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    Property profile & analytics

    227 Carol NW Ave Fort Walton Beach, FL 32548-4009

    • Specialty properties
    • 10,704 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimation
    $3,795,000
    Last Sale
    Nov 19, 2021
    $3,500,000
    Location Intelligence
    Property ID
    US18-5590357
    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

    • Chipotle Mexican Grill / Mexican Restaurant / Caterer

    Property Details for 227 Carol NW Ave

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.20 lot acres
    Property size
    10,704 SF
    Property type
    Specialty properties
    APN
    09-2S-24-1860-0007-0040
    APU
    092S24186000070040

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,105,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,840,000
      6.5%
      $3,485,000
      7%
      $3,205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,795,000
      Geo Method
      $3,330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,890,000
      Retail
      $3,420,000
      Mixed-Use
      $3,285,000
      Hospitality
      $3,295,000
      Educational
      $3,090,000
      Residential Income
      $3,490,000
      Energy
      $3,655,000
      Income-Based Land
      $3,755,000
      Food Service
      $3,050,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6406
    Latitude
    30.4262
    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
    $13,533
    $735,392
    $235,203
    $970,595
    -
    $735,392
    $235,203
    $970,595

    Comparable in this City

    • Value Estimation by Request
      18,898 SF

      1335 Miracle Strip SE Pkwy

      CHARITABLE ORGANIZATION • 18,898 SF
      1335 Miracle Strip SE Pkwy, Fort Walton Beach, FL 32548-6221
      View Details
    • Value Estimation
      $275,000
      3,587 SF

      31 Perry SE Ave

      VETERINARY, ANIMAL HOSPITAL • 3,587 SF
      31 Perry SE Ave, Fort Walton Beach, FL 32548-5612
      View Details
    • Value Estimation
      $345,000
      3,915 SF

      220 Hollywood SW Blvd

      VETERINARY, ANIMAL HOSPITAL • 3,915 SF
      220 Hollywood SW Blvd, Fort Walton Beach, FL 32548
      View Details
    • Value Estimation by Request
      2,174 SF

      202 Hospital NE Dr

      VETERINARY, ANIMAL HOSPITAL • 2,174 SF
      202 Hospital NE Dr, Fort Walton Beach, FL 32548-5067
      View Details
    • Value Estimation
      $425,000
      6,952 SF

      514 Mary Esther Cut Off NW

      VETERINARY, ANIMAL HOSPITAL • 6,952 SF
      514 Mary Esther Cut Off NW, Fort Walton Beach, FL 32548-4047
      View Details
    • Value Estimation by Request
      3,419 SF

      605 Oak NW St

      CREMATORIUM, MORTUARY • 3,419 SF
      605 Oak NW St, Fort Walton Beach, FL 32548-3834
      View Details

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    Similar Nearby for Lease

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      1,775 SF

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      1,775 SF retail unit in Fort Walton Beach, Florida.
      59 Beal Pkwy SE, Fort Walton Beach, FL 32548
      View Details
    • $20 SF/Yr
      3,271 SF

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      3,271 SF Office, High Visibility
      355 Beal Pkwy, Fort Walton Beach, FL 32548
      View Details
    • $18 SF/Yr
      1,300 SF

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      1300 SF Office, High-End Location, NNN Lease
      403 Hollywood Blvd NW, Fort Walton Beach, FL 32548
      View Details
    • $20 SF/Yr
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      Fort Walton Beach Office Space For Lease

      High-visibility medical/professional office, 3,271 sq ft.
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    • $17 SF/Yr
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      Uptown Station Retail & Office Space

      8,210 SF prime space in thriving Fort Walton Beach.
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    • $4,000 /Mo
      3,400 SF

      Versatile Warehouse in Fort Walton

      3400 sqft warehouse with office, kitchen, and fenced lot.
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      View Details

    Property Visit Statistics

    • Visits by month
      13.7k
    • Visitors by month
      8.4k
    • Avg Time on site
      14 min
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    227 Carol NW Ave
    Fort Walton Beach, FL 32548-4009
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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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