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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
5005 Sterling Way Milton, FL 32571-2758
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3845317
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
STEEL FRAME
Total area
4,624 SF
Zoning code
M2
APN
35-1N-29-0000-02502-BLDG
UPID
US18-3845317
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
-
Sterling Fibers Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$676k
Blend (final)
Blend
$620k
Owner & transaction history
Santa Rosa Energy Center LLC · 15 yrs held
Santa Rosa Energy Center LLC
since 2010
3 recorded transactions
Zoning & alternative use
M2 · Milton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Unified Development Code PDF
Top alternative use upside
Medical building
$785,000
+34.3%
Warehouse, storage
$740,000
+27.0%
Commercial (general)
$615,000
+5.7%
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$585,000
Current use
MEDICAL BUILDING
$785,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$740,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$134 / 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
$5,820
Tax year 2023
Assessed value
$503,923
Assessed 2023
Previous assessed
$412,582
+22.1% YoY
Effective rate
1.15%
On assessed value
Assessed improvement
$503,923
Improvement market value
$503,923
Total market value
$503,923
Applied tax rate
11.0000
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Rooms
9
Bathrooms
6
Total area
4,624 SF
Zoning code
M2
APN
35-1N-29-0000-02502-BLDG
UPID
US18-3845317
Jurisdiction
SANTA ROSA
Zoning & alternative use
M2 · Milton, FLZoning M2 · permitted uses
M2 · Milton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Unified Development Code PDF
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$585,000
MEDICAL BUILDING
Est. value
$785,000
WAREHOUSE, STORAGE
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$615,000
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Rooms
9
Bathrooms
6
Current owner
From public records · entity-resolved
Santa Rosa Energy Center LLC
Entity
Mailing address
1 TOWER CTR BLVD, E BRUNSWICK, NJ 08816-1145
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Oct 27, 2010
—
Santa Rosa Energy Center LLC
—
Deed Of Trust
related
$2,000,000,000 · Goldman Sachs Credit Ptrs LP
—
—
Santa Rosa Energy Center LLC
—
Deed Of Trust
related
—
—
—
Santa Rosa Energy Center LLC
—
Deed Of Trust
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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