Santa Rosa County Property Appraiser
Greg S. Brown IICFA
| 16-1N-29-0000-02701-0000 |
| 3874 HIGHWAY 90, PACE, 32571 |
| OFFICES - MEDICAL (001952) |
| 16-1N-29 |
| PACE |
| 11.3781 |
| 2.298 |
| *DESCRIPTION UPDATED FOR 2022* BEG AT A POINT 254.2 FT W OF N E COR OF S2 OF LOT 4 SECTION 16 TOWNSHIP 1 NORTH RANGE 29 WEST THN CONT W 153.2 FT THN S 624 FT TO TH N R/W OF HWY 90 THN N62*07'E ALNG R/W 188.2 FT THN NLY 514.4 FT TO POB AS DES IN OR 4231 PG 1879 (SEE 858/725 SEE PG 727 FOR INFO ON VACATED RD) LESS ALL MINERAL RIGHTS SUBJ TO AMENDED & RESTATED CROSS ACCESS & SIGNAGE AGREEMENT @3604/461 |
| KRE HCRE 2 OWNER 2 LLC |
| C/O CORNER MANAGEMENT INC |
| 8902 N MERIDIAN ST |
| STE 205 |
| INDIANAPOLIS, IN 46260-5369 |
| 2024 Certified | 2025 Certified | 2026 Certified | |
|---|---|---|---|
| Building Value | $3,286,573 | $3,784,095 | $3,739,792 |
| Extra Feature Value | $137,585 | $125,710 | $125,710 |
| Land Value | $363,320 | $363,320 | $363,320 |
| Land Agricultural Value | $0 | $0 | $0 |
| Agricultural (Market) Value | $0 | $0 | $0 |
| Just (Market) Value | $3,787,478 | $4,273,125 | $4,228,822 |
| Co. Assessed Value | $3,316,031 | $3,647,634 | $4,012,397 |
| Exempt Value | $0 | $0 | $0 |
| Co. Taxable Value | $3,316,031 | $3,647,634 | $4,012,397 |
| Type | MEDICAL OFFICE |
|---|---|
| Total Area | 7488 |
| Heated Area | 7038 |
| Exterior Walls | WOOD FRAME STUCCO |
| Roof Cover | TIMBERLINE SHINGLE |
| Interior Walls | DRYWALL |
| Foundation | MONOLITHIC |
| Frame | WOOD FRAME |
| Floor | VINYL, CARPET |
| Heat Type | FORCED AIR DUCT |
| A/C Type | CENTRAL |
| Bathrooms | 4 |
| Bedrooms | 0 |
| Stories | 1 |
| Actual Year Built | 1988 |
| Effective Year Built | 2008 |
Current Traverse
Use: MEDICAL OFFICE (001952)
| Effective Rate | Replacement Cost |
|---|---|
| 179.678 | $1,288,830 |
| Normal | 16% |
|---|---|
| Economic | 0% |
| Functional | 0% |
| Special | 0% |
| Good | 84% |
| Replacement Cost New Less Depreciation (RCNLD) | $1,082,617 |
| Name | Actual | Effective | RCNLD |
|---|---|---|---|
| Totals | 0 | 0 | $0 |
| Type | MEDICAL OFFICE |
|---|---|
| Total Area | 16180 |
| Heated Area | 16180 |
| Exterior Walls | STUCCO - OVER BLOCK, BRICK |
| Roof Cover | TIMBERLINE SHINGLE |
| Interior Walls | DRYWALL |
| Foundation | BLOCK/MASONRY |
| Frame | REINFORCED CONCRETE |
| Floor | VINYL ASPHALT |
| Heat Type | FORCED AIR DUCT |
| A/C Type | CENTRAL |
| Bathrooms | 11 |
| Bedrooms | 0 |
| Stories | 2 |
| Actual Year Built | 2017 |
| Effective Year Built | 2017 |
Current Traverse
Use: MEDICAL OFFICE (001952)
| Effective Rate | Replacement Cost |
|---|---|
| 174.245 | $2,819,284 |
| Normal | 5.75% |
|---|---|
| Economic | 0% |
| Functional | 0% |
| Special | 0% |
| Good | 94.25% |
| Replacement Cost New Less Depreciation (RCNLD) | $2,657,175 |
| Name | Actual | Effective | RCNLD |
|---|---|---|---|
| Totals | 0 | 0 | $0 |
| Land Code | Description | Frontage | Depth | Unit Type | Land Units | Land Value |
|---|---|---|---|---|---|---|
| 001900 | PROFESSIONAL BUILDING | 188 | 05 | FF | 188.2 | $363,320 |
| Source | Code | Description |
|---|---|---|
| County | HCD | Highway Commercial Development |
| ASPHALT | 1 | 47500 SF | 2017 | $83,125 |
| CONCRETE | 1 | 2800 UT | 2017 | $7,700 |
| DUMPSTER | 1 | 1 UT | 2017 | $500 |
| ELEVATOR | 1 | 1 UT | 2017 | $25,000 |
| FENCE - WOOD 6 | 1 | 68 UT | 2017 | $884 |
| FLOOD LIGHTS | 1 | 9 UT | 2017 | $4,500 |
| LIGHT POLE | 1 | 8 UT | 2017 | $4,000 |
| SIGN | 1 | 1 UT | 2017 | $1 |
| Multi-Parcel | Sale Date | Sale Price | Instrument | Book / Page | Qualification | Sale Type | Grantor | Grantee |
|---|---|---|---|---|---|---|---|---|
| Y | 12/29/2021 | $8,274,714 | SW | 4231/18794231 / 1879 | Q | I | THE PANGAEA GROUP INC | KRE HCRE 2 OWNER 2 LLC |
| N | 12/01/2003 | $600,000 | WD | 2235/16792235 / 1679 | U | I | WYROSDICK CLIFTON CRAIG | PANGAEA GROUP INC (THE) |
| N | 12/01/2003 | $600,000 | WD | 2235/16772235 / 1677 | U | I | WILLIAMS WILLIAM E III | PANGAEA GROUP INC (THE) |
| N | 05/01/1994 | $430,000 | WD | 1420/1741420 / 174 | U | I | WILLIAMS WILLIAM E III & | |
| N | 01/01/1987 | $100 | QD | 863/767863 / 767 | U | V | ||
| N | 01/01/1987 | $100 | QD | 857/154857 / 154 | U | V | ||
| N | 12/01/1986 | $100 | QD | 851/68851 / 68 | U | V | ||
| N | 12/01/1986 | $100 | QD | 851/66851 / 66 | U | V | ||
| N | 11/01/1986 | $100 | WD | 847/465847 / 465 | U | V | ||
| N | 11/01/1986 | $80,000 | WD | 845/377845 / 377 | Q | V |