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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Office buildings
2831 Gulf Breeze Pkwy Gulf Breeze, FL 32563-3145
Entity Owned
~
Est. High Equity
Property ID
US18-4243557
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,890 SF
Lot
6.94 ac (302,524 SF)
Zoning code
HCD
APN
36-2S-29-0000-00115-0000
UPID
US18-4243557
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.11M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.87M
Owner & transaction history
Pfrh Gulf Breeze LLC
Pfrh Gulf Breeze LLC
since 2025
7 recorded transactions
Zoning & alternative use
HCD · Gulf Breeze, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+96.3%
Medical building
$1.8M
+57.9%
Retail stores
$1.7M
+45.9%
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 Gulf Breeze submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Breeze 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%
$2,285,000
6.5%
$2,110,000
7%
$1,960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,170,000
Current use
RESTAURANT
$2,295,000
Change: +96% · Conversion: Moderate
MEDICAL BUILDING
$1,845,000
Change: +58% · Conversion: Easy
RETAIL STORES
$1,705,000
Change: +46% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,430,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$172 / 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
$18,390
Tax year 2023
Assessed value
$1,589,705
Assessed 2023
Previous assessed
$1,028,688
+54.5% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,589,705
Land market value
$1,589,705
Total market value
$1,589,705
Applied tax rate
14.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
12
Bathrooms
19
Total area
10,890 SF
Lot
6.94 ac (302,524 SF)
Zoning code
HCD
APN
36-2S-29-0000-00115-0000
UPID
US18-4243557
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Gulf Breeze, FL
Zoning HCD · permitted uses
HCD · Gulf Breeze, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gulf Breeze. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
19
Lot
6.94 ac
Current owner
From public records · entity-resolved
Pfrh Gulf Breeze LLC
Entity
Mailing address
2730 SUNRUNNER LN, GULF BREEZE, FL 32563-5508
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
Pfrh Gulf Breeze LLC
The Cove Of Gb LLC
Quitclaim Deed
related
—
Sep 29, 2025
$750,000
Pfrh Gulf Breeze LLC
The Cove Of Gb LLC
Warranty Deed
—
Feb 2, 2023
—
The Cove Of Gb LLC
Daniel Cook
Special Warranty Deed
—
Oct 27, 2020
—
Daniel Cook
—
Deed
related
$1,280,000 · The First A National Banking Assn
Mar 6, 2020
$1,600,000
Daniel Cook
David W Simpson
Warranty Deed
—
Nov 27, 2018
$901,600
David W Simpson
Santa Rosa Plz Hldgs L Crimson
Grant Deed
—
Nov 24, 2015
$100
Crimson Portfolio Alpha LLC
Moulton Properties INC Coc
Trustees Deed
related
—
Sep 11, 2003
$2,000,000
Moulton Properties INC
Lasalle Bank NA Trustee
Grant Deed
$2,000,000 · Bank Of Pensacola
—
—
Moulton Properties INC
—
Deed Of Trust
related
$1,999,311 · Coastal Bank & 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.
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