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Property profile & analytics
OFF-MARKET
Turn key restaurants
8670 Us Hwy 98th W Miramar Beach, FL 32550-7251
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5107683
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,780 SF
Lot
0.88 ac (38,463 SF)
Zoning code
HWY 98
APN
26-2S-21-42000-001-0131
UPID
US18-5107683
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
Gba Commercial LLC · 1 yrs held
Gba Commercial LLC
since 2025
7 recorded transactions
Zoning & alternative use
HWY 98 · Miramar 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 Miramar Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miramar 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
$8,127
Tax year 2023
Assessed value
$1,133,878
Assessed 2023
Previous assessed
$872,037
+30.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$808,185
Assessed improvement
$325,693
Land market value
$808,185
Improvement market value
$325,693
Total market value
$1,133,878
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
4,780 SF
Lot
0.88 ac (38,463 SF)
Zoning code
HWY 98
APN
26-2S-21-42000-001-0131
UPID
US18-5107683
Jurisdiction
WALTON
Zoning & alternative use
HWY 98 · Miramar Beach, FLZoning HWY 98 · permitted uses
HWY 98 · Miramar 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
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Gba Commercial LLC
Entity
Mailing address
712 L AND A RD, METAIRIE, LA 70001-6278
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
—
Gba Commercial LLC
Eastside Plaza Properties LLC
Deed
—
Aug 26, 2020
—
Eastside Plaza Properties LLC
—
Deed
related
$12,174 · Investar Bk
Apr 5, 2013
$2,000,000
Eastside Plaza Properties LLC
Store Investment Corporation
Special Warranty Deed
$1,515,000 · Investar Bank
Jan 22, 2013
$1,815,100
Store Investments Corp
Concord Neighborhood Corp
Grant Deed
—
Jun 20, 2005
$1,913,700
Concord Neighborhood Corp
Aei R/e Fund Xviii
Warranty Deed
$1,700,000 · Pinnacle Bank
May 31, 2005
—
Concord Neighborhood Corp
Aei Real Est Fund Xviii
Warranty Deed
related
—
Oct 20, 1998
$58,300
Adamson Trust
Thomas W Adamson Family Ltd
Trustees Deed
related
—
Sep 22, 1997
$300,000
Stanley E Lacorie
Aei Real Estate Fund Xviii
Grant Deed
—
Sep 9, 1997
$242,000
Hoang/ho Trust
Aei Real Estate Fund Xviii Ltd
Grant Deed
—
Mar 24, 1997
$264,000
Adamson Flp
Aei Real Estate Fund Xviii
Grant Deed
—
Mar 11, 1997
$264,000
Thomas W Adamson Family LP
Aei Real Estate Fund Xviii LP
Grant Deed
—
—
—
Rmh Franchise Corp
—
Loan Modification
related
$33,000,000 · Bank Of America
—
—
Eastside Plaza Properties LLC
—
Loan Modification
related
$12,174 · Investar Bk
—
—
Concord Neighborhood Corp
—
Deed Of Trust
related
$42,400,000 · Bank Of America
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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