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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Distribution centers
36246 Emerald Coast Pkwy Destin, FL 32541-4707
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5877389
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
STEEL FRAME
Total area
9,612 SF
Lot
0.84 ac (36,780 SF)
APN
00-2S-22-0101-000C-0750
UPID
US18-5877389
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
-
Accents by LS Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.82M
Owner & transaction history
Ldv Land Development LLC · 4 yrs held
Ldv Land Development LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+107.7%
Restaurant
$2.0M
+58.0%
Office building
$1.9M
+49.1%
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
$1,830,000
ML approach
$1,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,290,000
Current use
COMMERCIAL (GENERAL)
$2,685,000
Change: +108% · Conversion: Difficult
RESTAURANT
$2,040,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$1,925,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,505,000
Change: +16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,480,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±10% · vs last sale $1.80M (Jul 19 2021)
Last sale anchor
$1.80M
Jul 19 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
$189 / 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
$17,255
Tax year 2023
Assessed value
$1,444,420
Assessed 2023
Previous assessed
$1,444,420
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$926,887
Assessed improvement
$517,533
Land market value
$926,887
Improvement market value
$517,533
Total market value
$1,444,420
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
2
Rooms
9
Total area
9,612 SF
Lot
0.84 ac (36,780 SF)
APN
00-2S-22-0101-000C-0750
UPID
US18-5877389
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RESTAURANT
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2000
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Rooms
9
Lot
0.84 ac
Current owner
From public records · entity-resolved
Ldv Land Development LLC
Entity
Mailing address
PO BOX 62, DESTIN, FL 32540-0062
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
Ldv Land Development LLC
—
Deed
related
$7,500,000 · Newtek Business Services Holdco 6 INC
Jul 19, 2021
$1,800,000
Ldv Land Development LLC
Destnauon Buidng LLC
Warranty Deed
$1,275,000 · Whitney Bank
Jun 2, 2017
$1,300,000
Destination Building LLC
Ezell,mary
Warranty Deed
—
Jun 2, 2017
—
Destination Building LLC
—
Loan Modification
related
$1,999,914 · First Bk
May 3, 2007
$1,525,000
Mary Ezell
Sellers Tile Distributors INC
Grant Deed
$1,372,500 · Lehman Brothers Bank Fsb
Dec 15, 2005
$1,200,000
Sellers Tile Distributors INC
Lrn & C LLC
Warranty Deed
$1,200,000 · Colony Bank
Oct 6, 1999
—
Tlc Destin LLC
Nick,a T & Ladonna R
Quit Claim Deed
related
$550,000 · Emerald Coast Bank
Feb 28, 1997
$149,900
Nick A T
Shalimar Investments INC
Grant Deed
$134,910 · Emerald Coast Bank
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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