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Property profile & analytics
OFF-MARKET
Hotels
Us Hwy 98, Miramar Beach, FL 32550
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7018282
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Lot
0.38 ac (16,422 SF)
Zoning code
HWY 98
APN
30-2S-21-42000-001-0000
UPID
US18-7018282
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
Mayur Patel · 11 yrs held
Mayur Patel
since 2015
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
$1,538
Tax year 2023
Assessed value
$336,715
Assessed 2023
Previous assessed
$336,715
+0.0% YoY
Effective rate
0.46%
On assessed value
Assessed land
$336,715
Land market value
$336,715
Total market value
$336,715
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
Hotels
Use group
HOTEL
Status
Off-Market
Heating
NONE
Lot
0.38 ac (16,422 SF)
Zoning code
HWY 98
APN
30-2S-21-42000-001-0000
UPID
US18-7018282
Jurisdiction
WALTON
Zoning & alternative use
HWY 98 · Miramar Beach, FL
Zoning 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
Miramar Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.38 ac
Current owner
From public records · entity-resolved
Mayur Patel
Individual
Free & Clear · 11 yrs held
Mailing address
203 MIRACLE STRIP PKWY SW, FORT WALTON BEACH, FL 32548-6616
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Jun 28, 2018
—
Emerald Hospitality LLC
—
Grant Deed
related
$5,000,000 · Ameris Bk
Mar 30, 2015
$100,000
Mayur Patel
Investments Unlimited
Warranty Deed
—
Aug 30, 2004
$174,500
Jerald E Andrews
Investments Unlimited INC
Warranty Deed
—
Apr 11, 2001
—
Miramar Development LLC
—
Grant Deed
related
$1,400,000 · Vanguard Bank & Trust Co
Jan 17, 2001
$434,400
Miramar Developments LLC
York,bennett V
Quit Claim Deed
related
—
Aug 9, 2000
$111,000
Bennett V York
Investments Unlimited INC
Grant Deed
$434,350 · Vanguard Bank & Trust Co
Apr 3, 2000
—
J J C Andrews Investment INC
Andrews,jerald E & Joan E
Quit Claim Deed
related
—
Jul 22, 1997
$49,500
Kelvin Davidson
Investments Unlimited INC
Grant Deed
$33,000 · Seller
Oct 23, 1996
—
Jerry L Wallace
George M Perry Trust
Quit Claim Deed
related
—
Jul 22, 1996
$41,300
Jerry L Wallace
Investments Unlimited INC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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