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Property profile & analytics
FOR LEASE
Flex space
410 Washington St Cantonment, FL 32533
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4905415
For Lease
1 / 178
$6.75 SF/Yr
410 Washington St, Cantonment, FL 32533
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Property summary
AI-generated overview
This exceptional Class A industrial warehouse, totaling 16,418 square feet, presents a unique leasing opportunity in Escambia County's Cantonment submarket. Situated on a 2.75-acre shared parcel (1.79 acres assigned to this property), this single-tenant property boasts a desirable location near the International Paper Mill, offering convenient access to major transportation routes. The warehouse features a functional layout including 5 dock-high doors and 2 ground-level doors, ensuring efficient loading and unloading. A 750-square-foot office space provides ample administrative area. The building's 14-foot eave height maximizes storage capacity. Previously used as a consumer product manufacturing facility, this property benefits from its proximity to a rail spur, providing additional logistical advantages. Currently occupied, the property requires a 60-day notice to vacate, allowing for a smooth transition for the new tenant. The property is zoned IND and its APN is 161N311000019005. This is an excellent opportunity for businesses seeking a well-maintained, strategically located industrial space in a thriving area.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1963
Construction
METAL FRAME
Total area
23,445 SF
Lot
1.8 ac (78,408 SF)
Zoning code
IND
APN
16-1N-31-1000-019-005
UPID
US18-4905415
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
-
Trailer Parts Plus of Florida Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
410 Washington LLC · 5 yrs held
410 Washington LLC
since 2020
Last sale
$2.4M
2 recorded transactions
Zoning & alternative use
IND · Cantonment, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.5M
+78.0%
Auto repair, garage
$3.3M
+65.6%
Office building
$3.2M
+58.4%
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 Cantonment submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cantonment 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
$2,755,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,205,000
6.5%
$2,035,000
7%
$1,890,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,990,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,540,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,290,000
Change: +66% · Conversion: Easy
OFFICE BUILDING
$3,150,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,120,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$2,930,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±10% · vs last sale $2.38M (Sep 25 2020)
Last sale anchor
$2.38M
Sep 25 2020
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
$102 / 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
$7,988
Tax year 2023
Assessed value
$444,130
Assessed 2023
Previous assessed
$388,843
+14.2% YoY
Effective rate
1.80%
On assessed value
Land market value
$22,500
Improvement market value
$421,630
Total market value
$444,130
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1963
Construction
METAL FRAME
Heating
YES
Stories
1
Bathrooms
3
Total area
23,445 SF
Lot
1.8 ac (78,408 SF)
Zoning code
IND
APN
16-1N-31-1000-019-005
UPID
US18-4905415
Jurisdiction
ESCAMBIA
Zoning & alternative use
IND · Cantonment, FL
Zoning IND · permitted uses
IND · Cantonment, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cantonment. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1963
Construction
METAL FRAME
Heating
YES
Stories
1
Bathrooms
3
Lot
1.8 ac
Current owner
From public records · entity-resolved
410 Washington LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1908 MCKINLEY ST, ROCKLIN, CA 95765-5866
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2020
—
410 Washington LLC
Industrial Caraustar
Grant Deed
—
Aug 19, 2009
—
Caraustar Indl
Owner Name Unavailable
Quit Claim Deed
related
—
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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