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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Warehouses
4399 Gulf Breeze Pkwy Gulf Breeze, FL 32563-9124
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2430988
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
6,800 SF
Lot
0.46 ac (20,137 SF)
Zoning code
HCD
APN
27-2S-28-4720-00D00-0010
UPID
US18-2430988
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
$555k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$438k
Blend (final)
Blend
$590k
Owner & transaction history
Erat LLC · 4 yrs held
Erat LLC
since 2022
Last sale
$705,000
3 recorded transactions
Zoning & alternative use
HCD · Gulf Breeze, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$890,000
+35.9%
Office building
$730,000
+11.2%
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 Gulf Breeze submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Breeze 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
$525,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$655,000
Current use
COMMERCIAL (GENERAL)
$890,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$730,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $705k (Jun 8 2022)
Last sale anchor
$705k
Jun 8 2022
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
$87 / 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
$4,966
Tax year 2023
Assessed value
$353,522
Assessed 2023
Previous assessed
$105,426
+235.3% YoY
Effective rate
1.40%
On assessed value
Assessed land
$124,594
Assessed improvement
$228,928
Land market value
$124,594
Improvement market value
$228,928
Total market value
$353,522
Applied tax rate
14.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
6,800 SF
Lot
0.46 ac (20,137 SF)
Zoning code
HCD
APN
27-2S-28-4720-00D00-0010
UPID
US18-2430988
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Gulf Breeze, FLZoning HCD · permitted uses
HCD · Gulf Breeze, FL
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
WAREHOUSE, STORAGE Current
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$890,000
OFFICE BUILDING
Est. value
$730,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Erat LLC
Entity
Mailing address
3989 W MADURA RD, GULF BREEZE, FL 32563-3561
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
$705,000
Erat LLC
Oz Electrical LLC
Warranty Deed
$505,000 · Synovus Bank
Dec 31, 2018
$70,000
Oz Electrical LLC
English,geraldine A
Grant Deed
related
—
Feb 21, 1997
—
English Trust
English,geraldine A
Quit Claim Deed
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.
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