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Property profile & analytics
FOR SALE
Retail space
3045 South Ferdon Blvd Crestview, FL 32536
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-1665408
For Sale
1 / 14
$650,000
3045 South Ferdon Blvd, Crestview, FL 32536
View Listing →
Property summary
AI-generated overview
This ±3,548 square foot freestanding retail building is available for lease in Crestview, Florida. Located at 3045 S Ferdon Blvd, at the intersection of S Ferdon Blvd and Brookemead Dr, this single-tenant property sits on a ±0.45-acre lot (APN: 29-3N-23-1480-0079-0000) and is zoned C-2. Built in 2017, the one-story Class B building offers excellent visibility and accessibility. The property benefits from its location near major retailers such as Aldi, Chipotle, Walmart, Publix, and Lowe's, ensuring high foot traffic and brand recognition. S Ferdon Blvd (Hwy 85) experiences a high average annual daily traffic count of 44,000 vehicles. This prime location presents a significant opportunity for businesses seeking high visibility and convenient access in a thriving retail corridor within Okaloosa County. The property features no elevators.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
STEEL FRAME
Total area
3,548 SF
Lot
0.46 ac (20,000 SF)
APN
29-3N-23-1480-0079-0000
UPID
US18-1665408
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
-
Mr. Mattress Bedding Outlet Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$650k
Owner & transaction history
Pro Rentals LLC · 12 yrs held
Pro Rentals LLC
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$625,000
+39.9%
Neighborhood: shopping center
$555,000
+23.9%
Auto repair, garage
$545,000
+22.1%
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 Crestview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crestview 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%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
RETAIL STORES
$450,000
Current use
COMMERCIAL (GENERAL)
$625,000
Change: +40% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Change: +24% · Conversion: Moderate
AUTO REPAIR, GARAGE
$545,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$405,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$183 / 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
$7,645
Tax year 2023
Assessed value
$472,568
Assessed 2023
Previous assessed
$449,036
+5.2% YoY
Effective rate
1.62%
On assessed value
Assessed land
$215,211
Assessed improvement
$257,357
Land market value
$215,211
Improvement market value
$257,357
Total market value
$472,568
Applied tax rate
3.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
3
Total area
3,548 SF
Lot
0.46 ac (20,000 SF)
APN
29-3N-23-1480-0079-0000
UPID
US18-1665408
Jurisdiction
OKALOOSA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$545,000
WAREHOUSE, STORAGE
Est. value
$405,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Lot
0.46 ac
Current owner
From public records · entity-resolved
Pro Rentals LLC
Entity
Mailing address
1077 TREE PT DR, FORT WALTON BEACH, FL 32547-1898
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2013
—
Pro Rentals LLC
Li,qiuhu
Quit Claim Deed
related
—
Aug 16, 2013
$205,000
Quihu Li
Hancock Bk
Grant Deed
—
Jul 16, 2012
—
Bk Hancock
Yang,wang Coc
Trustees Deed
related
—
Jul 8, 2002
$160,000
Wang Yang
Hsu,yun-hsiao
Grant Deed
$160,000 · Yun-hsiao Hsu
—
—
Wang Yang
—
Deed Of Trust
related
$262,500 · Peoples First Community Bank
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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