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Property profile & analytics
OFF-MARKET
Estimated value
$3,115,000
Commercial real estate
1270 Eglin Pkwy Shalimar, FL 32579-2306
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4297205
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,293 SF
Lot
1.04 ac (45,446 SF)
APN
05-2S-23-2080-0121-0010
UPID
US18-4297205
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
-
Coastal Chiropractic Alternative Medicine Practice
-
Shalimar Cheers Pub Nightclub Bar & Pub
-
Felix Beukenkamp Builder Inc Construction Company General Contractor
-
BBG Design-Build, LLC Construction Company
-
GTRI Shalimar Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.20M
CAP Approach
CAP
$3.61M
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$3.12M
Owner & transaction history
Goodluck Shalimar Real Estate LLC · 3 yrs held
Goodluck Shalimar Real Estate LLC
since 2023
Last sale
$2.5M
6 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 Shalimar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shalimar 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
$3,195,000
ML approach
$3,195,000
CAP Approach
CAP Return
Estimation
6%
$3,905,000
6.5%
$3,605,000
7%
$3,350,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,745,000
Current use
RESTAURANT
$4,100,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.12M
Range $2.80M – $3.43M · ±10% · vs last sale $2.53M (Feb 17 2023)
Last sale anchor
$2.53M
Feb 17 2023
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
$161 / 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
$17,785
Tax year 2023
Assessed value
$1,352,309
Assessed 2023
Previous assessed
$1,352,309
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$651,167
Assessed improvement
$701,142
Land market value
$651,167
Improvement market value
$701,142
Total market value
$1,352,309
Applied tax rate
7.0000
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Stories
2
Rooms
31
Total area
19,293 SF
Lot
1.04 ac (45,446 SF)
APN
05-2S-23-2080-0121-0010
UPID
US18-4297205
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
COMMERCIAL (GENERAL) Current
Est. value
$4.7M
RESTAURANT
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
31
Lot
1.04 ac
Current owner
From public records · entity-resolved
Goodluck Shalimar Real Estate LLC
Entity
Mailing address
10598 E VESTABURG RD, VESTABURG, MI 48891-9402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
$2,525,000
Goodluck Shalimar Real Estate LLC
Radboud Properties INC
Warranty Deed
$1,888,000 · Southern Independent Bank
Feb 11, 2019
—
Radboud Properties INC
—
Deed
related
$1,430,000 · Midsouth Bk
Nov 3, 1997
$702,300
Radboud Properties INC
Shalimar Development Corp
Grant Deed
$500,000 · Barnett Bank
—
—
Radboud Properties INC
—
Loan Modification
related
$1,430,000 · Midsouth Bk
—
—
Radboud Properties INC
—
Deed Of Trust
related
$1,284,000 · Mid South Bk
—
—
Radboud Properties INC
—
Deed Of Trust
related
$200,000 · Vanguard Bank & Trust Co
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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