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Property profile & analytics
FOR LEASE
Manufacturing properties
200 Hart St, Niceville, FL 32578
Entity Owned
~
Est. High Equity
Property ID
US18-2797349
For Lease
1 / 68
$25,000 SF/Yr
200 Hart St, Niceville, FL 32578
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Property summary
AI-generated overview
This exceptional 2.06-acre commercial property at 200 Hart Street, Niceville, Florida, presents a unique investment opportunity. Built in 2008, the three-story building boasts a meticulously designed and maintained structure, offering immediate revenue generation for an end-user. Its versatile layout includes a spacious workshop, substantial warehouse area, attractive showroom, well-appointed offices, and a generous laydown yard. Ample parking is available on-site. The building's functionality is further enhanced by four semi-trailer loading docks, six ground-level access doors, a convenient elevator, and a backup generator safeguarding the IT/server room. This ensures business continuity and operational efficiency. The property's scale is unmatched in the local market, providing significant potential for growth and expansion. Detailed building plans are accessible upon request. Serious inquiries are encouraged. Please note that a minimum two-day notice is required for showings.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2008
Construction
STEEL FRAME
Total area
48,290 SF
Lot
2.06 ac (89,733 SF)
APN
01-1S-23-0000-0001-0010
UPID
US18-2797349
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
-
The Legacy Cabinet Company Hardware & Home Improvement Furniture & Home Goods
-
PEX USA Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.85M
Comparable Approach
Comparable
$4.97M
Blend (final)
Blend
$3.79M
Owner & transaction history
Cole Properties & Land LLC
Cole Properties & Land LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.4M
+8.8%
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 Niceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niceville 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%
$4,165,000
6.5%
$3,845,000
7%
$3,570,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,985,000
Current use
WAREHOUSE, STORAGE
$5,425,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$3.79M
Range $3.41M – $4.16M · ±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
$78 / 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
$26,196
Tax year 2023
Assessed value
$1,965,038
Assessed 2023
Previous assessed
$1,880,040
+4.5% YoY
Effective rate
1.33%
On assessed value
Assessed land
$311,067
Assessed improvement
$1,653,971
Land market value
$311,067
Improvement market value
$1,653,971
Total market value
$1,965,038
Applied tax rate
6.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
3
Rooms
13
Total area
48,290 SF
Lot
2.06 ac (89,733 SF)
APN
01-1S-23-0000-0001-0010
UPID
US18-2797349
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$5.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
3
Rooms
13
Lot
2.06 ac
Current owner
From public records · entity-resolved
Cole Properties & Land LLC
Entity
Mailing address
200 HART ST, NICEVILLE, FL 32578-1037
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
Cole Properties & Land LLC
200 Hart Street LLC
Special Warranty Deed
—
Jan 30, 2026
$2,500,000
200 Hart Street LLC
Boggy Bayou Real Estate Holdings In
Warranty Deed
—
May 17, 2022
—
Boggy Bayou Real Estate Holdings In
—
Deed
related
$7,000,000 · Whitney Bank
Jun 15, 2017
$220,000
Boggy Bayou Real Estate Holdings In
S & A Of Nwfl LLC
Warranty Deed
$1,870,000 · Hancock Bank
Dec 16, 2008
—
Inter Immobilien LLC
Korecki,joerg
Quit Claim Deed
related
—
Jan 10, 2008
$3,500,000
Hart Street North LLC
Korecki,joerg
Warranty Deed
$3,150,000 · First National Bank Crestview
Dec 16, 2004
$550,000
Joerg Korecki
Hofmann,gerhard
Deed Of Trust
related
$1,500,000 · Landesbank Baden-wuttemberg
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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