Property profile

407 Miracle Strip SW Pkwy Fort Walton Beach, FL 32548

OFF-MARKET
Motels
Property ID
US18-6826106
45,618 SF 2.66 ac lot Built 2018
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 2018
Construction FRAME
Total area 45,618 SF
Lot 2.66 ac (116,000 SF)
APN 15-2S-24-0000-0006-00A3
UPID US18-6826106

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

407 Miracle Strip SW Pkwy Fort Walton Beach, FL 32548-4501
Fort Walton Beach metro Census 22900 CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$1.08M

Owner & transaction history

since 2023
7 recorded transactions
2025
Price N/A
2023
Price N/A
2008
$2.2M
2005
$4.6M
2005
$3.7M
1999
$650,000
1998
$195,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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