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    Property profile & analytics

    1281 Eglin Pkwy Shalimar, FL 32579-1256

    • Drive through restaurants
    • 3,692 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimation
    $1,060,000
    Last Sale
    Aug 13, 2021
    $1,029,000
    Location Intelligence
    Property ID
    US18-4003457
    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

    • Drive through restaurants

    Property Details for 1281 Eglin Pkwy

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    0.87 lot acres
    Property size
    3,692 SF
    Property type
    Drive through restaurants
    APN
    05-2S-23-2080-0121-0100
    APU
    052S23208001210100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,045,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,040,000
      6.5%
      $990,000
      7%
      $990,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,140,000
      Geo Method
      $1,065,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,040,000
      Retail
      $930,000
      Mixed-Use
      $1,155,000
      Hospitality
      $915,000
      Educational
      $1,160,000
      Residential Income
      $1,140,000
      Energy
      $1,140,000
      Income-Based Land
      $1,140,000
      Food Service
      $1,010,000

    Location Insight

    • Map
    • Local Demand
    City
    Shalimar
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.578
    Latitude
    30.4475
    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
    $7,894
    $452,821
    $184,827
    $637,648
    -
    $452,821
    $184,827
    $637,648

    Comparable in this City

    • Value Estimation
      $415,000
      6,888 SF

      1189 Eglin Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,888 SF
      1189 Eglin Pkwy, Shalimar, FL 32579-1252
      View Details
    • Value Estimation
      $410,000
      5,962 SF

      1166 Eglin Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,962 SF
      1166 Eglin Pkwy, Shalimar, FL 32579-1227
      View Details
    • Value Estimation
      $320,000
      4,745 SF

      39 Eglin Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,745 SF
      39 Eglin Dr, Shalimar, FL 32579-1613
      View Details
    • Value Estimation
      $410,000
      350 SF

      1255 Eglin Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 350 SF
      1255 Eglin Pkwy, Shalimar, FL 32579-1254
      View Details
    • Value Estimation
      $285,000
      2,024 SF

      1105 Eglin Pkwy

      RESTAURANT • 2,024 SF
      1105 Eglin Pkwy, Shalimar, FL 32579-1228
      View Details
    • Value Estimation by Request
      5,115 SF

      1176 Eglin Pkwy

      RESTAURANT • 5,115 SF
      1176 Eglin Pkwy, Shalimar, FL 32579-1227
      View Details

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      Prime Shalimar office, 80 sq ft, all-inclusive rent.
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      View Details
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    Shalimar, FL 32579-1256
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    Realmo Value Estimation

    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.

    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.

    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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