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Property profile & analytics
OFF-MARKET
Warehouses
506 1st St Port St Joe, FL 32456-1768
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2985755
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
FRAME
Total area
2,715 SF
Lot
0.12 ac (5,271 SF)
Zoning code
C1
APN
04694-050R
UPID
US18-2985755
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Scott Carter · 7 yrs held
Scott Carter
since 2019
5 recorded transactions
Zoning & alternative use
C1 · Port St Joe, 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 Port St Joe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port St Joe 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,631
Tax year 2023
Assessed value
$150,672
Assessed 2023
Previous assessed
$150,672
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$64,000
Assessed improvement
$86,672
Land market value
$64,000
Improvement market value
$86,672
Total market value
$150,672
Applied tax rate
5.0000
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
1973
Construction
FRAME
Heating
CONVECTION
Cooling
WINDOW A/C
Stories
1
Bathrooms
1
Total area
2,715 SF
Lot
0.12 ac (5,271 SF)
Zoning code
C1
APN
04694-050R
UPID
US18-2985755
Jurisdiction
GULF
Zoning & alternative use
C1 · Port St Joe, FLZoning C1 · permitted uses
C1 · Port St Joe, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1973
Construction
FRAME
Heating
CONVECTION
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Scott Carter
Individual
Mailing address
309 TREASURE DR, PORT ST JOE, FL 32456-7758
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
Aug 28, 2025
—
Scott Carter
—
Deed
related
$400,000 · Centennial Bank
Jun 6, 2019
$72,500
Scott Carter
Morning Glory Investments LLC
Warranty Deed
$58,000 · Morning Glory Investments LLC
Jun 3, 2016
$63,000
Morning Glory Investments LLC
Norton Family Investments LLC
Warranty Deed
$40,000 · Merrill & Rogene Molaison
Oct 23, 2014
$40,100
Norton Family Investments LLC
Shurrum,robert & Maria P
Grant Deed
$30,000 · Charles A & Tanya M Costin
—
—
Robert Shurrum JR.
—
Deed Of Trust
related
$136,000 · Prosperity 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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