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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Turn key restaurants
34930 Emerald Coast Pkwy Destin, FL 32541-3402
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5094778
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Construction
FRAME
Total area
12,120 SF
Lot
2.2 ac (95,959 SF)
APN
00-2S-22-1003-0000-0010
UPID
US18-5094778
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
-
Cracker Barrel Old Country Store Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$3.07M
Owner & transaction history
Paradise Isle Cb LLC · 1 yrs held
Paradise Isle Cb LLC
since 2024
Last sale
$3.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.3M
+67.2%
Commercial (general)
$3.4M
+31.4%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,575,000
Current use
RETAIL STORES
$4,305,000
Change: +67% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,385,000
Change: +31% · Conversion: Easy
OFFICE BUILDING
$2,430,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±10% · vs last sale $3.28M (Aug 18 2024)
Last sale anchor
$3.28M
Aug 18 2024
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
$253 / 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
$36,472
Tax year 2023
Assessed value
$3,363,877
Assessed 2023
Previous assessed
$3,212,712
+4.7% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,772,000
Assessed improvement
$591,877
Land market value
$2,772,000
Improvement market value
$591,877
Total market value
$3,363,877
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Rooms
7
Total area
12,120 SF
Lot
2.2 ac (95,959 SF)
APN
00-2S-22-1003-0000-0010
UPID
US18-5094778
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
RESTAURANT Current
Est. value
$2.6M
RETAIL STORES
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.4M
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
7
Lot
2.2 ac
Current owner
From public records · entity-resolved
Paradise Isle Cb LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 787, LEBANON, TN 37088-0787
Ownership since
2024
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
Sep 3, 2025
—
Paradise Isle Destin LLC
—
Deed
related
$29,775,000 · Bankunited NA
Nov 18, 2024
$3,275,000
Paradise Isle Cb LLC
Destin Emerald Investments LLC
Special Warranty Deed
—
Jan 23, 2004
—
Destin Emerald Investments LLC
Ros No 18 LLC
Quit Claim Deed
related
—
Jan 23, 2004
$2,217,000
Destin Emerald Investments LLC
Gateway Of Destin Ltd
Grant 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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