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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Medical Office Space
1196 Gulf Breeze Pkwy Gulf Breeze, FL 32561-4836
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4609513
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Construction
WOOD
Total area
2,410 SF
Lot
0.44 ac (19,250 SF)
Zoning code
C1
APN
04-3S-29-0000-05201-0000
UPID
US18-4609513
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
-
Dr. Michael Rennie, DVM Veterinary Clinic
-
Parkway Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$462k
Blend (final)
Blend
$565k
Owner & transaction history
Mary M Deaver LLC · 5 yrs held
Mary M Deaver LLC
since 2020
Last sale
$615,000
4 recorded transactions
Zoning & alternative use
C1 · Gulf Breeze, FL
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 Gulf Breeze submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Breeze 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
$625,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$520,000
7%
$485,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$410,000
Current use
RETAIL STORES
$380,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $615k (Jul 20 2020)
Last sale anchor
$615k
Jul 20 2020
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
$234 / 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
$4,997
Tax year 2023
Assessed value
$454,741
Assessed 2023
Previous assessed
$386,802
+17.6% YoY
Effective rate
1.10%
On assessed value
Assessed land
$211,750
Assessed improvement
$242,991
Land market value
$211,750
Improvement market value
$242,991
Total market value
$454,741
Applied tax rate
1.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
8
Bathrooms
2
Total area
2,410 SF
Lot
0.44 ac (19,250 SF)
Zoning code
C1
APN
04-3S-29-0000-05201-0000
UPID
US18-4609513
Jurisdiction
SANTA ROSA
Zoning & alternative use
C1 · Gulf Breeze, FL
Zoning C1 · permitted uses
C1 · Gulf Breeze, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gulf Breeze. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$410,000
RETAIL STORES
Est. value
$380,000
MEDICAL BUILDING Current
RETAIL STORES
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
1978
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mary M Deaver LLC
Entity
Mailing address
920 E JORDAN ST, PENSACOLA, FL 32503-3968
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2020
$615,000
Mary M Deaver LLC
Michael P Rennie
Warranty Deed
$252,400 · Whitney Bank
Mar 12, 2013
—
Michael P Rennie
Rennie,michael
Quit Claim Deed
related
—
Apr 10, 1996
$225,000
Michael Rennie
Stine,robert H & Mary B
Grant Deed
$390,000 · Parkway Animal Hosp INC
—
—
Michael P Rennie
—
Deed Of Trust
related
$130,000 · Coastal Bank & Trust
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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