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Property profile & analytics
FOR SALE
Turn key restaurants
1296 N Ferdon Blvd Crestview, FL 32536
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-7230123
For Sale
1 / 67
$1,700,000
1296 N Ferdon Blvd, Crestview, FL 32536
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2017
Construction
FRAME
Total area
5,680 SF
Lot
4.61 ac (200,811 SF)
APN
04-3N-23-0000-0026-0000
UPID
US18-7230123
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
-
Task Force Pizza Co. Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$817k
Blend (final)
Blend
$845k
Owner & transaction history
Lizajay LLC · 4 yrs held
Lizajay LLC
since 2021
Last sale
$850,000
7 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 Crestview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crestview 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
$865,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,205,000
Current use
COMMERCIAL (GENERAL)
$1,005,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $850k (Aug 5 2021)
Last sale anchor
$850k
Aug 5 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
$149 / 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
$9,605
Tax year 2023
Assessed value
$593,714
Assessed 2023
Previous assessed
$567,150
+4.7% YoY
Effective rate
1.62%
On assessed value
Assessed land
$197,869
Assessed improvement
$395,845
Land market value
$197,869
Improvement market value
$395,845
Total market value
$593,714
Applied tax rate
3.0000
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
For Sale
Year built
2017
Construction
FRAME
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Rooms
6
Total area
5,680 SF
Lot
4.61 ac (200,811 SF)
APN
04-3N-23-0000-0026-0000
UPID
US18-7230123
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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RESTAURANT Current
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
2017
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Lot
4.61 ac
Current owner
From public records · entity-resolved
Lizajay LLC
Entity
Mailing address
1130 AMBER WAY, ROCKWALL, TX 75032-7909
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2021
$850,000
Lizajay LLC
Spurlin And Spurlin LLC
Warranty Deed
$450,000 · Harvesters FCU
Sep 30, 2015
$200,000
Spurlin & Spurlin LLC
Ccb Community Bank
Warranty Deed
$164,276 · Ccb Community Bank
May 17, 2011
$489,300
Ccb Cmnty Bk
Mckelvy,william R
Warranty Deed
—
Sep 26, 2006
$850,000
William R Mckelvy
Jwm Of Baker INC
Warranty Deed
$510,000 · Covington County Bank
Aug 22, 2006
$783,000
Hcb Financial Corp
Jwm Of Baker INC
Warranty Deed
$4,000,000 · First Commercial Bank
Apr 19, 2005
—
Jwm Of Baker INC
Crestview LLC
Quit Claim Deed
related
—
Feb 10, 2005
$250,000
Jwm Of Baker INC
Crestview LLC
Grant Deed
$525,000 · Wachovia Bank NA
Apr 10, 1997
$526,428
Crestview LLC
K C Properties
Grant Deed
$4,735,000 · Hibernia Bank
—
—
William R Mckelvy
—
Deed Of Trust
related
$90,175 · Ccb Community Bank
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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