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Property profile & analytics
OFF-MARKET
Estimated value
$5,840,000
Warehouses
4617 Hwy 389 Lynn Haven, FL 32444
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4496008
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Construction
STEEL FRAME
Total area
54,000 SF
Lot
4.65 ac (202,685 SF)
Zoning code
BC15
APN
11533-000-000
UPID
US18-4496008
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
$6.30M
Comparable Approach
Comparable
$6.60M
Blend (final)
Blend
$5.84M
Owner & transaction history
Southern Self Storage Of Lynn Hav · 6 yrs held
Southern Self Storage Of Lynn Hav
since 2019
5 recorded transactions
Zoning & alternative use
BC15 · Lynn Haven, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.3M
+135.2%
Retail stores
$8.0M
+101.6%
Medical building
$7.9M
+98.7%
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 Lynn Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynn Haven 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%
$6,815,000
6.5%
$6,295,000
7%
$5,845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,965,000
Current use
COMMERCIAL (GENERAL)
$9,320,000
Change: +135% · Conversion: Difficult
RETAIL STORES
$7,990,000
Change: +102% · Conversion: Moderate
MEDICAL BUILDING
$7,875,000
Change: +99% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,215,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$5.84M
Range $5.26M – $6.42M · ±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
$108 / 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
$84,971
Tax year 2023
Assessed value
$5,611,394
Assessed 2023
Previous assessed
$5,611,394
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$581,625
Assessed improvement
$5,029,769
Land market value
$581,625
Improvement market value
$5,029,769
Total market value
$5,611,394
Applied tax rate
6.0000
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
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
354
Bathrooms
1
Total area
54,000 SF
Lot
4.65 ac (202,685 SF)
Zoning code
BC15
APN
11533-000-000
UPID
US18-4496008
Jurisdiction
BAY
Zoning & alternative use
BC15 · Lynn Haven, FL
Zoning BC15 · permitted uses
BC15 · Lynn Haven, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynn Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$9.3M
RETAIL STORES
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.9M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
354
Bathrooms
1
Lot
4.65 ac
Current owner
From public records · entity-resolved
Southern Self Storage Of Lynn Hav
Individual
Free & Clear · 6 yrs held
Mailing address
3835 PGA BLVD, PALM BEACH GARDENS, FL 33410-3004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2019
$975,000
Southern Self Storage Of Lynn Hav
Re Source LLC
Warranty Deed
—
Mar 8, 2019
—
R E Source LLC
Mowat,ronald W
Quit Claim Deed
related
—
Mar 8, 2019
$597,800
R E Source LLC
Mowat Donald D
Warranty Deed
—
Jun 25, 2018
—
Ronald L Downs
Mowat,ronald W
Warranty Deed
related
—
Jul 6, 2001
$250,000
Donal D Mowat
Draper Trust
Grant 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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