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Property profile & analytics
FOR LEASE
Strip malls
24 NW Hollywood Blvd 5 Fort Walton Beach, FL 32548
Entity Owned
~
Est. High Equity
Property ID
US18-3902995
For Lease
$1,450/Mo
24 NW Hollywood Blvd,Unit 5, Fort Walton Beach, FL 32548
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,820 SF
Lot
0.69 ac (30,000 SF)
APN
14-2S-24-1370-0001-0010
UPID
US18-3902995
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
-
Alcoholics Anonymous Social Service Agency Medical Clinic
-
AB Experts Group, eXp Realty Real Estate Agency
-
AB+Production Advertising Agency Marketing & Advertising
-
Erika Slatzer Physician
-
Tehra Mcclellan, MS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bams 777 LLC
Bams 777 LLC
since 2025
Last sale
$1.8M
6 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 Fort Walton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Walton Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,975
Tax year 2023
Assessed value
$643,681
Assessed 2023
Previous assessed
$613,732
+4.9% YoY
Effective rate
1.39%
On assessed value
Assessed land
$342,774
Assessed improvement
$300,907
Land market value
$342,774
Improvement market value
$300,907
Total market value
$643,681
Applied tax rate
4.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
8
Rooms
55
Total area
10,820 SF
Lot
0.69 ac (30,000 SF)
APN
14-2S-24-1370-0001-0010
UPID
US18-3902995
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
8
Rooms
55
Lot
0.69 ac
Current owner
From public records · entity-resolved
Bams 777 LLC
Entity
Mailing address
119 HOLLYWOOD BLVD NW STE #206, FORT WALTON BEACH, FL 32548-4758
Ownership since
2025
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
Oct 3, 2025
$1,750,000
Bams 777 LLC
Waste Energy Of N W Fl LLC
Warranty Deed
—
Mar 19, 2019
—
J2 Dev LLC
—
Deed
related
$649,400 · Fnbt Bk
Nov 2, 2015
$490,000
Waste Energy Of Nw Fl LLC
Bdr Properties LLC
Grant Deed
—
Jan 28, 2010
$365,000
Bdr Properties LLC
Cabuki Land Ptshp
Warranty Deed
$328,500 · Cabuki Land Ptshp
—
—
J2 Dev LLC
—
Loan Modification
related
$649,400 · Fnbt Bk
—
—
Cabuki Land Ptshp
—
Deed Of Trust
related
$200,000 · Capeci Nicholas E Trust
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?”
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