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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Commercial land
42 Laird Rd Crestview, FL 32539-9200
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-9866970
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2000
Total area
1,350 SF
Lot
3.9 ac (169,884 SF)
APN
20-3N-21-37000-002-0014
UPID
US18-9866970
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$377k
Blend (final)
Blend
$625k
Owner & transaction history
James L Henderson · 1 yrs held
James L Henderson
since 2025
Last sale
$625,000
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 Crestview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crestview 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
$660,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (May 6 2025)
Last sale anchor
$625k
May 6 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
$463 / 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
$1,565
Tax year 2023
Assessed value
$188,097
Assessed 2023
Previous assessed
$208,788
-9.9% YoY
Effective rate
0.83%
On assessed value
Assessed land
$188,097
Land market value
$188,097
Total market value
$188,097
Applied tax rate
5.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2000
Heating
STEAM
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,350 SF
Lot
3.9 ac (169,884 SF)
APN
20-3N-21-37000-002-0014
UPID
US18-9866970
Jurisdiction
WALTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2000
Heating
STEAM
Cooling
Yes
Stories
1
Bathrooms
2
Lot
3.9 ac
Current owner
From public records · entity-resolved
James L Henderson
Individual
Mailing address
821 PLAYGROUND RD, FORT WALTON BEACH, FL 32547-2201
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
$625,000
James L Henderson
Lnk Development INC
Warranty Deed
—
Aug 1, 2022
—
Lnk Development INC
—
Deed
related
$206,000 · First National Bank Northwest Florida
Dec 13, 2021
$227,500
Lnk Development INC
Jay R Brown
Warranty Deed
—
Mar 3, 2021
$120,000
Jay R Brown
John C Moran
Warranty Deed
—
Sep 12, 2008
$112,500
John C Moran
Webb,barbara A
Warranty Deed
—
Jun 17, 2008
—
Barbara A Webb
Mccaine,ben & Barbara W
Quit Claim Deed
related
—
—
—
Ben R Necaise
—
Deed Of Trust
related
$10,013 · Vanguard Bank & Trust Co
—
—
Ben Necaise
—
Deed Of Trust
related
$100,000 · Vanguard Bank & Trust Co
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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