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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Warehouses
Joe Dugger Rd Freeport, FL 32439
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7583697
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
1,968 SF
Lot
40.13 ac (1,748,063 SF)
APN
18-1S-18-14000-001-0020
UPID
US18-7583697
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
$1.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.52M
Owner & transaction history
Steven John Burnett · 2 yrs held
Steven John Burnett
since 2023
Last sale
$1.5M
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
$1,570,000
ML approach
$1,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10% · vs last sale $1.50M (Dec 26 2023)
Last sale anchor
$1.50M
Dec 26 2023
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
$772 / 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
$1,467
Tax year 2023
Assessed value
$189,329
Assessed 2023
Previous assessed
$153,985
+23.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$166,861
Assessed improvement
$22,468
Land market value
$166,861
Improvement market value
$22,468
Total market value
$189,329
Applied tax rate
5.0000
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
2005
Heating
CONVECTION
Cooling
NONE
Stories
1
Total area
1,968 SF
Lot
40.13 ac (1,748,063 SF)
APN
18-1S-18-14000-001-0020
UPID
US18-7583697
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
2005
Heating
CONVECTION
Cooling
Yes
Stories
1
Lot
40.13 ac
Current owner
From public records · entity-resolved
Steven John Burnett
Individual
Free & Clear · 2 yrs held
Mailing address
16 SANDESTIN ESTS DR, MIRAMAR BEACH, FL 32550-4553
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2023
$1,500,000
Steven John Burnett
Alfred F Sanders
Special Warranty Deed
—
Jul 8, 2020
$275,000
Alfred F Sanders
Azland I LLC
Correction Deed
related
—
Jun 19, 2020
$275,000
Alfred F Sanders
Azland I LLC
Warranty Deed
—
Jan 17, 2017
—
Azland LLC
Hicks,thomas J
Grant Deed
related
—
Aug 29, 2013
—
Azland I LLC
R & B Const Of Northwest Coc
Trustees Deed
related
—
Oct 29, 2004
$3,000,000
R & B Const Of Northwest Fl INC
Sweeney,carson & Catherine
Warranty Deed
$2,060,000 · Destin Bank
Jan 7, 2004
$141,900
Jeffrey J Kane
Sweeney,carson & Catherine
Grant Deed
$266,000 · Republic Bank
Jan 4, 2000
$103,000
Carson Sweeney
Yi,john S & Sun K
Grant Deed
$75,000 · Peoples National Bank Nicevill
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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