Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Auto shops
2623 Hwy 29 Cantonment, FL 32533-8542
Trust Owned
~
Est. High Equity
Property ID
US18-5561809
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2003
Construction
METAL FRAME
Total area
5,296 SF
Lot
0.98 ac (42,689 SF)
Zoning code
HC/LI
APN
21-1N-30-2101-000-003
UPID
US18-5561809
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
-
B & G Plumbing Plumbing Service General Contractor
-
T's Window Tinting Interior Design Auto Repair Shop
-
American Leak Detection Plumbing Service General Contractor
-
Rocky's Auto Service Auto Repair Shop
-
Twisted Designs & Printing Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$653k
Blend (final)
Blend
$655k
Owner & transaction history
The Barnes Living Trust
The Barnes Living Trust
since 2025
6 recorded transactions
Zoning & alternative use
HC/LI · Cantonment, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$800,000
+7.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$745,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$710,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: -5% · Conversion: Moderate
RETAIL STORES
$660,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$124 / 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
$5,879
Tax year 2023
Assessed value
$394,777
Assessed 2023
Previous assessed
$371,364
+6.3% YoY
Effective rate
1.49%
On assessed value
Land market value
$27,930
Improvement market value
$386,460
Total market value
$414,390
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2003
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
3
Total area
5,296 SF
Lot
0.98 ac (42,689 SF)
Zoning code
HC/LI
APN
21-1N-30-2101-000-003
UPID
US18-5561809
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
AUTO REPAIR, GARAGE Current
Est. value
$745,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
OFFICE BUILDING
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$705,000
RETAIL STORES
Est. value
$660,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2003
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.98 ac
Current owner
From public records · entity-resolved
The Barnes Living Trust
Trust
Mailing address
PO BOX 9TH 9, CANTONMENT, FL 32533-0009
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
Dec 11, 2025
—
The Barnes Living Trust
William T Barnes
Deed
related
—
Jan 16, 2019
—
William T Barnes
—
Deed
related
$166,500 · Servisfirst Bk
Oct 6, 2004
—
William T Barnes
—
Trustees Deed
related
$140,000 · Regions Bank
May 1, 2003
—
William T Barnes
—
Trustees Deed
related
$15,628 · Regions Bank
—
—
William T Barnes
—
Loan Modification
related
$166,500 · Servisfirst Bk
—
—
William T Barnes
—
Deed Of Trust
related
$228,547 · Regions Bank
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 2623 Hwy 29?
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.
