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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Turn key restaurants
1284 Marler Ave Fort Walton Beach, FL 32548-6216
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-3647319
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2016
Construction
STEEL FRAME
Total area
9,215 SF
Lot
2.21 ac (96,397 SF)
APN
00-2S-24-2185-0012-0210
UPID
US18-3647319
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Cattywampus Aquatic Adventures (Bike/Boat/Book/etc) Store
-
Crab Island Voyages Boat Rental Service Boat Tour Agency
-
Lady Luck Adventures Tour Operator Travel Agency
-
Gulf Dunes Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.79M
Owner & transaction history
Fwgv LLC · 11 yrs held
Fwgv LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+0.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,105,000
Current use
AUTO REPAIR, GARAGE
$2,115,000
Change: +0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,685,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10%
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
$194 / 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
$28,785
Tax year 2023
Assessed value
$2,159,398
Assessed 2023
Previous assessed
$2,059,248
+4.9% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,700,613
Assessed improvement
$458,785
Land market value
$1,700,613
Improvement market value
$458,785
Total market value
$2,159,398
Applied tax rate
13.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
13
Total area
9,215 SF
Lot
2.21 ac (96,397 SF)
APN
00-2S-24-2185-0012-0210
UPID
US18-3647319
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
RESTAURANT Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT Current
AUTO REPAIR, GARAGE
COMMERCIAL (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
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
13
Lot
2.21 ac
Current owner
From public records · entity-resolved
Fwgv LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 4087, GULF SHORES, AL 36547-4087
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2015
$1,700,000
Fwgv LLC
Se Property Holdings LLC
Grant Deed
—
Aug 18, 2011
$3,400,000
Se Property Holdings LLC
Vision Bk
Quit Claim Deed
related
—
Mar 23, 2006
—
Hk Dev Properties LLC
Panhandle Properties LLC
Grant Deed
related
—
Dec 28, 2005
$15,581,600
Hk Dev Properties LLC
Panhandle Properties LLC
Warranty Deed
—
Nov 22, 2005
$8,030,000
Panhandle Properties LLC
Harbor Place LLC
Quit Claim Deed
related
—
Jun 7, 2005
—
Powell Gillis E SR 2004 Trust
Powell,gillis E SR
Quit Claim Deed
related
—
Mar 18, 2005
$2,875,000
Gillie E Powell SR.
Prm INC
Warranty Deed
—
May 16, 1996
$100
P R M INC
Okaloos County
Quit Claim 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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