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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Retail space
329 Hbr Blvd Destin, FL 32541-2323
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3525337
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Construction
STEEL FRAME
Total area
3,825 SF
Lot
0.49 ac (21,331 SF)
APN
00-2S-22-0630-0000-0620
UPID
US18-3525337
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
$1.16M
CAP Approach
CAP
$845k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Mohammed A Rahman · 4 yrs held
Mohammed A Rahman
since 2022
Last sale
$1.2M
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 Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin 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
$1,170,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±10% · vs last sale $1.15M (Sep 21 2021)
Last sale anchor
$1.15M
Sep 21 2021
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
$302 / 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
$8,447
Tax year 2023
Assessed value
$707,116
Assessed 2023
Previous assessed
$674,037
+4.9% YoY
Effective rate
1.19%
On assessed value
Assessed land
$496,650
Assessed improvement
$210,466
Land market value
$496,650
Improvement market value
$210,466
Total market value
$707,116
Applied tax rate
10.0000
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
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
7
Total area
3,825 SF
Lot
0.49 ac (21,331 SF)
APN
00-2S-22-0630-0000-0620
UPID
US18-3525337
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
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
7
Lot
0.49 ac
Current owner
From public records · entity-resolved
Mohammed A Rahman
Individual
Mailing address
4339 PRIVATE PT DR, PENSACOLA, FL 32503-2553
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2022
—
Mohammed A Rahman
Bruce Allen Ming
Correction Deed
related
$805,000 · The First A National Banking Assn
Sep 21, 2021
$1,150,000
Mohammed A Rahman
Bruce Allen Ming
Warranty Deed
$805,000 · The First A National Banking Assn
May 7, 2020
—
Ming,bruce & Marilyn Trust
William T Ming JR.
Correction Deed
related
—
Sep 12, 2019
$100
Ming,bruce & Marilyn Trust
Ming Marilyn C Trust
Warranty Deed
related
—
Feb 28, 2019
$100
Ming,marilyn C Trust
Ming,bruce A
Warranty Deed
related
—
Feb 12, 2019
$100
Bruce A Ming
Ming,bruce A
Warranty Deed
related
—
Feb 7, 2019
$100
Bruce A Ming
Destin Harbor LLC
Quit Claim Deed
related
—
May 9, 2017
—
Bruce A Ming
Ming Weleska L Trust
Quit Claim Deed
related
—
Jun 19, 2008
—
Ming Bruce A Trust
Ming William T Trust
Quit Claim Deed
—
Jun 16, 2008
—
Ming Bruce A Trust
Ming William T JR Trust
Quit Claim Deed
—
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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