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Property profile & analytics
OFF-MARKET
Car washes
40 Kelly NE Ave Fort Walton Beach, FL 32548-4430
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-1352929
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,581 SF
Lot
0.51 ac (22,433 SF)
APN
12-2S-24-0460-0018-0130
UPID
US18-1352929
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
-
Rub-A-Dub Car Wash Car Wash
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
Rub A Dub Car Wash Of Nwf LLC · 8 yrs held
Rub A Dub Car Wash Of Nwf LLC
since 2018
7 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 Fort Walton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Walton Beach 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
$2,963
Tax year 2023
Assessed value
$204,700
Assessed 2023
Previous assessed
$194,774
+5.1% YoY
Effective rate
1.45%
On assessed value
Assessed land
$128,351
Assessed improvement
$76,349
Land market value
$128,351
Improvement market value
$76,349
Total market value
$204,700
Applied tax rate
2.0000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,581 SF
Lot
0.51 ac (22,433 SF)
APN
12-2S-24-0460-0018-0130
UPID
US18-1352929
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Rub A Dub Car Wash Of Nwf LLC
Entity
Mailing address
101 OLD FRY RD UNIT 21C, SHALIMAR, FL 32579-1220
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2018
$450,000
Rub A Dub Car Wash Of Nwf LLC
Nalpak LLC
Warranty Deed
$450,000 · Nalpak LLC
Jun 28, 2010
$275,000
Nalpak LLC
Small Busn Ln Source LLC
Warranty Deed
—
Jun 17, 2010
—
Small Business Loan Source LLC
A Fine Hill Corp INC Coc
Trustees Deed
related
—
Apr 26, 2010
—
Small Busn Ln Source LLC
A Fini Hill Corp INC Coc
Trustees Deed
related
—
Jun 2, 2005
$795,000
A Fine Hill Corp INC
Lorton Enterprise INC
Warranty Deed
$665,000 · Small Business Loan Source LLC
Sep 11, 2000
$102,000
Lorton Enterprises INC
Lorton,larry P & Diana L
Grant Deed
related
$315,680 · Amsouth Bank
Mar 15, 2000
$102,000
Larry P Lorton
Thumma,merle
Grant Deed
$44,080 · Amsouth Bank
May 17, 1999
$92,500
Merle Thumma
Kiesel,thomas F & Ruth E
Grant Deed
—
Feb 11, 1998
—
Thomas D Kiesel
Etheredge Enterprises Ltd
Grant Deed
related
—
—
—
Fine Hill Corp INC
—
Deed Of Trust
related
$60,000 · Lorton Enterprises INC
—
—
A Fine Hill Corp
—
Deed Of Trust
related
$265,000 · Bank Of Pensacola
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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