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    Property profile & analytics

    4040 Ferdon Blvd Crestview, FL 32536-5219

    • Motels
    • 29,038 SF
    • 3.23 lot acres
    OFF-MARKET
    Last Sale
    Nov 18, 2022
    $3,500,000
    Value Estimations
    $3,665,000
    Show details
    Cap Rate Potential
    2.9%
    Motels
    Location Intelligence
    Property ID
    US18-4507695
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Baymont by Wyndham Crestview / Hotel & Motel

    Property Details for 4040 Ferdon Blvd

    Year built
    2000
    Construction
    FRAME
    Lot size
    3.23 lot acres
    Property size
    29,038 SF
    Property type
    Motels
    APN
    32-3N-23-0000-0042-002B
    APU
    323N2300000042002B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,805,000
      ML approach
      $3,865,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,605,000
      NEIGHBORHOOD: SHOPPING CENTER
      $3,840,000
      RESTAURANT
      $3,480,000
      RETAIL STORES
      $2,780,000
      AUTO REPAIR, GARAGE
      $2,325,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5707
    Latitude
    30.7203
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,538
    $709,210
    $1,425,660
    $2,134,870
    -
    $709,210
    $1,425,660
    $2,134,870

    Comparable in this City

    • Value Estimation
      $1,440,000
      52,236 SF

      110 Crosson St

      MOTEL • 52,236 SF
      110 Crosson St, Crestview, FL 32536-5302
      View Details
    • Value Estimation
      $1,045,000
      17,778 SF

      4050 Ferdon Blvd

      MOTEL • 17,778 SF
      4050 Ferdon Blvd, Crestview, FL 32536-5219
      View Details
    • Value Estimation
      $910,000
      27,890 SF

      151 Cracker Barrel Dr

      MOTEL • 27,890 SF
      151 Cracker Barrel Dr, Crestview, FL 32536-2230
      View Details
    • Value Estimation
      $3,885,000
      17,170 SF

      4255 Ferdon Blvd

      MOTEL • 17,170 SF
      4255 Ferdon Blvd, Crestview, FL 32536-5224
      View Details
    • Value Estimation
      $3,835,000
      17,046 SF

      3925 Ferdon Blvd

      MOTEL • 17,046 SF
      3925 Ferdon Blvd, Crestview, FL 32536-5218
      View Details
    • Value Estimation
      $4,325,000
      15,948 SF

      3709 Ferdon Blvd

      MOTEL • 15,948 SF
      3709 Ferdon Blvd, Crestview, FL 32536-5214
      View Details

    Similar Nearby for Sale

    • $680,000
      6.80 Acres

      Crestview Commercial Land - 6.8 Acres

      Prime Commercial Land Near I-10
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    • $629,000
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      High-Traffic Retail Space, Crestview, FL

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    • $79,000

      20 Acres Wooded Land Parcel

      20 acres of wooded land near Shoal River.
      20 Ac Lacey Ln, Crestview, FL 32536
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    • Contact for pricing
      0.40 Acres

      Vacant Lot in Silver Oaks

      Spacious lot in Crestview's desirable Silver Oaks Subdivision.
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    • Contact for pricing

      Crestview Hwy 90 Retail Space

      Brand-new commercial space, Hwy 90 access.
      200 Highway 90, Crestview, FL 32536
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    • $470,000

      Land on Busy Highway 85

      Mixed-use property on a busy highway, perfect for business.
      5921 Highway 85 N, Crestview, FL 32536
      View Details

    Similar Nearby for Lease

    • $1,559 /Mo

      Retail/Office Space on Hwy 90

      New commercial space for lease near I-10 connection.
      200 2Nd Ave, Crestview, FL 32536
      View Details
    • $6,024 /Mo

      Retail Space in High-Traffic Center

      Former music space in a busy retail center for rent.
      316 W James Lee Blvd, Crestview, FL 32536
      View Details
    • $3,000 /Mo
      1,400 SF

      Crestview Office Space For Lease

      Historic Main Street Office, 1400 sq ft
      102 - 104 N Main St, Crestview, FL 32536
      View Details
    • $22 SF/Yr
      2,100 SF

      Retail Space in Court Plaza

      Retail space for lease in Crestview, Florida shopping center.
      2221-2223 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $17 SF/Yr
      1,991 SF

      Crestview Retail Space - Hwy 85 Frontage

      High-traffic retail space, excellent visibility.
      916 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $23 SF/Yr
      1,200 SF

      Crestview Retail Space - Suite 3060

      High-traffic retail space, excellent location.
      2535 2499 S Ferdon Blvd, Crestview, FL 32536
      View Details
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    Crestview, FL 32536-5219
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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