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Property profile & analytics
OFF-MARKET
Estimated value
$7,350,000
Commercial land
319 Grn Acres Rd Fort Walton Beach, FL 32547-1170
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5039547
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2018
Total area
7,178 SF
Lot
1 ac (43,498 SF)
APN
34-1S-24-0000-0095-0000
UPID
US18-5039547
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
-
Renalus Hospital
-
Nicholas Nagrani M.D. Physician Medical Clinic
-
Emily K. Herman, APRN Physician
-
Dr. Christopher Reid Physician
-
Dr. Derek Jimenez Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.35M
Owner & transaction history
Kb Essential Healthcare 33 Dst · 6 yrs held
Kb Essential Healthcare 33 Dst
since 2020
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
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 Fort Walton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Walton Beach 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
$8,390,000
ML approach
$8,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.35M
Range $6.62M – $8.09M · ±10% · vs last sale $6.45M (May 22 2020)
Last sale anchor
$6.45M
May 22 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
$1,024 / 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
$2,982
Tax year 2023
Assessed value
$240,900
Assessed 2023
Previous assessed
$240,900
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$240,900
Land market value
$240,900
Total market value
$240,900
Applied tax rate
12.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
14
Bathrooms
2
Total area
7,178 SF
Lot
1 ac (43,498 SF)
APN
34-1S-24-0000-0095-0000
UPID
US18-5039547
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
Building & site characteristics
From public records
Year built
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
14
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Kb Essential Healthcare 33 Dst
Individual
Mailing address
1645 VLG CTR CIR STE #200, LAS VEGAS, NV 89134-6372
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2020
$6,450,000
Kb Essential Healthcare 33 Dst
Salt & Water Club II LLC
Grant Deed
$30,249 · Ameris Bk
Dec 5, 2017
—
Salt & Water Club Iillc
—
Deed
related
$3,500,000 · Synovus Bk
Mar 28, 2017
—
Salt & Water Club II LLC
—
Deed
related
$2,399,000 · Coastal Bk&tr
Dec 3, 2014
$605,000
Salt & Water Club II LLC
First National Bank Of Crestview
Special Warranty Deed
$450,000 · Summit Bank NA
Jun 28, 2011
$802,500
First Natl Bk Of Crestview
Fishers Of Men A Life Changing
Grant Deed
—
—
—
Salt & Water Club II LLC
—
Deed Of Trust
related
$2,399,000 · Coastal Bk&tr
—
—
Salt & Water Club Iillc
—
Loan Modification
related
$3,500,000 · Synovus Bk
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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