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Property profile & analytics
OFF-MARKET
Estimated value
$6,340,000
Strip malls
16055 Emerald Coast Pkwy Destin, FL 32541-3351
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-3443322
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
STEEL FRAME
Total area
28,734 SF
Lot
1.38 ac (60,000 SF)
APN
00-2S-22-0000-0001-A130
UPID
US18-3443322
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
-
Palm Beach Tan Tanning Salon
-
Club Sun Tanning Salon Tanning Salon
-
Clear Vision EyeCare Associates, LLC Physician
-
Wave ice cream & coffee Cafe & Coffee Shop
-
GameStop Arcade & Gaming Center Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.74M
Blend (final)
Blend
$6.34M
Owner & transaction history
Centercore Destin LLC · 8 yrs held
Centercore Destin LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.2M
+126.9%
Commercial (general)
$8.0M
+78.4%
Restaurant
$6.1M
+35.7%
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 Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin 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
$4,495,000
Current use
RETAIL STORES
$10,205,000
Change: +127% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,025,000
Change: +78% · Conversion: Easy
RESTAURANT
$6,105,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$5,760,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,430,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,865,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.34M
Range $5.71M – $6.97M · ±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
$221 / 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
$45,890
Tax year 2023
Assessed value
$4,316,933
Assessed 2023
Previous assessed
$4,521,257
-4.5% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,126,125
Assessed improvement
$3,190,808
Land market value
$1,126,125
Improvement market value
$3,190,808
Total market value
$4,316,933
Applied tax rate
9.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
38
Total area
28,734 SF
Lot
1.38 ac (60,000 SF)
APN
00-2S-22-0000-0001-A130
UPID
US18-3443322
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.5M
RETAIL STORES
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$8.0M
RESTAURANT
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
38
Lot
1.38 ac
Current owner
From public records · entity-resolved
Centercore Destin LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1569 SHERMAN AVE STE 201D, EVANSTON, IL 60201-4486
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2017
$6,250,000
Centercore Destin LLC
Destin Land Co LLC
Grant Deed
—
Jun 2, 2000
$1,500,000
Destin City (fl)
Destin Beach INC
Grant Deed
related
—
Jul 30, 1999
$436,700
Destin Land Co LLC
Mattie M Kelly Estate
Grant Deed
$380,000 · Vanguard Bank & Trust Co
May 1, 1996
$144,900
Everett A Adkins
Shalimar Development Corp
Grant Deed
$137,650 · Access Mortgage
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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