2694 Hwy 87 Navarre, FL 32566-2407
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$1.52M
Range $1.36M – $1.67M (±10%)
Property ID
US18-7432759
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2017
Construction
STEEL FRAME
Total area
9,784 SF
Lot
1.85 ac (80,412 SF)
Zoning code
HCD
APN
09-2S-26-0000-00200-0000
UPID
US18-7432759
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.52M
Owner & transaction history
since 2020
6 recorded transactions
Zoning & alternative use
HCD · Navarre, FL
Top alternative use upside
Restaurant
$2.1M
+37.2%
Medical building
$1.7M
+10.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.52M
Value range
$1.36M – $1.67M
±10% around blend
Estimated value / SF
$155 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
30
$1.36M
blend $1.52M
$1.67M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,784 SF
Lot area
1.85 ac
Year built
2017
Stories
1
APN
09-2S-26-0000-00200-0000
Assessed value
$1,389,642
Annual tax
$14,759
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.62M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.76M
@ 6.5% CAP return
$1.62M
@ 7% CAP return
$1.51M
4
Sales comparison
Partial preview
Sales approach indication
$1.04M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.3 mi away · 10,030 SF
21.5 mi away · 7,165 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.52M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 18 sales
$154
+1%
Submarket 33 sales
$157
-1%
County 85 sales
$106
+45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $155/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+37%
vs current-use indication
Medical Building
Retail Stores · current use
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.39M
Move the market yield to see immediate price impact.
Value / SF
$142
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$88k
$1.75M
$1.25M
$973k
$97k
$1.95M
$1.39M
$1.08M
$107k
$2.14M
$1.53M
$1.19M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$970k
12.9 mi · Dec 2025 · $111/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,759
Tax year 2023
Assessed value
$1,389,642
Assessed 2023
Previous assessed
$1,140,066
+21.9% YoY
Effective rate
1.06%
On assessed value
Assessed land
$417,300
Assessed improvement
$972,342
Land market value
$417,300
Improvement market value
$972,342
Total market value
$1,389,642
Applied tax rate
12.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
2
Bathrooms
2
Total area
9,784 SF
Lot
1.85 ac (80,412 SF)
Zoning code
HCD
APN
09-2S-26-0000-00200-0000
UPID
US18-7432759
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Navarre, FLZoning HCD · permitted uses
HCD · Navarre, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
2
Bathrooms
2
Lot
1.85 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HCD
Jurisdiction
Navarre, FL
Recorded code
HCD
Ownership Intelligence
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Owner of record and activity signals are derived from public records and modeled classifications.
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