Financial
Distress signals
Property profile

4 9Th Ave Shalimar, FL 32579

FOR LEASE
Other commercial real estate
Property ID
US18-5288832
3,444 SF 3.61 ac lot Built 1973
Last sale Mar 2004 · $2,361,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This commercial property is located in Shalimar, Florida at 60 2nd Street and 4 9th Avenue, just off Eglin Parkway (Highway 85). It is positioned near the County Services Building and approximately 2 miles from the Eglin Air Force Base main gate. The property consists of a commercial complex with an estimated leasable area of 31,486 square feet on a 3.57-acre site. The spaces within the complex are used as a mix of professional office areas and restaurant tenant spaces.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$33k
Tax billed · 2023
Assessed value$2.71M
Assessed land$684k
Assessed improvement$2.02M
Effective rate1.24%

Value estimate

· Sep 2026
$670k
$603k – $737k
AI approach$620k
CAP approach$645k
Submarket $/SF estimate$748k
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$6k
Operating expenses−$19k
NOI · 795.96% cap applied$28k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$246/SF
County average, outlier-cleaned · 335 recorded sales of this use type
Observed band · Q1–Q3$127 – $437
Qualifying comparables5

Cap rate analysis

How does the asset earn?
795.96%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOKALOOSA

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant27.8
Building Supply27.1
Auto Repair Shop26.3

Location

4 9Th Ave Shalimar, FL 32579
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
100 Sunset, Shalimar, FL 32579-1044 $1,450,000 Jan 2025 2,009 SF
3 Plew, Shalimar, FL 32579-1216 $251,200 Dec 2023 4,080 SF
2 Clifford, Shalimar, FL 32579-1293 $450,000 Oct 2022 5,442 SF
1271 Eglin, Shalimar, FL 32579-1255 $320,000 Dec 2021 3,200 SF
15 10th, Shalimar, FL 32579-1340 $575,000 Apr 2021 5,714 SF
74 3rd, Shalimar, FL 32579-1377 $575,000 Apr 2021 6,462 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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