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Property profile & analytics
FOR SALE
Warehouses
625 15Th St Mexico Beach, FL 32456
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0082722
For Sale
1 / 3
Contact for pricing
625 15Th St, Mexico Beach, FL 32456
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Construction
STEEL FRAME
Total area
13,500 SF
Lot
2.8 ac (121,968 SF)
Zoning code
MB03
APN
04174-010-000
UPID
US18-0082722
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
$1.49M
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
Gold Pups LLC · 5 yrs held
Gold Pups LLC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
MB03 · Mexico Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
2.01.00 ZONING DISTRICTS
Top alternative use upside
Commercial (general)
$2.1M
+110.0%
Medical building
$2.0M
+98.7%
Industrial (general)
$1.1M
+6.4%
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 Mexico Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mexico 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
$1,460,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
$2,025,000
6.5%
$1,870,000
7%
$1,735,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$990,000
Current use
COMMERCIAL (GENERAL)
$2,080,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$1,970,000
Change: +99% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,055,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.40M (Aug 12 2020)
Last sale anchor
$1.40M
Aug 12 2020
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
$12,111
Tax year 2023
Assessed value
$706,487
Assessed 2023
Previous assessed
$1,203,894
-41.3% YoY
Effective rate
1.71%
On assessed value
Assessed land
$420,000
Assessed improvement
$286,487
Land market value
$420,000
Improvement market value
$286,487
Total market value
$706,487
Applied tax rate
8.0000
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
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
82
Rooms
86
Total area
13,500 SF
Lot
2.8 ac (121,968 SF)
Zoning code
MB03
APN
04174-010-000
UPID
US18-0082722
Jurisdiction
BAY
Zoning & alternative use
MB03 · Mexico Beach, FLZoning MB03 · permitted uses
MB03 · Mexico Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2.01.00 ZONING DISTRICTS
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$990,000
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
INDUSTRIAL (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
1998
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
82
Rooms
86
Lot
2.8 ac
Current owner
From public records · entity-resolved
Gold Pups LLC
Entity
Mailing address
3566 OLIVET CHURCH RD, PADUCAH, KY 42001-9618
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2020
$1,400,000
Gold Pups LLC
Gae INC
Warranty Deed
$1,400,000 · Firstbank
Jan 13, 2020
—
Gae INC
—
Deed
related
$938,174 · Colony Bk
May 21, 2019
—
Gae INC
—
Deed
related
$263,300 · United States Small Business Admin
Sep 21, 2004
$2,000,000
Gae INC
Jerry R Cozart
Warranty Deed
$1,600,000 · Colony Bk
Mar 9, 2001
—
Jerry R Cozart
—
Trustees Deed
related
$290,000 · The Bank
—
—
Gae INC
—
Loan Modification
related
$938,174 · Colony Bk
—
—
Gae INC
—
Deed Of Trust
related
$2,069,949 · Colony 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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