Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Turn key restaurants
24 Hbr Blvd Destin, FL 32541
Trust Owned
Free & Clear
Property ID
US18-9025771
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1985
Construction
FRAME
Total area
7,327 SF
Lot
0.72 ac (31,200 SF)
APN
00-2S-22-0630-0000-1000
UPID
US18-9025771
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
-
XD Darkride Interactive Motion Theatre Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$940k
Owner & transaction history
Ashby Family Trust
Ashby Family Trust
since 2026
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 Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin 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
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,555,000
Current use
OFFICE BUILDING
$1,470,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$128 / 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
$50,316
Tax year 2023
Assessed value
$4,429,302
Assessed 2023
Previous assessed
$4,166,973
+6.3% YoY
Effective rate
1.14%
On assessed value
Assessed land
$2,349,753
Assessed improvement
$2,079,549
Land market value
$2,349,753
Improvement market value
$2,079,549
Total market value
$4,429,302
Applied tax rate
10.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
1
Units
1
Rooms
6
Total area
7,327 SF
Lot
0.72 ac (31,200 SF)
APN
00-2S-22-0630-0000-1000
UPID
US18-9025771
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
RESTAURANT Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT Current
OFFICE BUILDING
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
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
15
Units
1
Rooms
6
Lot
0.72 ac
Current owner
From public records · entity-resolved
Ashby Family Trust
Trust
Free & Clear · 0 yrs held
Mailing address
4471 LEGENDARY DR, DESTIN, FL 32541-5324
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Ashby Family Trust
Donald J Ashby
Deed
related
—
Apr 7, 2025
—
Lori Fiore Jetton
Stacy Jetton
Deed
related
—
Mar 7, 2023
—
David L Dalenberg
Entrust Gulf Coast LLC
Intrafamily Transfer
related
—
Dec 14, 2022
—
Joel R Strote
Sheri K Rutledge
Deed Of Distribution
—
Jul 26, 2022
—
Tentucky LLC
Brewco LLC
Warranty Deed
—
Feb 6, 2020
$38,000
John Mckeon
Luan To
Warranty Deed
—
Apr 10, 2019
$100
Claudia Y Addison
Addison,claudia Y
Grant Deed
related
—
Dec 12, 2018
$100
Killebrew Richard 1 Trust No
Killebrew,richard & Connie
Quit Claim Deed
related
—
Nov 13, 2018
$100
John S Masick
Masick,john J & John S
Quit Claim Deed
related
—
Aug 1, 2018
$20,000
Margaret K Corbin
Sierra Machinery INC
Warranty Deed
—
Jun 21, 2018
$50,000
Jim Atchison
Shoults Marion B Trust
Warranty Deed
—
Mar 24, 2015
—
Lf Destine LLC
Lane,james A JR
Warranty Deed
—
Oct 24, 2014
—
Rackley,joe & Diane Trust
Rackley,joseph M JR & Diane M
Quit Claim Deed
related
—
Oct 15, 2014
—
Machamer,thomas E & R C Trust
Machamer,thomas E & Regina C
Quit Claim Deed
related
—
Apr 28, 2014
—
Jefferson D Stewart
J-j Ents LLC
Grant Deed
—
Sep 24, 2012
—
Wood Donald G & Fay S Trust
Wood,fay S
Quit Claim Deed
related
—
Sep 19, 2012
$103,000
Bennett Keith B Trust
Seymour,jason & Kathleen H
Warranty Deed
—
Feb 27, 2012
$409,100
Rainy Time LLC
Daake,thomas & Adele
Warranty Deed
—
May 3, 2007
—
Emerald Grande INC
East Pass INC
Quit Claim Deed
related
—
Jul 21, 2004
—
East Pass Investors INC
Kelly Coleman L Trust
Grant Deed
related
—
Oct 13, 2003
—
East Pass Investors INC
—
Grant Deed
related
—
Aug 27, 1997
$2,260,000
Windward Marina LLC
C T Melvin Land Corp
Grant Deed
$1,700,000 · First City Bank Fort Walton
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 24 Hbr Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
