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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Strip malls
410 Government Ave Valparaiso, FL 32580-1061
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3663301
Property summary
AI-generated overview
This exceptional 2,000 square foot commercial space is ideally situated in the Pointe Plaza strip center in Valparaiso, Florida, at 410 Government Avenue, Units A & B. Currently occupied by Jan Pro services, this end-cap location offers excellent visibility and accessibility. The property boasts a desirable mix of retail and office tenants, including Enterprise Rent-a-Car, CPR & Co, Employment Services, T-Shirt Plus, and PSI Defense contractors, creating a strong synergistic environment. The interior features a welcoming reception area, a private office, a spacious conference room, ample storage, and two restrooms. Abundant parking is available for both employees and customers. The building benefits from prominent signage, ensuring high visibility for all tenants. The space is offered at a monthly rate of $3,132.92, which includes a base rent of $15 per square foot, plus $3.25 per square foot in NNN fees, and applicable sales tax. This presents a fantastic opportunity for businesses seeking a well-located, functional, and attractive commercial space in a thriving retail environment.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
STEEL FRAME
Total area
10,553 SF
Lot
2.41 ac (104,820 SF)
APN
12-1S-23-253E-0023-0010
UPID
US18-3663301
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
-
Front Line Transport Emerald Coast Freight Service Logistics Company
-
Enterprise Rent-A-Car Car Rental Facility
-
Planned Systems International, Inc. Corporate Office
-
All God's Children Daycare Center Foster Care Service
-
TSP Screenprinting & Embroidery (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.48M
Owner & transaction history
410 & 412 Property LLC · 4 yrs held
410 & 412 Property LLC
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+57.2%
Restaurant
$2.2M
+35.7%
Retail stores
$2.0M
+22.5%
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 Valparaiso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valparaiso 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
NEIGHBORHOOD: SHOPPING CENTER
$1,650,000
Current use
COMMERCIAL (GENERAL)
$2,595,000
Change: +57% · Conversion: Easy
RESTAURANT
$2,240,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$2,025,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,625,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±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
$235 / 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
$25,633
Tax year 2023
Assessed value
$1,785,609
Assessed 2023
Previous assessed
$1,785,609
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$590,756
Assessed improvement
$1,194,853
Land market value
$590,756
Improvement market value
$1,194,853
Total market value
$1,785,609
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
18
Total area
10,553 SF
Lot
2.41 ac (104,820 SF)
APN
12-1S-23-253E-0023-0010
UPID
US18-3663301
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
18
Lot
2.41 ac
Current owner
From public records · entity-resolved
410 & 412 Property LLC
Entity
Mailing address
947 RUSSELL AVEB, GAITHERSBURG, MD 20879-3254
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2021
$2,500,000
410 & 412 Property LLC
Scott Unlimited LLC
Warranty Deed
$2,000,000 · Trustmark National Bank
Jan 2, 2013
—
Scott Unlimited LLC
Scott,john L JR & Beverly R
Quit Claim Deed
—
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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