scott Isham
Burgis Lundy & Burgis LLC
Warranty Deed
$2,453,159 · First National Bank Of Decatur Coun
Nov 4, 2019
—
Burgis Lundy & Burgis LLC
—
Deed
related
$1,016,110 · Fnbt Bk
Jul 6, 2018
$860,300
Burgis Lundy & Burgis LLC
Emerald Coast Associates INC
Quit Claim Deed
related
—
Jul 18, 2016
—
Emerald Coast Associates INC
—
Deed
related
—
Oct 13, 2015
—
Emerald Coast Associates INC
—
Trustees Deed
related
$408,082 · Trustmark Nat'l Bk
Jul 14, 2008
$367,500
Emerald Coast Associates INC
Ukell LLC
Warranty Deed
$1,060,000 · Merchants & Farmers Bank
—
—
Emerald Coast Associates INC
—
Deed Of Trust
related
$935,000 · Fnbt.com Bk
—
—
Burgis Lundy & Burgis LLC
—
Loan Modification
related
$1,016,110 · Fnbt Bk
—
—
Emerald Coast Associates INC
—
Loan Modification
related
—
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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