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Property profile & analytics
OFF-MARKET
Turn key restaurants
4 Ln Dr Mary Esther, FL 32569-1918
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1800092
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1953
Construction
FRAME
Total area
2,741 SF
Lot
0.11 ac (4,774 SF)
APN
16-2S-24-1710-000L-001B
UPID
US18-1800092
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patriot Technologies Nwf INC · 2 yrs held
Patriot Technologies Nwf INC
since 2023
Last sale
$229,000
5 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 Mary Esther submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mary Esther 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,108
Tax year 2023
Assessed value
$77,151
Assessed 2023
Previous assessed
$71,063
+8.6% YoY
Effective rate
1.44%
On assessed value
Assessed land
$35,403
Assessed improvement
$41,748
Land market value
$35,403
Improvement market value
$41,748
Total market value
$77,151
Applied tax rate
5.0000
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
1953
Construction
FRAME
Heating
CONVECTION
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
2,741 SF
Lot
0.11 ac (4,774 SF)
APN
16-2S-24-1710-000L-001B
UPID
US18-1800092
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
1953
Construction
FRAME
Heating
CONVECTION
Cooling
Yes
Stories
1
Rooms
6
Lot
0.11 ac
Current owner
From public records · entity-resolved
Patriot Technologies Nwf INC
Entity
Mailing address
5 LN DR E STE E, MARY ESTHER, FL 32569-2900
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
$229,000
Patriot Technologies Nwf INC
Alvin Curtis
Warranty Deed
$148,750 · The First A National Banking Assn
May 11, 2010
$120,000
Lane Trust
Dent,frederick R & Diane M
Warranty Deed
—
May 2, 2005
$125,000
Frederick R Dent
Bethea,mark G
Warranty Deed
$93,750 · Regions Bank
Apr 19, 2005
$1,362,500
Mark G Bethea
Biggs,franklin B
Grant Deed
$1,400,300 · Vanguard Bank & Trust Co
Jun 8, 2004
—
Mark G Bethea
Biggs,franklin B
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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