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Property profile & analytics
OFF-MARKET
Estimated value
$1,955,000
Distribution centers
125 Hollywood NW Blvd Fort Walton Beach, FL 32548-4759
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3796861
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1991
Construction
STEEL FRAME
Total area
18,368 SF
Lot
0.77 ac (33,750 SF)
APN
13-2S-24-2030-0001-001L
UPID
US18-3796861
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
-
Wittichen Supply Co Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.96M
Owner & transaction history
Downtown Industrial LLC · 1 yrs held
Downtown Industrial LLC
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+88.1%
Neighborhood: shopping center
$2.9M
+74.2%
Industrial (general)
$1.9M
+14.9%
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
$2,265,000
ML approach
$2,175,000
CAP Approach
CAP Return
Estimation
6%
$2,080,000
6.5%
$1,920,000
7%
$1,785,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,650,000
Current use
RETAIL STORES
$3,105,000
Change: +88% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,875,000
Change: +74% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,895,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.96M
Range $1.76M – $2.15M · ±10% · vs last sale $1.93M (Dec 10 2021)
Last sale anchor
$1.93M
Dec 10 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
$106 / 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
$11,496
Tax year 2023
Assessed value
$824,501
Assessed 2023
Previous assessed
$824,501
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$152,210
Assessed improvement
$672,291
Land market value
$152,210
Improvement market value
$672,291
Total market value
$824,501
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
7
Total area
18,368 SF
Lot
0.77 ac (33,750 SF)
APN
13-2S-24-2030-0001-001L
UPID
US18-3796861
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
WAREHOUSE, STORAGE Current
Est. value
$1.7M
RETAIL STORES
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (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
1991
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
7
Lot
0.77 ac
Current owner
From public records · entity-resolved
Downtown Industrial LLC
Entity
Free & Clear · 1 yrs held
Mailing address
125 HOLLYWOOD BLVD NW, FORT WALTON BEACH, FL 32548-4759
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2024
—
Downtown Industrial LLC
Michael Lamer Gilmore
Deed
—
Dec 10, 2021
$1,933,800
Nw Wit LLC
Wittichen Supply Company LLC
Special Warranty Deed
—
Aug 10, 2021
$825,000
Wittichen Supply Company LLC
Wittichen Supply Company
Special Warranty Deed
—
Mar 16, 2009
$950,000
Wittichen Supply Co INC
Acr Glass INC
Warranty Deed
—
Nov 29, 2004
$900,000
Acr Glass INC
Glass 1 INC
Warranty Deed
related
$921,765 · Regions Bank
May 3, 2004
$720,000
Glass 1 INC
Glass Master Group LLC
Quit Claim Deed
related
—
Nov 9, 1998
$525,200
Glass Master Group
Dixie Glass Co
Grant 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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