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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Retail space
3005 Hwy 29 Cantonment, FL 32533-8562
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-0367575
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Construction
TYPE NOT SPECIFIED
Total area
10,504 SF
Lot
2.17 ac (94,525 SF)
Zoning code
HC/LI
APN
21-1N-30-1301-000-007
UPID
US18-0367575
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
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$2.05M
Owner & transaction history
Paul E Ruther · 4 yrs held
Paul E Ruther
since 2022
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
HC/LI · Cantonment, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+148.7%
Neighborhood: shopping center
$1.6M
+20.8%
Auto repair, garage
$1.5M
+12.4%
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 Cantonment submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cantonment 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
$2,345,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,980,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,310,000
Current use
RESTAURANT
$3,265,000
Change: +149% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,585,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,475,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$1,410,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,395,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±10% · vs last sale $2.68M (Jun 10 2022)
Last sale anchor
$2.68M
Jun 10 2022
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
$195 / 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
$11,472
Tax year 2023
Assessed value
$827,736
Assessed 2023
Previous assessed
$217,000
+281.4% YoY
Effective rate
1.39%
On assessed value
Land market value
$217,000
Improvement market value
$610,736
Total market value
$827,736
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
10,504 SF
Lot
2.17 ac (94,525 SF)
Zoning code
HC/LI
APN
21-1N-30-1301-000-007
UPID
US18-0367575
Jurisdiction
ESCAMBIA
Zoning & alternative use
HC/LI · Cantonment, FL
Zoning HC/LI · permitted uses
HC/LI · Cantonment, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cantonment. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
RESTAURANT
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2022
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
2.17 ac
Current owner
From public records · entity-resolved
Paul E Ruther
Individual
Free & Clear · 4 yrs held
Mailing address
6309 W POLY WEBB RD, ARLINGTON, TX 76016-4327
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
$2,681,500
Paul E Ruther
Teramore Development LLC
Special Warranty Deed
—
Oct 8, 2021
$299,000
Teramore Development LLC
Kemp Properties LP
Warranty Deed
$1,250,000 · Guardian Bank
Dec 8, 2005
$225,000
Kemp Properties
Brooks,raymond
Warranty Deed
—
Dec 20, 2001
—
Manita S Harris
Brooks,joe L
Quit Claim 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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