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    Property profile & analytics

    2221 - 2223 S Ferdon Blvd Crestview, FL 32539

    • Strip malls
    • 23,496 SF
    • 2.04 lot acres
    For Lease
    View listing
    $28 SF/Yr
    Value Estimation
    $2,425,000
    Last Sale
    Jul 07, 2021
    $2,425,000
    Location Intelligence
    Property ID
    US18-3518319
    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

    • Smoothie King / Health Food Restaurant / Lunch Restaurant
    • Creative Juices Crafting Studio / Art Studio / Artistic Handicrafts
    • Pizza Hut / Chicken Wings Restaurant / Pizza Restaurant
    • Absolute Thai & Noodles Restaurant (Crestview) / Thai Restaurant

    Property Details for 2221 - 2223 S Ferdon Blvd

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.04 lot acres
    Property size
    23,496 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    20-3N-23-0000-0146-0050
    APU
    203N23000001460050

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,465,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,420,000
      6.5%
      $2,325,000
      7%
      $2,205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,130,000
      Geo Method
      $2,195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,360,000
      Retail
      $2,590,000
      Mixed-Use
      $2,415,000
      Hospitality
      $2,230,000
      Educational
      $2,695,000
      Residential Income
      $2,410,000
      Energy
      $2,035,000
      Income-Based Land
      $2,750,000
      Food Service
      $2,445,000

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5644
    Latitude
    30.7375
    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
    $34,286
    $825,872
    $1,293,480
    $2,119,352
    -
    $825,872
    $1,293,480
    $2,119,352

    Comparable in this City

    • Value Estimation by Request
      46,316 SF

      751 Ferdon Blvd

      SHOPPING CENTER, STRIP CENTER • 46,316 SF
      751 Ferdon Blvd, Crestview, FL 32536-2113
      View Details
    • Value Estimation
      $2,795,000
      13,650 SF

      3381 Ferdon Blvd

      SHOPPING CENTER, STRIP CENTER • 13,650 SF
      3381 Ferdon Blvd, Crestview, FL 32536-8484
      View Details
    • Value Estimation
      $300,000
      9,462 SF

      172 Woodruff Ave

      SHOPPING CENTER, STRIP CENTER • 9,462 SF
      172 Woodruff Ave, Crestview, FL 32536-3525
      View Details
    • Value Estimation
      $385,000
      6,000 SF

      625 Ferdon Blvd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      625 Ferdon Blvd, Crestview, FL 32536-2169
      View Details
    • Value Estimation
      $445,000
      7,875 SF

      648 Ferdon Blvd

      SHOPPING CENTER, STRIP CENTER • 7,875 SF
      648 Ferdon Blvd, Crestview, FL 32536-4240
      View Details
    • Value Estimation
      $585,000
      10,650 SF

      4381 Ferdon Blvd

      SHOPPING CENTER, STRIP CENTER • 10,650 SF
      4381 Ferdon Blvd, Crestview, FL 32536-5211
      View Details

    Similar Nearby for Sale

    • $1,400,000
      2,342 SF

      Crestview Exxon Gas Station

      Profitable Florida Gas Station, $1.4M
      698 Ferdon Blvd, Crestview, FL 32536
      View Details
    • $459,900
      4,200 SF

      Crestview Retail Investment Opportunity

      Multi-Tenant Retail Building, High Occupancy
      696 Wilson St, Crestview, FL 32536
      View Details
    • $1,000,000
      2,711 SF

      Crestview Retail Lots - High Traffic Area

      Prime 1.13-acre retail site, two buildings, high traffic counts.
      582 S ferdon boulevard, Crestview, FL 32536
      View Details
    • $400,000
      1,500 SF

      Auto Mechanic Shop on Highway

      Auto mechanic shop on 0.4 acres with highway frontage.
      835 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $350,000

      Retail Building with Two Units

      Retail building featuring two units, suitable for investment or owner-occupancy.
      194-192 N Main St, Crestview, FL 32536
      View Details
    • $1,400,000
      3,001 SF

      Crestview Gas Station - Prime Investment

      High-traffic location, strong ROI potential. Includes building & business.
      698 N Ferdon Boulevard, Crestview, FL 32536
      View Details

    Similar Nearby for Lease

    • 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
    • $22 SF/Yr
      2,100 SF

      Retail Space in Court Plaza

      Retail space for lease in Crestview, Florida shopping center.
      2221-2223 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $18 SF/Yr
      3,190 SF

      Crestview Retail Space For Lease

      High-traffic retail space in thriving Northview Plaza.
      751 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $20 SF/Yr
      2,003 SF

      Crestview Retail Space For Lease

      Prime 2,003 SF retail space in thriving Northview Plaza.
      751 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $20 SF/Yr
      1,187 SF

      Crestview Retail Space For Lease

      High-traffic retail space in thriving Northview Plaza.
      751 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $23 SF/Yr
      1,200 SF

      Crestview Retail Space - Suite 3060

      High-traffic retail space, excellent location.
      2535 2499 S Ferdon Blvd, Crestview, FL 32536
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      1.1k
    • Avg Time on site
      21 min
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    Crestview, FL 32539
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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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