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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Commercial real estate
113 Bailey Dr Niceville, FL 32578-2753
Entity Owned
~
Est. High Equity
Property ID
US18-4490719
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Construction
STEEL FRAME
Total area
5,248 SF
Lot
1.42 ac (61,997 SF)
APN
05-1S-22-256D-0093-0010
UPID
US18-4490719
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
-
Chris Nix: Primerica - Financial Services Financial Advisor
-
Niceville Dental Laboratory Dental Office
-
Coastal Gutter Professionals LLC Construction Company
-
Elemental Science Inc. Publishing House Printing Service
-
Bluewater Revive & Thrive Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
$980k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Apt Olympus Properties LLC
Apt Olympus Properties LLC
since 2025
Last sale
$775,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Niceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niceville 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
$825,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$980,000
7%
$910,000
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $775k (Nov 26 2025)
Last sale anchor
$775k
Nov 26 2025
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
$163 / 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
$17,407
Tax year 2023
Assessed value
$1,305,759
Assessed 2023
Previous assessed
$1,290,728
+1.2% YoY
Effective rate
1.33%
On assessed value
Assessed land
$274,063
Assessed improvement
$1,031,696
Land market value
$274,063
Improvement market value
$1,031,696
Total market value
$1,305,759
Applied tax rate
6.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
OTHER
Buildings
3
Stories
1
Rooms
14
Total area
5,248 SF
Lot
1.42 ac (61,997 SF)
APN
05-1S-22-256D-0093-0010
UPID
US18-4490719
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
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
14
Lot
1.42 ac
Current owner
From public records · entity-resolved
Apt Olympus Properties LLC
Entity
Mailing address
PO BOX 782, NICEVILLE, FL 32588-0782
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
$775,000
Apt Olympus Properties LLC
Gale F Adams
Warranty Deed
$671,925 · Synovus Bank
Nov 24, 2025
$775,000
Apt Olympus Properties LLC
Gale F Adams
Warranty Deed
$671,925 · Synovus Bank
May 16, 2025
$775,000
Cole Services INC
Gale F Adams
Warranty Deed
—
Dec 3, 2007
$637,500
Hz Property Investments LLC
Adams,gale F & Glenda A
Warranty Deed
—
Jun 6, 1997
—
Glenda A Adams
Adams,gale F & Glenda A
Quit Claim Deed
related
$450,000 · Southtrust Bank Northwest Fl
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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