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Property profile & analytics
OFF-MARKET
Estimated value
$5,370,000
Specialty properties
223 Redstone Ave Crestview, FL 32539-5373
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-7003543
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2016
Construction
STEEL FRAME
Total area
5,989 SF
Lot
2.53 ac (110,206 SF)
APN
28-3N-23-0000-0002-001A
UPID
US18-7003543
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
-
Fresenius Kidney Care Crestview Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.37M
Owner & transaction history
Kb,essential Healthcare 33 Dst Trust · 6 yrs held
Kb,essential Healthcare 33 Dst Trust
since 2020
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Crestview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crestview 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
$5,845,000
ML approach
$5,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.37M
Range $4.83M – $5.91M · ±10% · vs last sale $4.90M (May 22 2020)
Last sale anchor
$4.90M
May 22 2020
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
$897 / 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
$26,227
Tax year 2023
Assessed value
$2,861,985
Assessed 2023
Previous assessed
$2,752,040
+4.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$426,368
Assessed improvement
$2,435,617
Land market value
$426,368
Improvement market value
$2,435,617
Total market value
$2,861,985
Applied tax rate
1.0000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
18
Total area
5,989 SF
Lot
2.53 ac (110,206 SF)
APN
28-3N-23-0000-0002-001A
UPID
US18-7003543
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
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
18
Lot
2.53 ac
Current owner
From public records · entity-resolved
Kb,essential Healthcare 33 Dst Trust
Trust
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2020
$4,000
Kb,essential Healthcare 33 Dst Trust
Salt & Water Club 2 LLC
Grant Deed
—
Jun 5, 2019
—
Salt & Water Club II LLC
—
Deed
related
$1,913,863 · Synovus Bk
Oct 21, 2014
$380,000
Salt & Water Club II LLC
Tasc1 Properties LLC
Warranty Deed
$304,000 · Summit Bank NA
May 13, 2010
—
Zachos Life Insurance Trust
Zachos,thomas D
Quit Claim Deed
related
—
May 3, 2006
$41,200
Thomas D Zachos
Zachos,thomas D
Warranty Deed
related
—
Apr 22, 2004
$170,000
Thomas Zachos
Porterfield,clyde & Josephine
Grant Deed
$153,000 · Trustmark National Bank
—
—
Salt & Water Club II LLC
—
Deed Of Trust
related
$1,913,863 · Synovus Bk
—
—
Salt & Water Club II LLC
—
Deed Of Trust
related
$1,225,000 · Coastal Bk&tr
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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