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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Warehouses
6439 Hwy 77 Southport, FL 32409-1561
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5110557
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
WOOD
Total area
1,584 SF
Lot
4.17 ac (181,819 SF)
Zoning code
BC05
APN
08523-000-000
UPID
US18-5110557
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Makaira Construction Group LLC · 2 yrs held
Makaira Construction Group LLC
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
BC05 · Southport, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$760,000
+515.5%
Office building
$340,000
+173.8%
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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$760,000
Change: +516% · Conversion: Easy
OFFICE BUILDING
$340,000
Change: +174% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Jun 7 2024)
Last sale anchor
$550k
Jun 7 2024
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
$347 / 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
$2,895
Tax year 2023
Assessed value
$215,172
Assessed 2023
Previous assessed
$215,172
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$137,174
Assessed improvement
$77,998
Land market value
$137,174
Improvement market value
$77,998
Total market value
$215,172
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
1,584 SF
Lot
4.17 ac (181,819 SF)
Zoning code
BC05
APN
08523-000-000
UPID
US18-5110557
Jurisdiction
BAY
Zoning & alternative use
BC05 · Southport, FLZoning BC05 · permitted uses
BC05 · Southport, FL
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
AUTO REPAIR, GARAGE
Est. value
$760,000
OFFICE BUILDING
Est. value
$340,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
4.17 ac
Current owner
From public records · entity-resolved
Makaira Construction Group LLC
Entity
Mailing address
1719 MARTIN LUTHER KING JR BLVD, PANAMA CITY, FL 32405-5431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
$550,000
Makaira Construction Group LLC
Byrd Family Properties LLC
Warranty Deed
$450,000 · Byrd Family Properties LLC
Feb 28, 2023
—
Byrd Family Properties LLC
Byrd Enterprise & Land Development
Quit Claim Deed
related
—
Mar 28, 2017
$40,000
Byrd Ents & Land Dev Omc
Chiodo,anthony P JR & Kristi
Warranty Deed
—
Jan 4, 2017
$40,000
Anthony P Chiodo JR
Carr,george H
Warranty Deed
—
Sep 22, 2015
—
Carol C Creel
Carr,george H
Quit Claim Deed
related
—
Jul 22, 2011
—
George H Carr
Carr,george E
Quit Claim Deed
related
—
Feb 4, 2008
—
Carr George E Trust
Carr,george E
Quit Claim Deed
—
Jul 9, 2003
—
Department Of Transportation
Carr,george E
Grant Deed
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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