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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Banks
400 Gulf Breeze Pkwy Gulf Breeze, FL 32561-4495
Entity Owned
17-yr Hold
Property ID
US19-0492972
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
17,640 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C1
APN
04-3S-29-0000-00105-0000
UPID
US19-0492972
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
-
Emerald Coast Pediatric Sleep Consultants, LLC Physician
-
Jhablall Balmakund Physician Medical Clinic
-
Mailande Dedeaux Physician
-
Shannon Manning Physician
-
Dystonia & Spasticity Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$845k
Blend (final)
Blend
$715k
Owner & transaction history
400 Gbp LLC · 17 yrs held
400 Gbp LLC
since 2008
7 recorded transactions
Zoning & alternative use
C1 · Gulf Breeze, FL
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 Gulf Breeze submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Breeze 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
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$820,000
Current use
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$41 / 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
$31,645
Tax year 2023
Assessed value
$2,459,990
Assessed 2023
Previous assessed
$2,050,309
+20.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$553,660
Assessed improvement
$1,906,330
Land market value
$553,660
Improvement market value
$1,906,330
Total market value
$2,459,990
Applied tax rate
1.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
31
Bathrooms
4
Total area
17,640 SF
Lot
1.1 ac (47,916 SF)
Zoning code
C1
APN
04-3S-29-0000-00105-0000
UPID
US19-0492972
Jurisdiction
SANTA ROSA
Zoning & alternative use
C1 · Gulf Breeze, FL
Zoning C1 · permitted uses
C1 · Gulf Breeze, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gulf Breeze. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$820,000
FINANCIAL BUILDING Current
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
31
Bathrooms
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
400 Gbp LLC
Entity
Mailing address
224 NORTHCLIFFE DR, GULF BREEZE, FL 32561-4440
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2019
—
400 Gbp LLC
—
Deed
related
$200,000 · Regions Bank
Mar 14, 2018
—
400 Gbp LLC
—
Deed
related
$629,472 · Synovus Bk
Aug 6, 2008
$2,930,000
400 Gbp LLC
Development South LLC
Warranty Deed
$2,637,000 · Gulf Coast Community Bank
Jul 12, 2006
$1,650,000
Development South LLC
Solid Investment & Mgmt INC
Warranty Deed
$2,400,000 · Gulf Coast Community Bank
Jul 13, 2005
$800,000
Solid Investment & Mgmt INC
Boma Properties LLC
Warranty Deed
$650,000 · Sterling Bank
Sep 3, 2003
$1,895,000
Boma Properties LLC
Jenkins,robert B
Grant Deed
$1,500,000 · Regions Bank
—
—
400 Gbp LLC
—
Deed Of Trust
related
$293,000 · Christopher Bellone
—
—
400 Gbp LLC
—
Loan Modification
related
—
—
—
400 Gbp LLC
—
Deed Of Trust
related
$629,472 · Synovus Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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