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    Property profile & analytics

    1122 Ferdon Blvd Crestview, FL 32536-1710

    • Auto shops
    • 12,346 SF
    • 1.77 lot acres
    OFF-MARKET
    Value Estimations
    $1,060,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3340193
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Precision Auto Body-Crestview / Auto Repair Shop

    Property Details for 1122 Ferdon Blvd

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    1.77 lot acres
    Property size
    12,346 SF
    Property type
    Auto shops
    APN
    04-3N-23-1840-0004-0040
    APU
    043N23184000040040

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $960,000
      Market price range: $654k - $1.27M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,560,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.561
    Latitude
    30.7832
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,029
    $430,805
    $554,184
    $984,989
    -
    $430,805
    $554,184
    $984,989

    Comparable in this City

    • Value Estimation by Request
      2,858 SF

      294 James Lee Blvd

      AUTO REPAIR, GARAGE • 2,858 SF
      294 James Lee Blvd, Crestview, FL 32536-3332
      View Details
    • Value Estimation by Request
      3,090 SF

      5165 Ferdon Blvd

      AUTO REPAIR, GARAGE • 3,090 SF
      5165 Ferdon Blvd, Crestview, FL 32536-9267
      View Details
    • Value Estimation by Request
      5,804 SF

      496 Main St

      AUTO REPAIR, GARAGE • 5,804 SF
      496 Main St, Crestview, FL 32536-4248
      View Details
    • Value Estimation by Request
      3,605 SF

      301 Main St

      AUTO REPAIR, GARAGE • 3,605 SF
      301 Main St, Crestview, FL 32536-3738
      View Details
    • Value Estimation
      $910,000
      15,718 SF

      956 James Lee Blvd

      AUTO REPAIR, GARAGE • 15,718 SF
      956 James Lee Blvd, Crestview, FL 32536-5137
      View Details
    • Value Estimation by Request
      5,551 SF

      101 Edney Ave

      AUTO REPAIR, GARAGE • 5,551 SF
      101 Edney Ave, Crestview, FL 32536-4121
      View Details

    Similar Nearby for Sale

    • $549,900
      Pending

      Automotive Shop in Growing Area

      Automotive mechanic shop with fenced yard in a growing area.
      133 Cayson Ave, Crestview, FL 32536
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    • $695,000
      4,300 SF

      Crestview Net-Leased Industrial Investment

      Net-leased industrial property in Crestview, Florida, ideal for investment.
      101 W Edney Ave, Crestview, FL 32536
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    • $400,000

      Auto Mechanic Shop on Highway

      Auto mechanic shop on 0.4 acres with highway frontage.
      835 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $400,000
      1,500 SF

      Auto Mechanic Shop on Highway

      Auto mechanic shop on 0.4 acres with highway frontage.
      835 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $475,000
      2,146 SF

      Prime Crestview Commercial Property

      High-traffic corner lot, 2,146 SF building.
      1202 N Ferdon Blvd, Crestview, FL 32536
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    • $1,400,000
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      Crestview Exxon Gas Station

      Profitable Florida Gas Station, $1.4M
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    Similar Nearby for Lease

    • $34 SF/Yr
      1,250 SF

      Crestview Retail Pad Site Lease

      1,250 SF Curb-In Pad, Drive-Thru Ready
      352 W James Lee Blvd, Crestview, FL 32536
      View Details
    • Contact for pricing

      Retail Space on Ferdon Boulevard

      Sublease opportunity with high visibility in Crestview, Florida.
      2503 South Ferdon Blvd, Crestview, FL 32536
      View Details
    • $2,000 /Mo
      2,304 SF

      Commercial Space on Hwy 90

      Commercial space with high visibility on Hwy 90.
      426 W James Lee Blvd, Crestview, FL 32536
      View Details
    • $23 SF/Yr
      1,200 SF

      Retail Space in Crestview Corners

      Retail space with high visibility and easy access in Crestview.
      2535 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $16,800 /Mo
      15,110 SF

      Retail and Restaurant Spaces Available

      Pre-leasing retail and restaurant spaces in Crestview, Florida.
      352 W Hwy 90 Blvd, Crestview, FL 32536
      View Details
    • $15 SF/Yr
      2,016 SF

      Retail Space on North Ferdon

      Retail space available in Northgate Professional Building, Crestview, FL.
      916 N Ferdon Blvd, Crestview, FL 32536
      View Details

    Property Visit Statistics

    • Visits by month
      10.1k
    • Visitors by month
      7.2k
    • Avg Time on site
      39 min
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    Crestview, FL 32536-1710
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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