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Property profile & analytics
FOR LEASE
Warehouses
155 NW Blake Ave Fort Walton Beach, FL 32548
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7525316
For Lease
1 / 4
$15 SF/Yr
155 NW Blake Ave, Fort Walton Beach, FL 32548
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
STEEL FRAME
Total area
7,000 SF
Lot
5.8 ac (252,648 SF)
APN
09-2S-24-0000-0093-0090
UPID
US18-7525316
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
-
Emerald Coast Forklift Car Dealership
-
Serclean Panhandle Hardware & Home Improvement Construction Company
-
Mid-Coast Lawn Management Landscaping General Contractor
-
Foy Holdings LLC Real Estate Agency
-
Flip It Good LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$829k
Blend (final)
Blend
$800k
Owner & transaction history
Blakeanchors Properties LLC · 1 yrs held
Blakeanchors Properties LLC
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+103.7%
Retail stores
$1.2M
+88.1%
Neighborhood: shopping center
$1.1M
+74.2%
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
$845,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$630,000
Current use
COMMERCIAL (GENERAL)
$1,280,000
Change: +104% · Conversion: Difficult
RETAIL STORES
$1,185,000
Change: +88% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,095,000
Change: +74% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$725,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$114 / 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
$41,098
Tax year 2023
Assessed value
$3,191,676
Assessed 2023
Previous assessed
$2,997,271
+6.5% YoY
Effective rate
1.29%
On assessed value
Assessed land
$410,627
Assessed improvement
$2,781,049
Land market value
$410,627
Improvement market value
$2,781,049
Total market value
$3,191,676
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Units
7
Rooms
14
Total area
7,000 SF
Lot
5.8 ac (252,648 SF)
APN
09-2S-24-0000-0093-0090
UPID
US18-7525316
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
WAREHOUSE, STORAGE Current
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$725,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (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
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
8
Units
7
Rooms
14
Lot
5.8 ac
Current owner
From public records · entity-resolved
Blakeanchors Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
701 ANCHORS ST NW, FORT WALTON BEACH, FL 32548-3868
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2025
—
Blakeanchors Properties LLC
Brj Investments INC
Warranty Deed
—
Jun 20, 2014
$150,000
Brj Investments INC
Drs Training & Control Systems
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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