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Property profile & analytics
OFF-MARKET
Medical Office Space
1796 Navarre By The Sound Cir Navarre, FL 32566-5103
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-3695136
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
2,959 SF
Lot
0.32 ac (13,755 SF)
Zoning code
HCD
APN
21-2S-26-2745-00200-00A0
UPID
US18-3695136
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1796 Nsc LLC · 9 yrs held
1796 Nsc LLC
since 2017
6 recorded transactions
Zoning & alternative use
HCD · Navarre, 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 Navarre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Navarre 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,312
Tax year 2023
Assessed value
$616,562
Assessed 2023
Previous assessed
$493,181
+25.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$223,125
Assessed improvement
$393,437
Land market value
$223,125
Improvement market value
$393,437
Total market value
$616,562
Applied tax rate
12.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
9
Bathrooms
2
Total area
2,959 SF
Lot
0.32 ac (13,755 SF)
Zoning code
HCD
APN
21-2S-26-2745-00200-00A0
UPID
US18-3695136
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Navarre, FL
Zoning HCD · permitted uses
HCD · Navarre, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Navarre. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
1796 Nsc LLC
Entity
Mailing address
11275 US HWY 98TH 6TH W STE #6, MIRAMAR BEACH, FL 32550-6935
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2017
$425,000
1796 Nsc LLC
Brett H Baird
Warranty Deed
$34,000 · First Partners Bank
Aug 21, 2008
$272,300
Brett H Baird
Baird Chiropractic Center INC
Warranty Deed
$279,000 · Bank Of Pensacola
Sep 13, 2002
—
Baird Chiropractic Center INC
—
Trustees Deed
related
$243,500 · Whitney National Bank
May 17, 2000
$77,500
Baird Chiropractic Center INC
Medical Professional Agency In
Grant Deed
$68,000 · First City Bank Florida
—
—
Baird,brett H
—
Deed Of Trust
related
$60,000 · Synovus Bank
—
—
Baird Chiropractic Center INC
—
Deed Of Trust
related
$50,000 · Whitney National Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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