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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Turn key restaurants
2680 Ferdon Blvd Crestview, FL 32536-8518
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-9475416
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,385 SF
Lot
17.08 ac (744,004 SF)
APN
29-3N-23-0000-0015-0000
UPID
US18-9475416
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
-
Chipotle Mexican Grill Restaurant
-
Five Below (Bike/Boat/Book/etc) Store Arcade & Gaming Center
-
Planet Fitness Gym & Fitness Center
-
Benefit Cosmetics BrowBar Spa & Massage Center Skin Care Clinic
-
Ulta Beauty Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$940k
Owner & transaction history
Benchmark Crestview Commons LLC · 3 yrs held
Benchmark Crestview Commons LLC
since 2023
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 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
by Request
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,305,000
Change: -17% · Conversion: Easy
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
$127 / 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
$53,992
Tax year 2023
Assessed value
$4,072,792
Assessed 2023
Previous assessed
$4,019,651
+1.3% YoY
Effective rate
1.33%
On assessed value
Assessed land
$4,072,792
Land market value
$4,072,792
Total market value
$4,072,792
Applied tax rate
3.0000
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
13
Total area
7,385 SF
Lot
17.08 ac (744,004 SF)
APN
29-3N-23-0000-0015-0000
UPID
US18-9475416
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
COMMERCIAL (GENERAL)
Est. value
$1.3M
COMMERCIAL (GENERAL)
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
13
Lot
17.08 ac
Current owner
From public records · entity-resolved
Benchmark Crestview Commons LLC
Entity
Mailing address
4053 MAPLE RD STE #200, AMHERST, NY 14226-1058
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2023
—
Benchmark Crestview Commons LLC
City Of Crestview
Special Warranty Deed
—
Mar 20, 2020
—
Benchmark Crestview Commons Ll
Crestview Crossing Power Ctr L
Quit Claim Deed
—
Dec 27, 2019
$3,375,000
Benchmark Crestview Commons Ll
Crestview Crossing Power Ctr L
Warranty Deed
—
Jun 13, 2019
—
Crestview Crossing Power Ctr L
Beach Cmnty Bk
Grant Deed
related
—
Dec 12, 2016
$350,100
Beach Cmnty Bk
Crestview Trading Co L Coc
Trustees Deed
related
—
Mar 27, 2008
$1,500,000
Crestview Trading Co LLC
Florida West Properties INC
Warranty Deed
$1,125,000 · First Capital Bank
—
—
Sonnys Real Pit Bar-b-q
—
Deed Of Trust
related
$900,000 · First Gulf Bank
—
—
Crestview Trading Co LLC
—
Deed Of Trust
related
$1,125,000 · Beach Community 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.
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