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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail properties & Spaces
401 James Lee Blvd Crestview, FL 32539-2828
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0846936
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,056 SF
Lot
1.56 ac (67,750 SF)
APN
17-3N-23-2490-0071-00A0
UPID
US19-0846936
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
-
Hall's Welding-Ornamental Iron General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$555k
Owner & transaction history
John J O'connor · 6 yrs held
John J O'connor
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$745,000
+72.1%
Neighborhood: shopping center
$635,000
+46.2%
Auto repair, garage
$625,000
+44.1%
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 Crestview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crestview 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$435,000
Current use
COMMERCIAL (GENERAL)
$745,000
Change: +72% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$625,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$530,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$460,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$137 / 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
$3,678
Tax year 2023
Assessed value
$227,370
Assessed 2023
Previous assessed
$301,411
-24.6% YoY
Effective rate
1.62%
On assessed value
Assessed land
$227,370
Land market value
$227,370
Total market value
$227,370
Applied tax rate
3.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Rooms
3
Total area
4,056 SF
Lot
1.56 ac (67,750 SF)
APN
17-3N-23-2490-0071-00A0
UPID
US19-0846936
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$745,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$625,000
RETAIL STORES
Est. value
$530,000
WAREHOUSE, STORAGE
Est. value
$460,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Rooms
3
Lot
1.56 ac
Current owner
From public records · entity-resolved
John J O'connor
Individual
Mailing address
436 E JAMES LEE BLVD, CRESTVIEW, FL 32539-2802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jun 19, 2020
—
John J O'connor
Miriam E Parker
Grant Deed
related
—
Apr 28, 2009
—
Leroy R Wolf
Ferdon,benjamin B
Warranty Deed
related
—
Oct 3, 2006
$583,000
John J O'connor JR.
Sand Creek LLC
Warranty Deed
$563,000 · Sand Creek LLC
Oct 3, 2006
—
Freedom Media LLC
Parker,bobby J
Grant Deed
related
—
Jul 19, 2005
$345,000
Sand Creek LLC
Steele,jason D
Warranty Deed
$300,000 · Walter T JR Parker
Dec 2, 2003
$150,000
Jason D Steele
Crawford,addie S
Grant Deed
$105,265 · Robert E Dale
Apr 24, 1997
$62,500
Addie S Crawford
Hallford,c L
Grant Deed
$75,000 · Compass Bank
—
—
Jason D Steele
—
Deed Of Trust
related
$123,200 · Vanguard Bank & Trust Co
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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