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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Warehouses
727 Serenoa Rd Santa Rosa Beach, FL 32459-5021
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7180211
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2015
Construction
FRAME
Total area
7,118 SF
Lot
1.05 ac (45,738 SF)
APN
05-3S-18-16010-000-0140
UPID
US18-7180211
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
Current use
Occupant on record · Public records
-
Royal Destinations Vacation Rental Real Estate Agency
-
Drifthouse Design Hardware & Home Improvement Furniture & Home Goods
-
Spring Run Media Media Distribution
-
Summer Kitchen Provisions Warehouse & Storage
-
Graceful Rebel HQ Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.31M
Owner & transaction history
727 Serenoa LLC · 5 yrs held
727 Serenoa LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+151.1%
Retail stores
$1.1M
+30.6%
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
Method
Estimation
Statistic approach
$1,390,000
ML approach
$1,330,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$885,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$845,000
Current use
RESTAURANT
$2,115,000
Change: +151% · Conversion: Difficult
RETAIL STORES
$1,100,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10% · vs last sale $1.80M (Mar 3 2021)
Last sale anchor
$1.80M
Mar 3 2021
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
$183 / 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
$15,968
Tax year 2023
Assessed value
$1,903,265
Assessed 2023
Previous assessed
$1,563,224
+21.8% YoY
Effective rate
0.84%
On assessed value
Assessed land
$343,035
Assessed improvement
$1,560,230
Land market value
$343,035
Improvement market value
$1,560,230
Total market value
$1,903,265
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
8
Total area
7,118 SF
Lot
1.05 ac (45,738 SF)
APN
05-3S-18-16010-000-0140
UPID
US18-7180211
Jurisdiction
WALTON
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
WAREHOUSE, STORAGE Current
Est. value
$845,000
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
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
2015
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
8
Lot
1.05 ac
Current owner
From public records · entity-resolved
727 Serenoa LLC
Entity
Mailing address
701 SERENOA RD #5, SANTA ROSA BEACH, FL 32459-5020
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 3, 2021
$1,800,000
727 Serenoa LLC
Commerence Park Flex Space LLC
Warranty Deed
$1,440,000 · Progress Bank & Trust
Feb 26, 2014
$78,750
Commerce Park Flex Space LLC
St Joe Timberland Co
Grant Deed
—
Apr 5, 2013
$38,000
St Joe Timberland Co
Whitney Natl Bk
Grant Deed
—
Jan 18, 2011
—
Whitney Natl Bk
Bayview Holdings Coc
Trustees Deed
related
—
May 31, 2006
—
Bayview Holdings Of Destin LLC
—
Trustees Deed
related
$1,440,000 · Whitney National Bank
May 23, 2006
$357,000
Bayview Holdings Of Destin LLC
St Joe Timberland Co Of De LLC
Grant Deed
—
—
—
Commerce Park Flex Space LLC
—
Deed Of Trust
related
$520,000 · Coastal Bk&tr
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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