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Property profile & analytics
OFF-MARKET
Estimated value
$2,395,000
Commercial real estate
417 Racetrack NW Rd Fort Walton Beach, FL 32547-4612
Entity Owned
~
Est. High Equity
Property ID
US18-5194796
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Construction
STEEL FRAME
Total area
20,774 SF
Lot
1.92 ac (83,503 SF)
APN
03-2S-24-0000-0017-0000
UPID
US18-5194796
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
-
Healing You! THERAPY Medical Clinic
-
Angel Williamson Imaging Center Medical Clinic
-
Emerald Coast Gastroenterology Medical Clinic
-
Clarkson Fort Walton: Doolin Jr G William OD Physician
-
Lotus Learning & Arts Center Special Education Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.40M
Owner & transaction history
Team Anastasio Enterprises LLC
Team Anastasio Enterprises LLC
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fort Walton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Walton Beach 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
$3,250,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.63M · ±10% · vs last sale $2.15M (Dec 29 2025)
Last sale anchor
$2.15M
Dec 29 2025
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
$115 / 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
$16,447
Tax year 2023
Assessed value
$1,328,477
Assessed 2023
Previous assessed
$1,318,491
+0.8% YoY
Effective rate
1.24%
On assessed value
Assessed land
$581,439
Assessed improvement
$747,038
Land market value
$581,439
Improvement market value
$747,038
Total market value
$1,328,477
Applied tax rate
12.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
6
Rooms
54
Total area
20,774 SF
Lot
1.92 ac (83,503 SF)
APN
03-2S-24-0000-0017-0000
UPID
US18-5194796
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
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
6
Rooms
54
Lot
1.92 ac
Current owner
From public records · entity-resolved
Team Anastasio Enterprises LLC
Entity
Mailing address
PO BOX 877, DESTIN, FL 32540-0877
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
$2,150,000
Team Anastasio Enterprises LLC
RT Business Park LLC
Warranty Deed
—
Nov 20, 2009
$500,000
RT Business Park LLC
RT Business Park LLC
Warranty Deed
related
—
Mar 10, 2009
$120,000
RT Business Park LLC
Saba,joyce
Warranty Deed
—
Sep 9, 2008
—
Richard Prokesch
Bankers Choice INC
Grant Deed
related
—
May 30, 2008
$435,000
R T Business Park LLC
Bankers Choice INC
Warranty Deed
$173,500 · Bankers Choice INC
Nov 9, 2006
$100,000
Richard Prokesch
Banker Choice INC
Warranty Deed
—
Feb 1, 2005
$173,300
Development Advisors INC
Bankers Choice INC
Warranty Deed
—
Mar 30, 2001
$1,395,000
Bankers Choice INC
Davis,anastasia
Grant Deed
$600,000 · Rabun County Bank
—
—
RT Business Park LLC
—
Loan Modification
related
$500,000 · Regions Bank
—
—
RT Business Park LLC
—
Deed Of Trust
related
$500,000 · Regions Bank
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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