Santa Rosa County Property Appraiser
Greg S. Brown IICFA
| 12-1N-29-0000-01301-0000 |
| 5070 HIGHWAY 90, PACE, 32571 |
| RETAIL - MULTI-TENANT (001611) |
| 12-1N-29 |
| PACE |
| 11.3781 |
| 4.054 |
| BEG E 627 FT & 100 FT N OF SW COR SEC FOR POB TH N 422 FT E 210 FT S 422 FT W ALONG N R/ W LI HW 90 FOR 210 FT TO POB ALG & TOGETHER WITH THE FOLL: COMM AT SW COR TH N 518.48 FT TH S 89* E 400 FT TH N 3.52 FT TH S 89* E 227.51 FT TO POB TH CONT S 89* E 591.50 FT TH S 422 FT TH N 89* W 240 FT TH N 210 FT TH N 89* W 351.50 FT TH N 212 FT TO POB AS DES I N OR 1387 PG 16 LESS THE FOLLOWING DESCRIBE PROPERTY: COM SW COR TH N 100 FT TH S 89* E 627.50 FT TH N 2 10 FT TO POB TH CONT N 212 FT TH S 89* E 210 FT TH S 212 FT TH N 89* W 351.50 FT TH N 212 FT TO POB LESS OR 1097 PG 523 AS DES IN OR 4784 PG 1817 |
| 5070 HWY 90 LLC & |
| PACE RETAIL INVESTMENTS LLC |
| 909 MAR WALT DR |
| STE 1014 |
| FORT WALTON BEACH, FL 32547-6757 |
| 2024 Certified | 2025 Certified | 2026 Certified | |
|---|---|---|---|
| Building Value | $1,165,130 | $1,394,874 | $1,354,921 |
| Extra Feature Value | $131,393 | $131,393 | $131,393 |
| Land Value | $1,194,000 | $1,194,000 | $1,194,000 |
| Land Agricultural Value | $0 | $0 | $0 |
| Agricultural (Market) Value | $0 | $0 | $0 |
| Just (Market) Value | $2,490,523 | $2,720,267 | $2,680,314 |
| Co. Assessed Value | $2,490,523 | $2,720,267 | $2,680,314 |
| Exempt Value | $0 | $0 | $0 |
| Co. Taxable Value | $2,490,523 | $2,720,267 | $2,680,314 |
| Type | MULTI-TENANT RETAIL |
|---|---|
| Total Area | 13075 |
| Heated Area | 12050 |
| Exterior Walls | WOOD FRAME STUCCO, MODULAR METAL |
| Roof Cover | MODULAR METAL |
| Interior Walls | DRYWALL |
| Foundation | MONOLITHIC |
| Frame | STEEL |
| Floor | CLAY/CERAMIC TILE, CARPET |
| Heat Type | FORCED AIR DUCT |
| A/C Type | CENTRAL |
| Bathrooms | 8 |
| Bedrooms | 0 |
| Stories | 1 |
| Actual Year Built | 2003 |
| Effective Year Built | 2003 |
Current Traverse
Use: MULTI-TENANT RETAIL (001611)
| Effective Rate | Replacement Cost |
|---|---|
| 85.438 | $1,172,295 |
| Normal | 33% |
|---|---|
| Economic | 0% |
| Functional | 0% |
| Special | 0% |
| Good | 67% |
| Replacement Cost New Less Depreciation (RCNLD) | $785,437 |
| Name | Actual | Effective | RCNLD |
|---|---|---|---|
| Totals | 0 | 0 | $0 |
| Type | GYM/FITNESS CENTER |
|---|---|
| Total Area | 10206 |
| Heated Area | 9196 |
| Exterior Walls | WOOD FRAME STUCCO, MODULAR METAL |
| Roof Cover | MODULAR METAL |
| Interior Walls | DRYWALL |
| Foundation | MONOLITHIC |
| Frame | STEEL |
| Floor | VINYL ASPHALT |
| Heat Type | FORCED AIR DUCT |
| A/C Type | CENTRAL |
| Bathrooms | 2 |
| Bedrooms | 0 |
| Stories | 1 |
| Actual Year Built | 2004 |
| Effective Year Built | 2004 |
Current Traverse
Use: GYM/FITNESS CENTER (003435)
| Effective Rate | Replacement Cost |
|---|---|
| 86.887 | $825,340 |
| Normal | 31% |
|---|---|
| Economic | 0% |
| Functional | 0% |
| Special | 0% |
| Good | 69% |
| Replacement Cost New Less Depreciation (RCNLD) | $569,484 |
| Name | Actual | Effective | RCNLD |
|---|---|---|---|
| Totals | 0 | 0 | $0 |
| Land Code | Description | Frontage | Depth | Unit Type | Land Units | Land Value |
|---|---|---|---|---|---|---|
| 001600 | SHOPPING CENTER - COMMUNITY | 600 | SF | 126000 | $630,000 | |
| 001600 | SHOPPING CENTER - COMMUNITY | 240 | 05 | FF | 240 | $564,000 |
| Source | Code | Description |
|---|---|---|
| County | HCD | Highway Commercial Development |
| ASPHALT | 1 | 35466 SF | 2004 | $44,333 |
| ASPHALT | 1 | 52848 SF | 2003 | $66,060 |
| FENCE - COMMERCIAL | 1 | 1 UT | 2004 | $1,000 |
| FENCE - COMMERCIAL | 1 | 1 UT | 2003 | $2,000 |
| FLOOD LIGHTS | 1 | 8 UT | 2004 | $4,000 |
| FLOOD LIGHTS | 1 | 8 UT | 2003 | $4,000 |
| LIGHT POLE | 1 | 5 UT | 2004 | $2,500 |
| LIGHT POLE | 1 | 4 UT | 2003 | $2,000 |
| SIGN | 1 | 1 UT | 2016 | $2,500 |
| SIGN | 1 | 1 UT | 2003 | $3,000 |
| Multi-Parcel | Sale Date | Sale Price | Instrument | Book / Page | Qualification | Sale Type | Grantor | Grantee |
|---|---|---|---|---|---|---|---|---|
| N | 09/01/2026 | $3,150,000 | WD | 4784/18174784 / 1817 | Q | I | FAMILY CENTERS LLC | 5070 HWY 90 LLC & PACE RETAIL INVESTMENTS LLC |
| N | 03/31/2003 | $650,000 | WD | 2127/662127 / 66 | Q | V | PITTMAN DENNIS WAYNE & LEILA L | FAMILY CENTERS LLC |
| N | 03/01/1996 | $25,000 | WD | 1525/4661525 / 466 | U | I | PITTMAN WAYNE D & LEILA | |
| N | 03/01/1993 | $100 | PR | 1409/7391409 / 739 | U | I |