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Property profile & analytics
FOR LEASE
Community centers
1550 Highway 29 South Cantonment, FL 32533
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-2085268
For Lease
1 / 2
$5,155,000
1550 Highway 29 South, Cantonment, FL 32533
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
48,354 SF
Lot
7.8 ac (339,768 SF)
Zoning code
HC/LI
APN
14-1N-31-1007-002-011
UPID
US18-2085268
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
-
Subway Take-out & Catering
-
Winn-Dixie Pharmacy Grocery & Convenience Store Food Market
-
Cardtronics ATM Atm
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Primo Water Refill Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.16M
Blend (final)
Blend
$5.16M
Owner & transaction history
29 North Investors LLC · 15 yrs held
29 North Investors LLC
since 2010
3 recorded transactions
Zoning & alternative use
HC/LI · Cantonment, FL
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 Cantonment submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cantonment 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
NEIGHBORHOOD: SHOPPING CENTER
$7,300,000
Current use
AUTO REPAIR, GARAGE
$6,790,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$6,495,000
Change: -11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,430,000
Change: -12% · Conversion: Easy
RETAIL STORES
$6,040,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$5.16M
Range $4.64M – $5.67M · ±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
$107 / 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
$45,208
Tax year 2023
Assessed value
$3,196,550
Assessed 2023
Previous assessed
$3,151,562
+1.4% YoY
Effective rate
1.41%
On assessed value
Land market value
$560,025
Improvement market value
$2,636,525
Total market value
$3,196,550
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
9
Total area
48,354 SF
Lot
7.8 ac (339,768 SF)
Zoning code
HC/LI
APN
14-1N-31-1007-002-011
UPID
US18-2085268
Jurisdiction
ESCAMBIA
Zoning & alternative use
HC/LI · Cantonment, FL
Zoning HC/LI · permitted uses
HC/LI · Cantonment, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cantonment. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.4M
RETAIL STORES
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
9
Lot
7.8 ac
Current owner
From public records · entity-resolved
29 North Investors LLC
Entity
Mailing address
240 BROOKSTONE CTR PKWY, COLUMBUS, GA 31904-2974
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
—
29 North Investors LLC
—
Grant Deed
related
$16,000,000 · Hancock Whitney Bk
Aug 20, 2010
$3,224,300
29 North Investors LLC
Cantonment Partners Ltd
Grant Deed
$2,685,000 · Capital One
—
—
29 North Investors LLC
—
Deed Of Trust
related
$15,500,000 · Basis Real Estate Cap II LLC
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?”
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