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Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Strip malls
4821 Us Hwy 98th W Santa Rosa Beach, FL 32459-8572
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4011896
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
FRAME
Total area
8,591 SF
Lot
0.89 ac (38,725 SF)
Zoning code
HWY 98
APN
33-2S-20-33260-033-0005
UPID
US18-4011896
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
$2.32M
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.36M
Owner & transaction history
Serve Sowal Properties LLC · 2 yrs held
Serve Sowal Properties LLC
since 2023
Last sale
$2.5M
6 recorded transactions
Zoning & alternative use
HWY 98 · Santa Rosa Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+466.7%
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 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
$2,195,000
ML approach
$2,315,000
CAP Approach
CAP Return
Estimation
6%
$2,180,000
6.5%
$2,015,000
7%
$1,870,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,530,000
Change: +467% · Conversion: Easy
Blend value · Realmo final
$2.36M
Range $2.12M – $2.59M · ±10% · vs last sale $2.45M (Dec 8 2023)
Last sale anchor
$2.45M
Dec 8 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
$274 / 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
$9,235
Tax year 2023
Assessed value
$1,122,055
Assessed 2023
Previous assessed
$1,016,030
+10.4% YoY
Effective rate
0.82%
On assessed value
Assessed land
$424,258
Assessed improvement
$697,797
Land market value
$424,258
Improvement market value
$697,797
Total market value
$1,122,055
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
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
12
Total area
8,591 SF
Lot
0.89 ac (38,725 SF)
Zoning code
HWY 98
APN
33-2S-20-33260-033-0005
UPID
US18-4011896
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
COMMERCIAL (GENERAL)
Est. value
$1.5M
COMMERCIAL (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
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
12
Lot
0.89 ac
Current owner
From public records · entity-resolved
Serve Sowal Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
IS 4747TH US 98, SANTA ROSA BEACH, FL 32459
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
$2,450,000
Serve Sowal Properties LLC
Gladwyn Consultants LLC
Warranty Deed
—
Sep 25, 2007
—
Gladwyn Consultantse LLC
Aquarian Dev II LLC
Warranty Deed
—
Sep 14, 2005
—
Aquarian Dev II LLC
—
Trustees Deed
related
$6,487,500 · Vision Bank Fsb
Jun 24, 2005
$2,800,000
Aquarian Dev II LLC
South Haven Townhomes LLC
Warranty Deed
$1,950,000 · Vision Bank Fsb
Nov 16, 2004
$1,900,000
South Haven Townhomes LLC
Aquarian Dev II LLC
Warranty Deed
—
Sep 22, 2004
$920,000
Aquarian Dev II LLC
Putnam,walter B & Theresa A
Warranty Deed
$895,000 · 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.
Try Rey
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