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    Property profile & analytics

    223 Redstone Ave Crestview, FL 32539-5373

    • Specialty properties
    • 5,989 SF
    • 2.53 lot acres
    OFF-MARKET
    Value Estimation
    $5,485,000
    Last Sale
    May 22, 2020
    $4,900,000
    Location Intelligence
    Property ID
    US18-7003543
    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

    • Fresenius Kidney Care Crestview / Dialysis Center

    Property Details for 223 Redstone Ave

    Year built
    2016
    Construction
    STEEL FRAME
    Lot size
    2.53 lot acres
    Property size
    5,989 SF
    Property type
    Specialty properties
    APN
    28-3N-23-0000-0002-001A
    APU
    283N2300000002001A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,845,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,285,000
      6.5%
      $4,575,000
      7%
      $4,575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,155,000
      Geo Method
      $4,320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,435,000
      Retail
      $4,210,000
      Mixed-Use
      $5,355,000
      Hospitality
      $5,140,000
      Educational
      $5,175,000
      Residential Income
      $5,015,000
      Energy
      $5,490,000
      Income-Based Land
      $4,405,000
      Food Service
      $4,750,000

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5589
    Latitude
    30.7362
    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
    $26,227
    $426,368
    $2,435,617
    $2,861,985
    -
    $426,368
    $2,435,617
    $2,861,985

    Comparable in this City

    • Value Estimation
      $8,005,000
      8,934 SF

      214 Covell Rd

      VETERINARY, ANIMAL HOSPITAL • 8,934 SF
      214 Covell Rd, Crestview, FL 32539-6060
      View Details
    • Value Estimation
      $490,000
      6,891 SF

      194 Redstone Ave

      VETERINARY, ANIMAL HOSPITAL • 6,891 SF
      194 Redstone Ave, Crestview, FL 32539-5368
      View Details
    • Value Estimation by Request
      8,415 SF

      120 Redstone Ave

      VETERINARY, ANIMAL HOSPITAL • 8,415 SF
      120 Redstone Ave, Crestview, FL 32539-5370
      View Details
    • Value Estimation by Request
      1,189 SF

      1374 Chestnut Ave

      CHARITABLE ORGANIZATION • 1,189 SF
      1374 Chestnut Ave, Crestview, FL 32539-7389
      View Details
    • Value Estimation
      $235,000
      4,220 SF

      105 John King Rd

      CHARITABLE ORGANIZATION • 4,220 SF
      105 John King Rd, Crestview, FL 32539-8307
      View Details
    • Value Estimation by Request

      1299 Industrial Dr

      Medical offices
      1299 Industrial Dr, Crestview, FL 32539
      View Details

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    Similar Nearby for Lease

    • $3,500 /Mo
      1,590 SF

      Retail Space with Large Lot

      Retail property for rent with highway frontage and large lot.
      488 E James Lee Blvd, Crestview, FL 32539
      View Details
    • $0.08 SF/Yr
      3,000 SF

      710 Hospital Drive Office Space

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      View Details
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      Office space featuring private offices, conference room, and storage.
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      View Details
    • $25,000
      8,934 SF

      Crestview Office Space Available

      Large Office Space for Lease in Crestview, FL
      214 Covell Rd, Crestview, FL 32539
      View Details
    • $1,500 /Mo
      1,356 SF

      Crestview Home with Yard Space

      Three-bedroom Crestview home featuring new flooring, appliances, and yard.
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      View Details
    • $2,500 /Mo
      1,500 SF

      Crestview Office Space - 1500 SF

      Modern Office Suite, Prime Location
      100 Premier Dr, Crestview, FL 32539
      View Details
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    Crestview, FL 32539-5373
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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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