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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Specialty properties
1106 Hospital Rd Fort Walton Beach, FL 32547-6742
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4911344
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1988
Construction
FRAME
Total area
13,061 SF
Lot
0.94 ac (40,736 SF)
APN
34-1S-24-0000-0052-0040
UPID
US18-4911344
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
-
White-Wilson Medical Center Medical Clinic
-
Stephanie Wilson, APRN Medical Clinic
-
Dr. Joseph Levine Physician
-
Fred Earhart Aubert Physician Medical Clinic
-
Dr. Aaron Noles Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$2.89M
Owner & transaction history
Kagr Fort Walton 1106 LLC · 4 yrs held
Kagr Fort Walton 1106 LLC
since 2021
Last sale
$2.6M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+11.5%
Restaurant
$3.0M
+10.9%
Retail stores
$2.8M
+5.1%
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 Fort Walton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Walton 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
Method
Estimation
Statistic approach
$3,020,000
ML approach
$3,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$2,690,000
Current use
AUTO REPAIR, GARAGE
$2,995,000
Change: +11% · Conversion: Difficult
RESTAURANT
$2,985,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,825,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,545,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±10% · vs last sale $2.58M (Dec 16 2021)
Last sale anchor
$2.58M
Dec 16 2021
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
$221 / 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
$23,609
Tax year 2023
Assessed value
$1,693,253
Assessed 2023
Previous assessed
$1,645,215
+2.9% YoY
Effective rate
1.39%
On assessed value
Assessed land
$395,953
Assessed improvement
$1,297,300
Land market value
$395,953
Improvement market value
$1,297,300
Total market value
$1,693,253
Applied tax rate
4.0000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
38
Total area
13,061 SF
Lot
0.94 ac (40,736 SF)
APN
34-1S-24-0000-0052-0040
UPID
US18-4911344
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
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RESTAURANT
Est. value
$3.0M
RETAIL STORES
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.5M
VETERINARY, ANIMAL HOSPITAL Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
38
Lot
0.94 ac
Current owner
From public records · entity-resolved
Kagr Fort Walton 1106 LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
$2,577,000
Kagr Fort Walton 1106 LLC
1106 Fort Walton Medical Properties
Special Warranty Deed
$510,200,000 · Capital One Bank NA
May 1, 2017
$1,685,000
1106 Ft Walton Medical Props L
Ww Real Estate LLC
Warranty Deed
—
Jul 5, 2007
—
Ww Real Estate LLC
Cox,cecil D JR & Rosemary W
Quit Claim Deed
related
—
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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