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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Industrial properties
987 Industrial Dr Chipley, FL 32428-6314
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-1918435
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
1978
Total area
23,988 SF
Lot
5.72 ac (249,163 SF)
APN
22590001
UPID
US18-1918435
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
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Terrell Magee · 7 yrs held
Terrell Magee
since 2018
7 recorded transactions
Zoning & alternative use
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 Chipley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chipley 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
by Request
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$23 / 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
$14,595
Tax year 2023
Assessed value
$706,780
Assessed 2023
Previous assessed
$705,064
+0.2% YoY
Effective rate
2.06%
On assessed value
Assessed land
$37,180
Assessed improvement
$669,600
Land market value
$37,180
Improvement market value
$669,600
Total market value
$706,780
Applied tax rate
2.0000
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
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
23,988 SF
Lot
5.72 ac (249,163 SF)
APN
22590001
UPID
US18-1918435
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
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
1978
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
5.72 ac
Current owner
From public records · entity-resolved
Terrell Magee
Individual
Mailing address
PO BOX 16135, PANAMA CITY, FL 32406-6135
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
—
Terrell Magee
—
Deed
related
$648,346 · Servisfirst Bk
Nov 8, 2018
$550,000
Terrell Magee
Servisfirst Bank
Special Warranty Deed
$467,500 · Servisfirst Bank
Jan 9, 2018
—
Servisfirst Bk
Clark,james A Coc
Trustees Deed
related
—
Dec 16, 2011
—
James A Clark
Owens,carl
Quit Claim Deed
related
—
Dec 7, 2011
—
James A Clark
Napier,christine
Quit Claim Deed
related
—
Nov 28, 2011
—
James A Clark
Rgs LLC
Grant Deed
related
—
Jul 24, 2009
$440,000
Clark,james A
Sutton,ron G
Warranty Deed
$370,000 · Ron G Sutton
Jun 6, 2006
$215,000
Rgs LLC
Barrett Charles N Trust
Grant Deed
—
—
—
Terrell Magee
—
Loan Modification
related
$648,346 · Servisfirst Bk
—
—
James A Clark
—
Deed Of Trust
related
$1,000,000 · Servisfirst 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.
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