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    Property profile & analytics

    202 Racetrack Rd Ft Walton Beach, FL 32547

    • Auto shops
    • 5,504 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    $590,000
    Last Sale
    Mar 01, 2024
    $595,000
    Location Intelligence
    Property ID
    US18-4897068
    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

    • Ma's Ice Cream & Arcade / Ice Cream Shop
    • Fort SK8 Family Fun Center / Roller Skating Rink / Amusement Center
    • AAMCO Transmissions & Total Car Care / Transmission Shop / Auto Repair Shop

    Property Details for 202 Racetrack Rd

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    0.65 lot acres
    Property size
    5,504 SF
    Property type
    Auto shops
    APN
    01-2S-24-2470-0008-0020
    APU
    012S24247000080020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $595,000

    • CAP approach

      CAP return
      Estimation
      6%
      $670,000
      6.5%
      $625,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $520,000
      Geo Method
      $565,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $570,000
      Retail
      $625,000
      Mixed-Use
      $675,000
      Hospitality
      $655,000
      Educational
      $520,000
      Residential Income
      $530,000
      Energy
      $545,000
      Income-Based Land
      $565,000
      Food Service
      $610,000

    Location Insight

    • Map
    • Local Demand
    City
    Ft Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6075
    Latitude
    30.4469
    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
    $6,900
    $306,479
    $250,878
    $557,357
    -
    $306,479
    $250,878
    $557,357

    Comparable in this City

    • Value Estimation by Request
      2,930 SF

      803 Oakridge Rd

      AUTO REPAIR, GARAGE • 2,930 SF
      803 Oakridge Rd, Fort Walton Beach, FL 32547-2038
      View Details
    • Value Estimation by Request
      2,640 SF

      516 Scott Ln

      AUTO REPAIR, GARAGE • 2,640 SF
      516 Scott Ln, Fort Walton Beach, FL 32547-2136
      View Details
    • Value Estimation by Request
      2,400 SF

      201 Lang Rd

      AUTO REPAIR, GARAGE • 2,400 SF
      201 Lang Rd, Fort Walton Beach, FL 32547-3120
      View Details
    • Value Estimation by Request
      9,760 SF

      2 Ft Walton Bch

      Automotive properties • 9,760 SF
      2 Ft Walton Bch, Fort Walton Beach, FL 32547
      View Details
    • Value Estimation
      $230,000
      3,456 SF

      311 Dee St

      AUTO REPAIR, GARAGE • 3,456 SF
      311 Dee St, Fort Walton Beach, FL 32547
      View Details
    • Value Estimation
      $540,000
      7,596 SF

      108 Patrick Dr

      AUTO REPAIR, GARAGE • 7,596 SF
      108 Patrick Dr, Fort Walton Beach, FL 32547-6766
      View Details

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    Similar Nearby for Lease

    • $1.00 SF/Yr

      Fort Walton Beach Retail Space

      Retail space available for rent in Fort Walton Beach.
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      Beltway Plaza Restaurant Space

      High-traffic, 1,540 sq ft restaurant space.
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      1,040 SF

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      Office/retail space near Hurlburt Field with high traffic count.
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      View Details
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    Ft Walton Beach, FL 32547
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    Realmo Value Estimation

    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.

    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.

    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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