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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Bowling alleys
2986 Avalon Blvd Milton, FL 32583-6159
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3791040
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1990
Construction
STEEL FRAME
Total area
25,323 SF
Lot
2 ac (86,989 SF)
Zoning code
HCD
APN
40-1N-28-0090-59000-0010
UPID
US18-3791040
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
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Mike Price Builder LLC · 5 yrs held
Mike Price Builder LLC
since 2020
Last sale
$849,000
3 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
Method
Estimation
Statistic approach
$865,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $849k (Aug 26 2020)
Last sale anchor
$849k
Aug 26 2020
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
$34 / 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
$8,863
Tax year 2023
Assessed value
$706,324
Assessed 2023
Previous assessed
$561,743
+25.7% YoY
Effective rate
1.25%
On assessed value
Assessed land
$190,312
Assessed improvement
$516,012
Land market value
$190,312
Improvement market value
$516,012
Total market value
$706,324
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
2
Total area
25,323 SF
Lot
2 ac (86,989 SF)
Zoning code
HCD
APN
40-1N-28-0090-59000-0010
UPID
US18-3791040
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
2 ac
Current owner
From public records · entity-resolved
Mike Price Builder LLC
Entity
Mailing address
2986 AVALON BLVD, MILTON, FL 32583-6159
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2020
$849,000
Mike Price Builder LLC
Boesen Enterprises INC
Warranty Deed
$1,342,000 · Beach Community Bank
Dec 6, 2007
$1,500,000
Boesen Ents INC
Dubose,hewbert J & Zona M
Warranty Deed
$1,092,000 · Bank Of Pensacola
May 3, 2007
—
Santa Rosa County Florida
Dubose,hewbert J & Zona M
Warranty Deed
related
—
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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