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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office buildings
2450 Hwy 29 Cantonment, FL 32533-5852
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3712945
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
4,880 SF
Lot
0.65 ac (28,397 SF)
Zoning code
HC/LI
APN
20-1N-30-3402-000-000
UPID
US18-3712945
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
-
Hubner Charlotte Insurance Agency
-
Lavish Lacquer Nail Salon
-
Somethin 2 Talk About Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$579k
Blend (final)
Blend
$590k
Owner & transaction history
Ngoc Nhu Tran · 2 yrs held
Ngoc Nhu Tran
since 2023
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
HC/LI · Cantonment, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$735,000
+12.4%
Auto repair, garage
$685,000
+4.5%
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 Cantonment submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cantonment 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
$540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$655,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$735,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$685,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$650,000
Change: -1% · Conversion: Easy
RETAIL STORES
$610,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $600k (Sep 19 2023)
Last sale anchor
$600k
Sep 19 2023
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
$121 / 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
$6,594
Tax year 2023
Assessed value
$478,113
Assessed 2023
Previous assessed
$445,026
+7.4% YoY
Effective rate
1.38%
On assessed value
Land market value
$72,838
Improvement market value
$405,275
Total market value
$478,113
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
4,880 SF
Lot
0.65 ac (28,397 SF)
Zoning code
HC/LI
APN
20-1N-30-3402-000-000
UPID
US18-3712945
Jurisdiction
ESCAMBIA
Zoning & alternative use
HC/LI · Cantonment, FL
Zoning HC/LI · permitted uses
HC/LI · Cantonment, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cantonment. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$655,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$650,000
RETAIL STORES
Est. value
$610,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2006
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Ngoc Nhu Tran
Individual
Mailing address
6315 SCHWAB DR, PENSACOLA, FL 32504-8152
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
$600,000
Ngoc Nhu Tran
Quyen To Diep
Warranty Deed
$700,000 · Centennial Bank
Apr 26, 2021
$590,000
Quyen To Diep
D R Horton INC
Special Warranty Deed
$390,000 · Centennial Bank
Oct 23, 2012
$517,000
Dr Horton INC
29 North LLC
Warranty Deed
—
Jul 29, 2005
—
29 North LLC
—
Trustees Deed
related
$540,000 · Gulf Coast Community Bank
Dec 7, 2004
$200,000
29 North LLC
Houk,ray C & Joyce A
Warranty Deed
—
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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