If you were to value this investment, you would have to base it on a forecast and discount it for the risk associated with hitting the forecast. 

All the growth with new restaurants and stores and the great weather we had when we were there definitely made me think of investing there soon.

They don't account for headaches, inconveniences and the difference between forecasted and actual returns.

Based upon forecasting my estimate will be 30-35. 

Best of luck on your various searches and endeavors and enjoy some of that warm weather for us here in Maine!

Focus completely on RE investing, weather that’s physical properties, notes, lending of capital.  

just my little company has built about 20 new builds there and prior to 2012 there was NO new construction.. or very little.But follow the jobs  follow the weather  and right to work states.. at its core that's shift is still going on and will continue FLA with NO state income tax will continue..

I haven't seen the inside but the outside is weathered, weeds growing, neighbors say inside is in bad shape.

So the maps will continue to change as weather events happen over time. 

However if you're positive this area is doing well and it doesn't have:Population decline or stagnationCompanies leaving the area with none taking its placeDeclining average incomeRising average age of populationRising tax delinquencies or foreclosures I would only take the leap if you understand these and there are still risks such as the aging property which might have a lot of deferred CapEx work which will eat up profits if not forecasted and budgeted correctly.