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Property profile & analytics
OFF-MARKET
Commercial land
6789 Us Hwy 98th W Santa Rosa Beach, FL 32459-3256
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-6995467
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
2.33 ac (101,408 SF)
Zoning code
HWY 98
APN
31-2S-20-33240-000-0330
UPID
US18-6995467
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
Santarosa Beach Hotels LLC · 3 yrs held
Santarosa Beach Hotels LLC
since 2022
7 recorded transactions
Zoning & alternative use
HWY 98 · Santa Rosa Beach, 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 Santa Rosa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Rosa 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
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
$8,075
Tax year 2023
Assessed value
$888,711
Assessed 2023
Previous assessed
$986,469
-9.9% YoY
Effective rate
0.91%
On assessed value
Assessed land
$888,711
Land market value
$888,711
Total market value
$888,711
Applied tax rate
7.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
2.33 ac (101,408 SF)
Zoning code
HWY 98
APN
31-2S-20-33240-000-0330
UPID
US18-6995467
Jurisdiction
WALTON
Zoning & alternative use
HWY 98 · Santa Rosa Beach, FLZoning HWY 98 · permitted uses
HWY 98 · Santa Rosa Beach, 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
Heating
NONE
Lot
2.33 ac
Current owner
From public records · entity-resolved
Santarosa Beach Hotels LLC
Entity
Mailing address
723 WOODS DR, NICEVILLE, FL 32578-3420
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
—
Santarosa Beach Hotels LLC
Santarosa Beach Hotels LLC
Deed
related
$11,837,000 · Citizens National Bank
Jun 28, 2021
$1,325,000
Santarosa Beach Hotels LLC
United Fidelity Bank Fsb
Special Warranty Deed
—
Dec 28, 2020
—
United Fidelity Bk Fsb
First City Holdings LLC
Warranty Deed
related
—
Mar 15, 2010
—
First Cty Bk Of Fl
Portofino Dev Ents LLC Coc
Trustees Deed
related
—
Apr 26, 2007
—
Portofino Dev Ents LLC
Portofino Partners INC
Quit Claim Deed
related
—
Apr 15, 2002
$825,000
Destin Radiation Ent LLC
Portofino Development Ent LLC
Grant Deed
$676,000 · Colonial Bank
Apr 4, 2002
$400,000
Charles W Clary
Portofino Development Enterpri
Grant Deed
$195,000 · First National Bank & Trust Co
Jan 9, 1997
$125,000
Robert E Lee
New Homes Of Destin INC
Grant Deed
—
Jan 6, 1997
—
New Homes Of Destin INC
Builders Showcase INC
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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