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Property profile & analytics
OFF-MARKET
Estimated value
$4,995,000
Outlet malls
34940 Emerald Coast Pkwy Destin, FL 32541-3468
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-2574467
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,646 SF
Lot
17.68 ac (770,184 SF)
APN
00-2S-22-1004-0000-0010
UPID
US18-2574467
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
-
Geek Squad Tech Support Center (Bike/Boat/Book/etc) Store
-
Salon Salon Barber Shop
-
Amazing Lash Studio Hair Salon Nail Salon
-
Shoe Station Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Office Depot (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.35M
Comparable Approach
Comparable
$4.47M
Blend (final)
Blend
$5.00M
Owner & transaction history
Paradise Isle Destin LLC · 11 yrs held
Paradise Isle Destin LLC
since 2014
4 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,705,000
6.5%
$4,345,000
7%
$4,035,000
Blend value · Realmo final
$5.00M
Range $4.50M – $5.49M · ±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
$254 / 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
$218,319
Tax year 2023
Assessed value
$18,275,171
Assessed 2023
Previous assessed
$17,070,796
+7.1% YoY
Effective rate
1.19%
On assessed value
Assessed land
$6,818,196
Assessed improvement
$11,456,975
Land market value
$6,818,196
Improvement market value
$11,456,975
Total market value
$18,275,171
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Buildings
10
Stories
1
Rooms
5
Total area
19,646 SF
Lot
17.68 ac (770,184 SF)
APN
00-2S-22-1004-0000-0010
UPID
US18-2574467
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
10
Rooms
5
Lot
17.68 ac
Current owner
From public records · entity-resolved
Paradise Isle Destin LLC
Entity
Free & Clear · 11 yrs held
Mailing address
725 CONSHOHOCKEN STATE RD, BALA CYNWYD, PA 19004-2122
Ownership since
2014
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
Sep 26, 2024
—
Paradise Isle Destin LLC
—
Deed
related
$27,700,000 · Bankunited NA
Sep 15, 2014
$33,000,000
Paradise Isle Destin LLC
Wri-srp Paradise Isle LLC
Grant Deed
—
Aug 4, 2006
—
Wri-srp Paradise Isle LLC
Subway Real Estate Corp
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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