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Property profile & analytics
OFF-MARKET
Estimated value
$2,010,000
Strip malls
501 Hbr Blvd Destin, FL 32541-2348
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5139850
Property summary
AI-generated overview
This exceptional 9,400 square foot commercial space is ideally situated at 501 Harbor Boulevard Unit B, Destin, Florida, directly on Highway 98/Harbor Boulevard, just a mile from the Destin bridge. Located within Norred Plaza, this property offers a prominent location in the heart of Destin's bustling commercial district. The interior currently features five private offices and one bathroom. While requiring some minor finishing touches to fully customize it to your business needs, the space presents a significant opportunity for immediate occupancy. The property's strategic location ensures high visibility and accessibility for clients and employees alike. The asking price is $1250 (presumably monthly rent, further details to be confirmed). It's important to note that there is an additional monthly fee of $100 for water, sewer, and trash services. This exceptional property is perfect for a variety of professional businesses seeking a high-profile location in Destin. Serious inquiries are encouraged to schedule a viewing and explore the potential of this remarkable commercial space. The property is categorized as General Commercial and sits on a 0-acre lot.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Construction
STEEL FRAME
Total area
10,575 SF
Lot
0.58 ac (25,100 SF)
APN
00-2S-22-0310-000A-0000
UPID
US18-5139850
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
Current use
Occupant on record · Public records
-
Luis Rosado DC Alternative Medicine Practice
-
Richard L. Basye, DC Alternative Medicine Practice
-
Armstrong's Printing & Graphics Marketing & Advertising Printing Service
-
Michael E. Raim, OD Physician
-
Benthic Ocean Sports LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$2.01M
Owner & transaction history
Ann Streeter · 8 yrs held
Ann Streeter
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+78.4%
Restaurant
$2.2M
+35.7%
Office building
$2.1M
+28.1%
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 Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,655,000
Current use
COMMERCIAL (GENERAL)
$2,955,000
Change: +78% · Conversion: Easy
RESTAURANT
$2,245,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$2,120,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,630,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,420,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.01M
Range $1.81M – $2.21M · ±10%
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
$190 / 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
$10,306
Tax year 2023
Assessed value
$1,001,378
Assessed 2023
Previous assessed
$927,549
+8.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$577,500
Assessed improvement
$423,878
Land market value
$577,500
Improvement market value
$423,878
Total market value
$1,001,378
Applied tax rate
10.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
6
Rooms
36
Total area
10,575 SF
Lot
0.58 ac (25,100 SF)
APN
00-2S-22-0310-000A-0000
UPID
US18-5139850
Jurisdiction
OKALOOSA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Rooms
36
Lot
0.58 ac
Current owner
From public records · entity-resolved
Ann Streeter
Individual
Mailing address
36 MAPLE AVE, SHALIMAR, FL 32579-1131
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2017
$174,900
Ann Streeter
Linc Grant Construction INC
Warranty Deed
$139,920 · University Lndg
Oct 5, 2016
—
Norred,william T Trust
Norred,william T
Quit Claim 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.
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