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Property profile & analytics
OFF-MARKET
Estimated value
$15,940,000
Manufacturing properties
6051 Venture Crossings Blvd, Southport, FL 32409-1165
Individually Owned
9-yr Hold
Free & Clear
Property ID
US18-7950028
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
2018
Construction
CONCRETE
Total area
150,459 SF
Lot
10 ac (435,600 SF)
APN
32433-150-200
UPID
US18-7950028
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
$15.25M
Comparable Approach
Comparable
$19.21M
Blend (final)
Blend
$15.94M
Owner & transaction history
St Joe Venturecrossings Leasin · 9 yrs held
St Joe Venturecrossings Leasin
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.5M
+90.1%
Retail stores
$21.6M
+83.1%
Medical building
$17.9M
+51.2%
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 Southport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southport 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%
$16,520,000
6.5%
$15,250,000
7%
$14,160,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,815,000
Current use
COMMERCIAL (GENERAL)
$22,455,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$21,635,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$17,860,000
Change: +51% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,735,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$15.94M
Range $14.35M – $17.53M · ±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
$106 / 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
$74,378
Tax year 2023
Assessed value
$12,473,804
Assessed 2023
Previous assessed
$12,473,804
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$850,000
Assessed improvement
$11,623,804
Land market value
$850,000
Improvement market value
$11,623,804
Total market value
$12,473,804
Applied tax rate
55.0000
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.CHILLED WATER
Rooms
31
Total area
150,459 SF
Lot
10 ac (435,600 SF)
APN
32433-150-200
UPID
US18-7950028
Jurisdiction
BAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.8M
COMMERCIAL (GENERAL)
Est. value
$22.5M
RETAIL STORES
Est. value
$21.6M
MEDICAL BUILDING
Est. value
$17.9M
WAREHOUSE, STORAGE
Est. value
$11.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2018
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Rooms
31
Lot
10 ac
Current owner
From public records · entity-resolved
St Joe Venturecrossings Leasin
Individual
Free & Clear · 9 yrs held
Mailing address
130 N RICHARD JACKSON BLVD, PANAMA CITY BEACH, FL 32407-2668
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2017
—
St Joe Venturecrossings Leasin
St Joe Timberland Co Of Delaware
Quit Claim 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.
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