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    Property profile & analytics

    5851 Us Hwy 98th W Miramar Beach, FL 32550

    • Assisted living facilities
    • 39,401 SF
    • 2.30 lot acres
    OFF-MARKET
    Value Estimation
    $10,770,000
    Last Sale
    Apr 11, 2022
    $11,208,859
    Location Intelligence
    Property ID
    US18-6021437
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 5851 Us Hwy 98th W

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.30 lot acres
    Property size
    39,401 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    25-2S-21-42000-050-0020
    APU
    252S21420000500020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $10,740,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,525,000
      6.5%
      $10,750,000
      7%
      $10,205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,725,000
      Geo Method
      $10,445,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,810,000
      Retail
      $9,270,000
      Mixed-Use
      $9,995,000
      Hospitality
      $11,495,000
      Educational
      $11,295,000
      Residential Income
      $12,030,000
      Energy
      $9,775,000
      Income-Based Land
      $11,205,000
      Food Service
      $10,370,000

    Location Insight

    • Map
    • Local Demand
    City
    Miramar Beach
    County
    Walton
    State
    Florida
    Longitude
    -86.3094
    Latitude
    30.3792
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,594
    $545,924
    $1,650,957
    $2,196,881
    -
    $545,924
    $1,650,957
    $2,196,881

    Comparable in this City

    • Value Estimation by Request
      83,770 SF

      2400 Crystal Cv Ln

      HOMES (RETIRED, NURSING) • 83,770 SF
      2400 Crystal Cv Ln, Miramar Beach, FL 32550-4872
      View Details
    • Value Estimation by Request
      4,780 SF

      8670 Us-98

      Restaurants • 4,780 SF
      8670 Us-98, Miramar Beach, FL 32550
      View Details
    • Value Estimation by Request
      4,842 SF

      1200 Scenic Gulf Dr Unit B Miramar Bch

      Individual retail properties • 4,842 SF
      1200 Scenic Gulf Dr Unit B Miramar Bch, Miramar Beach, FL 32550
      View Details
    • Value Estimation by Request
      1.63 Acres

      Us Hwy 98

      HOTEL • 1.63 Acres
      Us Hwy 98, Miramar Beach, FL 32550
      View Details
    • Value Estimation by Request
      2.70 Acres

      Miramar Beach, FL 32550

      VACANT COMMERCIAL LAND • 2.70 Acres
      Miramar Beach, FL 32550
      View Details
    • Value Estimation by Request
      18.64 Acres

      Miramar Beach, FL 32550

      VACANT COMMERCIAL LAND • 18.64 Acres
      Miramar Beach, FL 32550
      View Details

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    Similar Nearby for Lease

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      Second generation restaurant commissary space, ideal as a catering kitchen.
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      Miramar Beach Office Space For Lease

      Prime Destin office, 300 sq ft, full-service lease.
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      View Details
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    Miramar Beach, FL 32550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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