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Property profile & analytics
OFF-MARKET
Estimated value
$12,445,000
Warehouses
17005 Emerald Coast Pkwy Destin, FL 32541-3344
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1036540
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,545 SF
Lot
2.34 ac (101,840 SF)
APN
00-2S-22-0000-0001-A13E
UPID
US18-1036540
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
-
Avid Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.39M
CAP Approach
CAP
$12.93M
Comparable Approach
Comparable
$15.34M
Blend (final)
Blend
$12.45M
Owner & transaction history
Move It Fund II Destin LLC · 4 yrs held
Move It Fund II Destin LLC
since 2022
Last sale
$11.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.1M
+58.0%
Office building
$16.1M
+49.1%
Neighborhood: shopping center
$12.6M
+16.4%
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
$12,635,000
ML approach
$10,385,000
CAP Approach
CAP Return
Estimation
6%
$14,005,000
6.5%
$12,930,000
7%
$12,005,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,830,000
Current use
RESTAURANT
$17,110,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$16,145,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,605,000
Change: +16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,420,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$12.45M
Range $11.20M – $13.69M · ±10% · vs last sale $11.63M (Jul 11 2022)
Last sale anchor
$11.63M
Jul 11 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
$155 / 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
$95,613
Tax year 2023
Assessed value
$8,994,507
Assessed 2023
Previous assessed
$8,441,016
+6.6% YoY
Effective rate
1.06%
On assessed value
Assessed land
$2,102,625
Assessed improvement
$6,891,882
Land market value
$2,102,625
Improvement market value
$6,891,882
Total market value
$8,994,507
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Stories
3
Rooms
4
Total area
80,545 SF
Lot
2.34 ac (101,840 SF)
APN
00-2S-22-0000-0001-A13E
UPID
US18-1036540
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
$10.8M
RESTAURANT
Est. value
$17.1M
OFFICE BUILDING
Est. value
$16.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.6M
AUTO REPAIR, GARAGE
Est. value
$12.4M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
4
Lot
2.34 ac
Current owner
From public records · entity-resolved
Move It Fund II Destin LLC
Entity
Mailing address
8350 N CENTRAL EXPY STE #430, DALLAS, TX 75206-1651
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2022
$11,625,300
Move It Fund II Destin LLC
Mh Destin Storage LLC
Special Warranty Deed
$1,410,000 · Third Coast Bank Ssb
Mar 11, 2019
—
Mh Destin Storage LLC
—
Deed
related
$1,497,500 · First Fl Bk
Feb 23, 2018
$2,995,000
Mh Destin Storage LLC
Forty Four Investments LLC
Warranty Deed
$1,497,500 · First Florida Bank
Dec 18, 2012
$4,250,000
World Choice Investments LLC
Wilbur Adams Ents INC
Warranty Deed
—
Jun 1, 2012
$300,000
Sands Jv Ptrs Silver
Mcs Investments Of Florida INC
Warranty Deed
—
Jun 1, 2012
—
Mcs Investments Of Florida INC
Silver Sands Jv Ptrs II
Grant Deed
related
—
May 25, 2010
$825,000
Sands Equity Investors Silver
Silver Sands Jv Ptrs
Warranty Deed
—
Jun 15, 2009
—
Sands Jv Partners Silver II
Wilbur Adams Ents INC
Warranty Deed
—
Jun 12, 2009
$96,300
Danna S Barnes
Wilbur Adams Ents INC
Warranty Deed
—
Jun 12, 2009
—
Michael J Barnes
Wilbur Adams Ents INC
Warranty Deed
—
Jun 12, 2009
$110,000
Earnest D Polk
Wilbur Adams Ents INC
Warranty Deed
—
Jun 8, 2009
—
Bobby R Murphy
Wilbur Adams Ents INC
Warranty Deed
—
Jun 8, 2009
$220,000
D Brannon Culpepper
Wilbur Adams Ents INC
Warranty Deed
—
Jun 8, 2009
$110,000
Lundy Gynelle J Trust
Wilbur Adams Ents INC
Warranty Deed
—
Jun 8, 2009
$275,000
Margaret A Lee
Wilbur Adams Ents INC
Warranty Deed
—
—
—
Mh Destin Storage LLC
—
Loan Modification
related
$1,497,500 · First Fl Bk
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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