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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Individual retail properties
1844 Cowen Rd Gulf Breeze, FL 32563-9579
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5227405
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2003
Construction
STEEL FRAME
Total area
9,792 SF
Lot
0.93 ac (40,600 SF)
Zoning code
M1
APN
19-2S-27-3440-00A00-0031
UPID
US18-5227405
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
-
Gulf Coast Gymnastics Gym & Fitness Center
-
Gulf Coast Elite Gymnastics Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.35M
Owner & transaction history
Gulf Coast Athletic Complex LLC · 3 yrs held
Gulf Coast Athletic Complex LLC
since 2022
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
M1 · Gulf Breeze, 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 Gulf Breeze submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Breeze 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
$1,115,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,280,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,205,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,055,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.50M (Sep 27 2022)
Last sale anchor
$1.50M
Sep 27 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
$138 / 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
$9,398
Tax year 2023
Assessed value
$669,074
Assessed 2023
Previous assessed
$524,305
+27.6% YoY
Effective rate
1.40%
On assessed value
Assessed land
$152,250
Assessed improvement
$516,824
Land market value
$152,250
Improvement market value
$516,824
Total market value
$669,074
Applied tax rate
14.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
1
Total area
9,792 SF
Lot
0.93 ac (40,600 SF)
Zoning code
M1
APN
19-2S-27-3440-00A00-0031
UPID
US18-5227405
Jurisdiction
SANTA ROSA
Zoning & alternative use
M1 · Gulf Breeze, FL
Zoning M1 · permitted uses
M1 · Gulf Breeze, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gulf Breeze. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RESTAURANT
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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Gulf Coast Athletic Complex LLC
Entity
Mailing address
13 SEASHORE DR, PENSACOLA BCH, FL 32561-2428
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2022
$1,500,000
Gulf Coast Athletic Complex LLC
Christopher C Hood
Warranty Deed
$1,200,000 · Transpecos Banks
May 10, 2007
$625,000
Christopher C Hood
Purple Heron LLC
Warranty Deed
$531,250 · Amsouth Bank
Mar 6, 2006
$555,000
Purple Heron LLC
Lyons,patrick J III & Terrie N
Warranty Deed
$435,000 · Bank Of Pensacola
Dec 23, 2003
—
Patrick J Lyons
—
Trustees Deed
related
$180,000 · Bank Of Pensacola
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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