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    Property profile & analytics

    1899 Reserve Blvd Gulf Breeze, FL 32563-7008

    • Apartment buildings
    • 3,115 SF
    • 14.28 lot acres
    OFF-MARKET
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2007122
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Indoff Inc / (Bike/Boat/Book/etc) Store
    • The Greystone Reserve Apartments / Apartment Building
    • Traveling Guitarist / Training Center / Tutoring Service

    Property Details for 1899 Reserve Blvd

    Year built
    2001
    Construction
    WOOD FRAME
    Lot size
    14.28 lot acres
    Property size
    3,115 SF
    Zone code
    PBD
    Property type
    Apartment buildings
    APN
    21-2S-27-0000-00107-0000
    APU
    212S270000001070000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $820,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Breeze
    County
    Santa Rosa
    State
    Florida
    Longitude
    -86.9576
    Latitude
    30.4058
    CBSA code
    37860
    CBSA name
    PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $188,705
    $1,763,900
    $16,840,547
    $18,604,447
    -
    $1,763,900
    $16,840,547
    $18,604,447

    Comparable in this City

    • Value Estimation
      $855,000
      4,930 SF

      1900 Reserve Blvd

      APARTMENT HOUSE (5+ UNITS) • 4,930 SF
      1900 Reserve Blvd, Gulf Breeze, FL 32563-7088
      View Details
    • Value Estimation by Request
      840 SF

      1526 Magnolia Mnr Dr

      CAMPGROUND, RV PARK • 840 SF
      1526 Magnolia Mnr Dr, Gulf Breeze, FL 32563-5917
      View Details
    • Value Estimation by Request
      588 SF

      1522 Magnolia Mnr Dr

      CAMPGROUND, RV PARK • 588 SF
      1522 Magnolia Mnr Dr, Gulf Breeze, FL 32563-5918
      View Details
    • Value Estimation by Request

      7.6 Acres Land Pending Sale in Gulf Breeze Parkway Hwy 98 by Publix at Tiger Point

      7.6 Acres Land Pending Sale in Gulf Breeze Parkway Hwy 98 by Publix at Tiger Point
      3863 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • Value Estimation by Request

      2.0 AC Land For Sale - Gulf Breeze Pkwy

      2.0 AC Land For Sale - Gulf Breeze Pkwy
      4970 Gulf Breeze Parkway, Gulf Breeze, FL 32563
      View Details
    • Value Estimation by Request
      10,300 SF

      4108 Gulf Breeze Pkwy

      Coworking space • 10,300 SF
      4108 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details

    Similar Nearby for Sale

    • $5,500,000
      4.60 Acres

      Gulf Breeze Waterfront Development Opportunity

      4.6-acre property with 90 lots in a waterfront community.
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    • $400,000
      0.28 Acres

      Sound Front Lot in Quayside

      Cleared lot ready for custom home in Gulf Breeze.
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    • $2,650,000
      7.73 Acres

      Prime Gulf Breeze Acreage

      7.73 acres zoned for retail, office, and multi-family.
      5601 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
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    • $1,150,000
      0.98 Acres

      Waterfront Land on Soundside Drive

      Rare 0.94-acre waterfront lot with 191 feet of frontage.
      5161 Soundside Dr, Gulf Breeze, FL 32563
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      2,591 SF

      Gulf Breeze Retail/Office Space

      Retail or office space with ample parking and high visibility.
      2558 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • Contact for pricing
      7,000 SF

      Land Near New Development

      Commercial land available across from new grocery-anchored shopping center.
      6273 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • $19 SF/Yr
      2,300 SF

      Gulf Breeze Parkway Office/Retail Space

      Prime Gulf Breeze location, 2300 sq ft, ample parking.
      2558 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • $17 SF/Yr
      2,000 SF

      Professional Office Space Available

      Well-maintained office space suitable for various professional uses.
      4657 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • Contact for pricing
      1,225 SF

      Highway Frontage Office/Retail Space

      Office/Retail space with high visibility and excellent location on Hwy 98.
      4100-4110 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
    • $26 SF/Yr
      1,550 SF

      Retail Space in Gulf Breeze

      Prime retail space with high visibility and ample parking.
      3707-3733 Gulf Breeze Pkwy, Gulf Breeze, FL 32563
      View Details
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    1899 Reserve Blvd
    Gulf Breeze, FL 32563-7008
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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