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    196 W Pine Ave Crestview, FL 32536
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    Property profile & analytics

    196 W Pine Ave Crestview, FL 32536

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    • Investment properties
    • 5,368 SF
    • 0.06 lot acres
    For Sale
    $789,000
    View Listing →
    Historic Crestview Building For Sale For Sale
    $789,000
    5,000 SF

    Historic Crestview Building For Sale

    Charming 5,000 SF building in Crestview, zoned C-1.

    196 W Pine Ave, Crestview, FL 32536
    View Listing
    Property ID
    US18-3238760
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 196 W Pine Ave

    Year built
    1936
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Property size
    5,368 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    17-3N-23-2490-0050-00H0
    APU
    173N232490005000H0

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $584,000
      Market price range: $584k - $1.42M
      AI Estimate
      $452,000
      Market price range: $452k - $1.29M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $950,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $840,000
      Change: -11% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $830,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.573
    Latitude
    30.7606
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, 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
    $2,034
    $13,198
    $112,502
    $125,700
    -
    $13,198
    $112,502
    $125,700

    Comparable in this City

    • Value Estimation by Request
      2,790 SF

      205 Pne Ave

      STORE/OFFICE (MIXED USE) • 2,790 SF
      205 Pne Ave, Crestview, FL 32536-3423
      View Details
    • Value Estimation
      $640,000
      6,020 SF

      366 Main St

      STORE/OFFICE (MIXED USE) • 6,020 SF
      366 Main St, Crestview, FL 32536-3739
      View Details
    • Value Estimation by Request
      3,828 SF

      301 Hickory Ave

      STORE/OFFICE (MIXED USE) • 3,828 SF
      301 Hickory Ave, Crestview, FL 32536-2737
      View Details
    • Value Estimation
      $890,000
      5,623 SF

      150 Duggan Ave

      STORE/OFFICE (MIXED USE) • 5,623 SF
      150 Duggan Ave, Crestview, FL 32536-4812
      View Details
    • Value Estimation by Request
      4,312 SF

      198 Wilson St

      STORE/OFFICE (MIXED USE) • 4,312 SF
      198 Wilson St, Crestview, FL 32536-3436
      View Details
    • Value Estimation by Request
      2,064 SF

      593 James Lee Blvd

      STORE/OFFICE (MIXED USE) • 2,064 SF
      593 James Lee Blvd, Crestview, FL 32536-5128
      View Details

    Similar Nearby for Sale

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      3,001 SF

      Crestview Gas Station - Prime Investment

      High-traffic location, strong ROI potential. Includes building & business.
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      Crestview Office Building - Prime Location

      Versatile 2,863 SF Office Space, Ideal for Multiple Uses
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      Crestview Office Building - $350K

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    • $1,000,000
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      Crestview Retail Lots - High Traffic Area

      Prime 1.13-acre retail site, two buildings, high traffic counts.
      582 S ferdon boulevard, Crestview, FL 32536
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    • $475,000

      Iconic Building in Downtown Crestview

      Iconic building with exceptional visibility and endless business potential.
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      Half Acre Vacant Land

      Cleared, flat half-acre lot, ideal for new home construction.
      000 Lake Silver Rd, Crestview, FL 32536
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    Similar Nearby for Lease

    • $16 SF/Yr
      5,492 SF

      Versatile Commercial Space on Ferdon

      Flexible retail/office space with showroom, offices, kitchen, and storage.
      535 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $15 SF/Yr
      4,590 SF

      Downtown Crestview Office Space For Lease

      Prime 4,590 SF office/medical space available.
      250 W Pine Ave, Crestview, FL 32536
      View Details
    • $34 SF/Yr
      1,250 SF

      Crestview Retail Pad Site Lease

      1,250 SF Curb-In Pad, Drive-Thru Ready
      352 W James Lee Blvd, Crestview, FL 32536
      View Details
    • Contact for pricing

      Retail Space on Ferdon Boulevard

      Sublease opportunity with high visibility in Crestview, Florida.
      2503 South Ferdon Blvd, Crestview, FL 32536
      View Details
    • $2,000 /Mo
      2,304 SF

      Commercial Space on Hwy 90

      Commercial space with high visibility on Hwy 90.
      426 W James Lee Blvd, Crestview, FL 32536
      View Details
    • $16,800 /Mo
      15,110 SF

      Retail and Restaurant Spaces Available

      Pre-leasing retail and restaurant spaces in Crestview, Florida.
      352 W Hwy 90 Blvd, Crestview, FL 32536
      View Details

    Property Visit Statistics

    • Visits by month
      989
    • Visitors by month
      651
    • Avg Time on site
      37 min
    View Listing
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    Crestview, FL 32536
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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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