Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    318 James Lee Blvd Crestview, FL 32536-2636

    • Community centers
    • 8,620 SF
    • 6.77 lot acres
    OFF-MARKET
    Last Sale
    May 17, 2022
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8766763
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • FedEx OnSite / Mailing Service
    • Dollar General / Drug Store / Grocery Store
    • Western Union / Money Transfer Service

    Property Details for 318 James Lee Blvd

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    6.77 lot acres
    Property size
    8,620 SF
    Property type
    Community centers
    APN
    18-3N-23-0000-0010-0000
    APU
    183N23000000100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5773
    Latitude
    30.7639
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $44,050
    $674,809
    $2,048,046
    $2,722,855
    -
    $674,809
    $2,048,046
    $2,722,855

    Comparable in this City

    • Value Estimation
      $9,595,000
      22,835 SF

      1336 Ferdon Blvd

      MINI-MALL • 22,835 SF
      1336 Ferdon Blvd, Crestview, FL 32536-1749
      View Details
    • Value Estimation
      $920,000
      34,328 SF

      2535 Ferdon Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 34,328 SF
      2535 Ferdon Blvd, Crestview, FL 32536-8466
      View Details
    • Value Estimation
      $445,000
      11,145 SF

      611 Ferdon Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 11,145 SF
      611 Ferdon Blvd, Crestview, FL 32536-2111
      View Details
    • Value Estimation
      $1,205,000
      46,316 SF

      751 Ferdon Blvd

      SHOPPING CENTER, STRIP CENTER • 46,316 SF
      751 Ferdon Blvd, Crestview, FL 32536-2113
      View Details
    • Value Estimation
      $2,800,000
      13,650 SF

      3381 Ferdon Blvd

      SHOPPING CENTER, STRIP CENTER • 13,650 SF
      3381 Ferdon Blvd, Crestview, FL 32536-8484
      View Details
    • Value Estimation
      $400,000
      8,355 SF

      2575 Ferdon Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 8,355 SF
      2575 Ferdon Blvd, Crestview, FL 32536-8468
      View Details

    Similar Nearby for Sale

    • $675,000
      7,976 SF

      Versatile Commercial Building with Apartment

      Commercial building with retail space and a one-bedroom apartment.
      6452 Highway 85 N, Crestview, FL 32536
      View Details
    • $1,650,000

      Turn-Key Restaurant Opportunity

      Restaurant property with drive-thru, development potential in growing area.
      1296 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $1,400,000
      3,001 SF

      Crestview Gas Station - Prime Investment

      High-traffic location, strong ROI potential. Includes building & business.
      698 N Ferdon Boulevard, Crestview, FL 32536
      View Details
    • $235,000

      Versatile Commercial Space For Sale

      Adaptable commercial space suitable for investment or owner-occupancy.
      226 Coleman St, Crestview, FL 32536
      View Details
    • $1,000,000

      Retail Property on South Hwy 85

      Retail property with high visibility and income-generating billboard.
      592 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $700,000
      2,863 SF

      Versatile Commercial Space Available

      Spacious commercial area suitable for offices, retail, and more.
      914 N Ferdon Blvd, Crestview, FL 32536
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,003 SF

      Crestview Retail Space For Lease

      Prime 2,003 SF retail space in thriving Northview Plaza.
      751 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $20 SF/Yr
      1,187 SF

      Crestview Retail Space For Lease

      High-traffic retail space in thriving Northview Plaza.
      751 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $18 SF/Yr
      3,190 SF

      Crestview Retail Space For Lease

      High-traffic retail space in thriving Northview Plaza.
      751 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $23 SF/Yr
      1,200 SF

      Crestview Retail Space: Prime Location

      High-traffic retail space in thriving Crestview, FL.
      2535 2499 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $26 SF/Yr
      1,430 SF

      Crestview Retail Space Available

      High-traffic retail space, Tractor Supply anchored.
      352 W James Lee Blvd, Crestview, FL 32536
      View Details
    • $23 SF/Yr
      1,200 SF

      Crestview Retail Space - Suite 3060

      High-traffic retail space, excellent location.
      2535 2499 S Ferdon Blvd, Crestview, FL 32536
      View Details

    Property Visit Statistics

    • Visits by month
      23.2k
    • Visitors by month
      15.4k
    • Avg Time on site
      16 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    318 James Lee Blvd
    Crestview, FL 32536-2636
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.