131 Racetrack Rd Ft Walton Beach, FL 32547
Property profile & analytics
131 Racetrack Rd, Ft Walton Beach, FL 32547
- Commercial real estate
- 12,819 SF
- 6.59 lot acres
Property ID
US18-2915531
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.
Location Intelligence
Current Use by Public Records
- James Bartee, Loan Officer, NMLS 2191113, Movement Mortgage / Loan Service / Bank
- Orchid Nails & Spa (10% OFF New Customers) / Nail Salon
- Let's Get Chillin Health & Wellness / Spa & Massage Center
- Shelley Elley / Real Estate Agency
- Jackie Riel - Coldwell Banker Residential Realestate / Real Estate Agency
Property Details for 131 Racetrack Rd
- Year built
- 1974
- Construction
- STEEL FRAME
- Lot size
- 6.59 lot acres
- Property type
- Commercial real estate
- APN
- 02-2S-24-2200-000B-001A
- APU
- 022S242200000B001A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 6, 2020 | — | Aelep Choctaw LLC | — | Deed · related | $4M · Trustmark Nat'l Bk |
| Mar 5, 2020 | $1,440,000 | Florida Cre Group 3 LLC | Aelep Choctaw LLC | Warranty Deed | $720k · Vast Bank NA |
| Dec 2, 2015 | $9,500,000 | Aelep Choctaw LLC | Choctaw Plaza Ltd | Warranty Deed | — |
| — | — | Choctaw Plaza Ltd | — | Deed Of Trust · related | $6.1M · Trustmark National Bank |
| — | — | Choctaw Plaza Ltd | — | Deed Of Trust · related | — |
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,595,000
- 6.5%
- $2,395,000
- 7%
- $2,225,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,400,000
- AI Estimate
- $3,389,000
Market price range: $1.44M - $4.40MMarket price range: $1.14M - $3.39M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,500,000 Current use
- AUTO REPAIR, GARAGE
- $2,940,000 Change: +18% Conversion: Difficult
- RESTAURANT
- $2,930,000 Change: +17% Conversion: Difficult
- RETAIL STORES
- $2,775,000 Change: +11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ft Walton Beach
- County
- Okaloosa
- State
- Florida
- Longitude
- -86.6198
- Latitude
- 30.4481
- 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
$85,447
$1,948,019
$4,180,408
$6,128,427
-
$1,948,019
$4,180,408
$6,128,427
