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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Turn key restaurants
172 Hbr Blvd Destin, FL 32541-7344
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2658099
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2015
Construction
STEEL FRAME
Total area
16,976 SF
Lot
0.59 ac (25,641 SF)
APN
00-2S-22-0630-0000-07I1
UPID
US18-2658099
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
-
TAILFINS Destin Tiki Tours @ Crab Island (Bike/Boat/Book/etc) Store
-
LibertyX Bitcoin ATM Atm
-
Tailfins Waterfront Grill Restaurant
-
Tailfins Sushi & Raw Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$995k
Blend (final)
Blend
$1.12M
Owner & transaction history
Jmf Destin Land Development LLC · 1 yrs held
Jmf Destin Land Development LLC
since 2025
7 recorded transactions
Zoning & alternative use
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 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
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±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
$66 / 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
$19,600
Tax year 2023
Assessed value
$1,641,244
Assessed 2023
Previous assessed
$1,581,664
+3.8% YoY
Effective rate
1.19%
On assessed value
Assessed land
$802,832
Assessed improvement
$838,412
Land market value
$802,832
Improvement market value
$838,412
Total market value
$1,641,244
Applied tax rate
10.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
15
Bathrooms
2
Total area
16,976 SF
Lot
0.59 ac (25,641 SF)
APN
00-2S-22-0630-0000-07I1
UPID
US18-2658099
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
Building & site characteristics
From public records
Year built
2015
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
15
Bathrooms
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Jmf Destin Land Development LLC
Entity
Mailing address
3229 AUDREY DR, CRESTVIEW, FL 32539-7217
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
$3,500,000
Jmf Destin Land Development LLC
Dixie Lady LLC
Special Warranty Deed
—
Nov 21, 2016
—
Jmf Destin Harbor Dev LLC
—
Deed
related
$2,445,188 · Centennial Bk
Feb 4, 2014
$2,800,000
Dixie Lady LLC
Davis Companies LLC
Warranty Deed
—
Nov 2, 2005
$5,100,000
Davis Companies LLC
Moody,thomas G JR & Carol J
Warranty Deed
$3,000,000 · Moody Carol J Trust 006329
—
—
Jmf Destin Harbor Dev LLC
—
Deed Of Trust
related
$1,522,071 · Centennial Bk
—
—
Jmf Destin Harbor Dev LLC
—
Deed Of Trust
related
$2,174,388 · Centennial Bk
—
—
Davis Companies LLC
—
Deed Of Trust
related
—
—
—
Jmf Destin Harbor Dev LLC
—
Deed Of Trust
related
$2,445,188 · Centennial Bk
—
—
Moody Carol J Trust
—
Deed Of Trust
related
$500,000 · Davis Heritage Gp Holdings 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.
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