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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Warehouses
9986 State Hwy 20th W Freeport, FL 32439-2128
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5378339
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
21,525 SF
Lot
23.5 ac (1,023,660 SF)
APN
19-1S-20-32000-024-0000
UPID
US18-5378339
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
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Riviera Commerce Aprk Fpt LLC · 6 yrs held
Riviera Commerce Aprk Fpt LLC
since 2020
Last sale
$450,000
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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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
$725,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $450k (Feb 5 2020)
Last sale anchor
$450k
Feb 5 2020
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
$30 / 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
$6,362
Tax year 2023
Assessed value
$926,923
Assessed 2023
Previous assessed
$615,379
+50.6% YoY
Effective rate
0.69%
On assessed value
Assessed land
$561,594
Assessed improvement
$365,329
Land market value
$561,594
Improvement market value
$365,329
Total market value
$926,923
Applied tax rate
8.0000
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
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
12
Bathrooms
6
Total area
21,525 SF
Lot
23.5 ac (1,023,660 SF)
APN
19-1S-20-32000-024-0000
UPID
US18-5378339
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
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
12
Bathrooms
6
Lot
23.5 ac
Current owner
From public records · entity-resolved
Riviera Commerce Aprk Fpt LLC
Entity
Mailing address
755 GRAND BLVD STE 105B, MIRAMAR BEACH, FL 32550-1839
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 20, 2021
—
Riviera Commerce Park Fpt LLC
—
Deed
related
$1,500,000 · Innovative Capital Advisors LLC
Jun 25, 2020
—
Riviera Commerce Park-fpt LLC
—
Deed
related
$680,000 · Florida Firstbank
Feb 5, 2020
$450,000
Riviera Commerce Aprk Fpt LLC
W&h Investments
Warranty Deed
$600,000 · The First A National Banking Assn
Jan 31, 2011
—
W Investments
Freeport Choctaw Beach LLC
Deed In Lieu Of Foreclosure
—
Oct 28, 2004
$945,000
Freeport Choctaw Beach LLC
S & B Real Estate Holdings INC
Warranty Deed
$807,500 · First Commercial Bank
Jan 2, 2002
$472,500
S & B Real Estate Holdings INC
Moxy Trucks Of America INC
Grant Deed
related
$425,000 · Regions Bank
—
—
Riviera Commerce Park-fpt LLC
—
Loan Modification
related
$680,000 · Florida Firstbank
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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