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Property profile & analytics
OFF-MARKET
Bars & Pubs
2906 Avalon Blvd Milton, FL 32583-6159
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3238353
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1984
Construction
WOOD
Total area
2,894 SF
Lot
1.03 ac (44,954 SF)
Zoning code
HCD
APN
40-1N-28-0090-52700-0100
UPID
US18-3238353
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
-
2906 Avalon Blvd Parking Parking Lot & Garage
-
Superior Fence & Rail General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bill Salter Advertising INC · 4 yrs held
Bill Salter Advertising INC
since 2022
7 recorded transactions
Zoning & alternative use
HCD · Milton, FL
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,692
Tax year 2023
Assessed value
$215,272
Assessed 2023
Previous assessed
$170,194
+26.5% YoY
Effective rate
1.25%
On assessed value
Assessed land
$104,399
Assessed improvement
$110,873
Land market value
$104,399
Improvement market value
$110,873
Total market value
$215,272
Applied tax rate
11.0000
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
3
Bathrooms
3
Total area
2,894 SF
Lot
1.03 ac (44,954 SF)
Zoning code
HCD
APN
40-1N-28-0090-52700-0100
UPID
US18-3238353
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Milton, FL
Zoning HCD · permitted uses
HCD · Milton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
3
Bathrooms
3
Lot
1.03 ac
Current owner
From public records · entity-resolved
Bill Salter Advertising INC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 761, MILTON, FL 32572-0761
Ownership since
2022
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
Apr 20, 2022
—
Bill Salter Advertising INC
Tami D Scherffius
Lease
—
Oct 29, 2018
$200,000
Joint Venture Property LLC
Scherffius,tami D
Warranty Deed
—
Jan 30, 2017
—
Tami D Scherffius
—
Deed
related
$12,000 · James A & Carolyn D Wagner
Apr 18, 2013
—
Tami Scherffius
Scherffius,tami
Quit Claim Deed
related
—
Feb 18, 2013
—
Tami D Scherffius
Williams Carolyn Trust
Grant Deed
—
Apr 13, 2012
—
Williams Carolyn Living Trust
Williams,carolyn A
Quit Claim Deed
related
—
Jan 29, 2007
$400,000
Bobby O Williams
Blount Juanita Living Trust
Warranty Deed
$240,000 · Bank Of Pensacola
—
—
Tami D Scherffius
—
Deed Of Trust
related
$12,000 · James A & Carolyn D Wagner
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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