New search
Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Specialty properties
1403 Cat Mar Rd, Niceville, FL 32578-9742
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0350255
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1988
Construction
FRAME
Total area
2,995 SF
Lot
0.57 ac (24,757 SF)
APN
24-1S-22-223B-000A-0360
UPID
US18-0350255
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$811k
Blend (final)
Blend
$665k
Owner & transaction history
Jhh Holdings LLC · 3 yrs held
Jhh Holdings LLC
since 2022
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+67.3%
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 Niceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niceville 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
$705,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$615,000
Current use
COMMERCIAL (GENERAL)
$1,030,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$575,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $650k (Sep 7 2022)
Last sale anchor
$650k
Sep 7 2022
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
$222 / 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
$6,046
Tax year 2023
Assessed value
$508,033
Assessed 2023
Previous assessed
$281,669
+80.4% YoY
Effective rate
1.19%
On assessed value
Assessed land
$160,000
Assessed improvement
$348,033
Land market value
$160,000
Improvement market value
$348,033
Total market value
$508,033
Applied tax rate
14.0000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
14
Total area
2,995 SF
Lot
0.57 ac (24,757 SF)
APN
24-1S-22-223B-000A-0360
UPID
US18-0350255
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
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$575,000
VETERINARY, ANIMAL HOSPITAL Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
14
Lot
0.57 ac
Current owner
From public records · entity-resolved
Jhh Holdings LLC
Entity
Mailing address
908 PALM BLVD S, NICEVILLE, FL 32578-2603
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
$650,000
Jhh Holdings LLC
Medical Properties Of Nw Florida Ll
Warranty Deed
$63,550 · Synovus Bank
Jun 25, 2018
—
Medical Properties Of Nw Florida Ll
—
Deed
related
$304,000 · Synovus Bank
Nov 5, 2014
$285,000
Medical Properties Of Nw Fl LLC
Abc Pediatrics Of Okaloosa Pa
Grant Deed
—
Oct 27, 2014
$285,800
Medical Properties Of Nw Florida Ll
Abc Pediatrics Of Okaloosa Pa
Warranty Deed
$290,000 · Summit Bank NA
Apr 19, 2010
$250,000
Abc Pediatrics Of Okaloosa Pa
Coastal Bk & Trust Of Fl
Grant Deed
$212,500 · Coastal Bank & Trust
Dec 3, 2009
$190,000
Coastal Bk & Trust Of Fl
Key Lime Homes LLC
Warranty Deed
—
Apr 26, 2005
—
Key Lime Homes INC
—
Trustees Deed
related
$210,800 · Firstmerit Bank NA
May 19, 2003
$155,000
Key Lime Homes INC
Mcginns,allen R & Regina A
Grant Deed
$110,000 · Vanguard Bank & Trust Co
—
—
Key Lime Homes INC
—
Deed Of Trust
related
$200,000 · Vanguard Bank & Trust Co
—
—
Key Lime Homes INC
—
Deed Of Trust
related
$653,565 · R V Schroeder
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1403 Cat Mar Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
