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    Property profile & analytics

    1212 Ferdon Blvd Crestview, FL 32536-1712

    • Warehouses
    • 10,224 SF
    • 0.91 lot acres
    OFF-MARKET
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5209048
    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

    • Southern Pipe & Supply / Hardware & Home Improvement / Home Appliance Store
    • La Salsa / Restaurant
    • Hola' Tacos / Take-out & Catering / Catering Service
    • Hola' Taco's, LLC / Restaurant

    Property Details for 1212 Ferdon Blvd

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    0.91 lot acres
    Property size
    10,224 SF
    Property type
    Warehouses
    APN
    04-3N-23-1840-0002-0050
    APU
    043N23184000020050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $908,000
      Market price range: $667k - $1.50M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,055,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5603
    Latitude
    30.7859
    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
    $8,073
    $291,293
    $207,709
    $499,002
    -
    $291,293
    $207,709
    $499,002

    Comparable in this City

    • Value Estimation
      $6,075,000
      30,850 SF

      5184 Ferdon Blvd

      MINI-WAREHOUSE, STORAGE • 30,850 SF
      5184 Ferdon Blvd, Crestview, FL 32536
      View Details
    • Value Estimation
      $685,000
      0.77 Acres

      1503 Ferdon Blvd

      WAREHOUSE, STORAGE • 0.77 Acres
      1503 Ferdon Blvd, Crestview, FL 32536-8445
      View Details
    • Value Estimation
      $500,000
      8,112 SF

      120 Martin Luther King Jr Ave

      WAREHOUSE, STORAGE • 8,112 SF
      120 Martin Luther King Jr Ave, Crestview, FL 32536-4038
      View Details
    • Value Estimation by Request
      6,200 SF

      2120 P J Adams Pkwy

      MINI-WAREHOUSE, STORAGE • 6,200 SF
      2120 P J Adams Pkwy, Crestview, FL 32536-9222
      View Details
    • Value Estimation
      $835,000
      12,114 SF

      100 Lloyd St, Unit 310-5

      WAREHOUSE, STORAGE • 12,114 SF
      100 Lloyd St, Crestview, FL 32536-3319
      View Details
    • Value Estimation by Request
      1,400 SF

      9th Ave

      WAREHOUSE, STORAGE • 1,400 SF
      9th Ave, Crestview, FL 32536
      View Details

    Similar Nearby for Sale

    • $625,000

      Crestview Contractor Yard with Warehouse

      Fenced yard, fleet storage, and warehouse space on 2.53 acres.
      96 Old Milligan Rd, Crestview, FL 32536
      View Details
    • $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
      View Details
    • Contact for pricing
      30,156 SF

      Crestview Industrial Space - Huge Potential

      Prime Crestview location, large warehouse, great access.
      701 Ashley Dr, Crestview, FL 32536
      View Details
    • Contact for pricing
      10,000 SF

      Crestview Industrial Space - 10,000 SF

      Spacious industrial unit, prime location, ready to occupy.
      701 Ashley Dr Unit, Crestview, FL 32536
      View Details
    • $3,600,000

      Commercial Lot on Major Thoroughfare

      3.83 acre commercial lot in rapidly growing Crestview area.
      1212 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $1,495,000
      6,405 SF

      Crestview Office Building - Main Street

      Historic Downtown Office, 6,405 SF
      102 - 104 N Main St, Crestview, FL 32536
      View Details

    Similar Nearby for Lease

    • $5,250 /Mo

      Crestview Flex Space For Rent

      4,500 SF commercial flex space with high visibility.
      493 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $210 SF/Yr
      5,000 SF

      Crestview Commercial Space For Rent

      Commercial space suitable for office, retail, warehouse, and storage.
      404 W James Lee Blvd, Crestview, FL 32536
      View Details
    • $3,500 /Mo

      Crestview Flex Space Available

      Flex space with 3-phase power and fenced yard.
      641 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $17 SF/Yr
      1,991 SF

      Crestview Retail Space - Hwy 85 Frontage

      High-traffic retail space, excellent visibility.
      916 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $23 SF/Yr
      1,200 SF

      Crestview Retail Space - Suite 3060

      High-traffic retail space, excellent location.
      2535 2499 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $3,000 /Mo
      1,400 SF

      Crestview Office Space For Lease

      Historic Main Street Office, 1400 sq ft
      102 - 104 N Main St, Crestview, FL 32536
      View Details

    Property Visit Statistics

    • Visits by month
      15.2k
    • Visitors by month
      10.7k
    • Avg Time on site
      13 min
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    Crestview, FL 32536-1712
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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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