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Property profile & analytics
OFF-MARKET
Estimated value
$2,285,000
Strip malls
3422 Us Hwy 98th W Santa Rosa Beach, FL 32459-7004
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4034360
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
STEEL FRAME
Total area
6,500 SF
Lot
3 ac (130,680 SF)
Zoning code
HWY 98
APN
27-2S-20-33210-000-0176
UPID
US18-4034360
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
$2.26M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.29M
Owner & transaction history
Haven House Mission Church INC · 2 yrs held
Haven House Mission Church INC
since 2023
Last sale
$2.4M
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
$2,125,000
ML approach
$2,260,000
CAP Approach
CAP Return
Estimation
6%
$1,650,000
6.5%
$1,525,000
7%
$1,415,000
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±10% · vs last sale $2.38M (Nov 15 2023)
Last sale anchor
$2.38M
Nov 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
$352 / 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
$11,489
Tax year 2023
Assessed value
$1,264,419
Assessed 2023
Previous assessed
$1,353,499
-6.6% YoY
Effective rate
0.91%
On assessed value
Assessed land
$964,864
Assessed improvement
$299,555
Land market value
$964,864
Improvement market value
$299,555
Total market value
$1,264,419
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
5
Bathrooms
5
Total area
6,500 SF
Lot
3 ac (130,680 SF)
Zoning code
HWY 98
APN
27-2S-20-33210-000-0176
UPID
US18-4034360
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.
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
5
Lot
3 ac
Current owner
From public records · entity-resolved
Haven House Mission Church INC
Entity
Mailing address
PO BOX 2279, SANTA ROSA BEACH, FL 32459-2279
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
$2,375,000
Haven House Mission Church INC
Old South Walton Development INC
Special Warranty Deed
$1,868,000 · Centennial Bank
May 19, 2016
—
Old South Walton Dev INC
—
Deed
related
$90,551 · Trustmark Nat'l Bk
Aug 18, 2015
$256,800
Northpoint Investments LLC
A O Holdings Of Destin II Coc
Trustees Deed
related
—
Jul 7, 2003
—
South Walton Development Old
Eley,john J
Quit Claim Deed
related
$1,150,000 · Colonial Bank
Mar 3, 2003
$1,300,000
John J Eley
Shoults,howard R
Grant Deed
$1,000,000 · Regions Bank
—
—
Old South Walton Dev INC
—
Deed Of Trust
related
$90,551 · Trustmark Nat'l Bk
—
—
John J Eley
—
Deed Of Trust
related
$99,500 · Abwin Mortgage
—
—
Old South Dev INC
—
Deed Of Trust
related
$50,000 · Trustmark 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.
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