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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Assisted living facilities
2301 James Lee Blvd Crestview, FL 32536-5409
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5798427
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1960
Construction
FRAME
Total area
6,266 SF
Lot
6.4 ac (278,784 SF)
APN
12-3N-24-0000-0032-0000
UPID
US18-5798427
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
-
Easton's Place Nursing Home Retirement Community
-
Kentysway Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Zsp Properties LLC · 4 yrs held
Zsp Properties LLC
since 2022
Last sale
$500,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$830,000
+180.3%
Restaurant
$750,000
+153.9%
Retail stores
$600,000
+103.0%
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
$510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Change: +180% · Conversion: Difficult
RESTAURANT
$750,000
Change: +154% · Conversion: Difficult
RETAIL STORES
$600,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$500,000
Change: +70% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $500k (May 18 2021)
Last sale anchor
$500k
May 18 2021
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
$81 / 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
$4,252
Tax year 2023
Assessed value
$413,359
Assessed 2023
Previous assessed
$413,359
+0.0% YoY
Effective rate
1.03%
On assessed value
Land market value
$30,986
Improvement market value
$377,935
Total market value
$408,921
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
18
Bathrooms
3
Total area
6,266 SF
Lot
6.4 ac (278,784 SF)
APN
12-3N-24-0000-0032-0000
UPID
US18-5798427
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$830,000
RESTAURANT
Est. value
$750,000
RETAIL STORES
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1960
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
18
Bathrooms
3
Lot
6.4 ac
Current owner
From public records · entity-resolved
Zsp Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
121 SIKES DR, CRESTVIEW, FL 32539-3208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
—
Zsp Properties LLC
Ike Lee Kenty
Quit Claim Deed
related
—
May 18, 2021
$500,000
Ike Lee Kenty
Zeb L Watts
Warranty Deed
$500,000 · Pacific Sun Mortgage
May 18, 2021
—
Zeb L Watts
Zsp Properties LLC
Warranty Deed
—
Nov 13, 2018
$100
Zsp Properties LLC
Watts,zeb L & Sarah J
Warranty Deed
—
Oct 7, 2015
$299,900
Zeb L Watts
James R Lee
Intrafamily Transfer
related
$263,600 · First Florida Bank
—
—
Zeb L Watts
—
Loan Modification
related
$383,600 · First Fl Bk
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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