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Property profile & analytics
OFF-MARKET
Estimated value
$8,795,000
Grocery and convenience stores
2250 Ferdon Blvd 62 Crestview, FL 32536-8457
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-1929337
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
51,544 SF
Lot
6.34 ac (276,293 SF)
APN
20-3N-23-0000-0151-0010
UPID
US18-1929337
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
-
City National Bank - Presto ATM Bank Loan Service
-
higi Physician
-
Primo Water Refill Big Box & Wholesale Store
-
Presto! ATM at Publix Super Market Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.40M
Comparable Approach
Comparable
$8.52M
Blend (final)
Blend
$8.80M
Owner & transaction history
Psm Bent Creek LLC · 8 yrs held
Psm Bent Creek LLC
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.0M
+68.2%
Commercial (general)
$9.1M
+39.9%
Neighborhood: shopping center
$8.1M
+23.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,350,000
6.5%
$11,400,000
7%
$10,585,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,510,000
Current use
RESTAURANT
$10,950,000
Change: +68% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,110,000
Change: +40% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,065,000
Change: +24% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,950,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,850,000
Change: -10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,325,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$8.80M
Range $7.92M – $9.67M · ±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
$171 / 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
$67,232
Tax year 2023
Assessed value
$4,155,824
Assessed 2023
Previous assessed
$3,902,646
+6.5% YoY
Effective rate
1.62%
On assessed value
Assessed land
$1,353,901
Assessed improvement
$2,801,923
Land market value
$1,353,901
Improvement market value
$2,801,923
Total market value
$4,155,824
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Buildings
2
Stories
1
Rooms
18
Total area
51,544 SF
Lot
6.34 ac (276,293 SF)
APN
20-3N-23-0000-0151-0010
UPID
US18-1929337
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
RETAIL STORES Current
Est. value
$6.5M
RESTAURANT
Est. value
$11.0M
COMMERCIAL (GENERAL)
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$8.0M
WAREHOUSE, STORAGE
Est. value
$5.9M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
18
Lot
6.34 ac
Current owner
From public records · entity-resolved
Psm Bent Creek LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2018
$10,500,000
Psm Bent Creek LLC
Johnson Farms LLC
Grant Deed
—
Jul 31, 2002
$5,325,000
Rsj Crestview LLC
Blackcave Vii LLC
Grant Deed
$3,745,500 · Principal Life Insurance Co
Oct 22, 2001
$500,000
Vanguard Bank & Trust Co
Blocker,kenneth W
Grant Deed
related
—
Jul 28, 2000
$1,300,000
Blackcave Vii LLC
Brunos Supermarkets INC
Grant Deed
$4,200,000 · Amsouth Bank
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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