Entity Owned Property summary
AI-generated overview
Dolphin Plaza is a strip retail center on Mary Esther Blvd in the primary retail corridor of Mary Esther, located directly across from Santa Rosa Mall. The center consists of a 12,052-square-foot retail property with surface parking for tenants and customers. The site has frontage on Mary Esther Blvd and is positioned to support prominent roadside identification, including pylon signage; it is situated in a high-traffic retail trade area associated with Eglin Air Force Base and Hurlburt Field, contributing to a daytime customer base of military personnel and local residents. Current tenant mix includes Subway, Ayr Cannabis Dispensary, and a nail salon, and the surrounding area includes national and regional retailers such as Publix, Panera Bread, Starbucks, Target, Home Depot, TJ Maxx, McDonald’s, Beall’s, Dillard’s, Old Navy, Sam’s Club, Books-A-Million, and Petland. The property includes available retail suites of approximately 1,880 square feet and a 2,368-square-foot restaurant-ready suite, each configured for neighborhood retail use.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
STEEL FRAME
Total area
13,231 SF
Lot
1.33 ac (57,900 SF)
APN
16-2S-24-0291-0007-012E
UPID
US18-3995958
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
-
Take-out & Catering
-
(Bike/Boat/Book/etc) Store Cosmetic Store
-
(Bike/Boat/Book/etc) Store
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.99M
Owner & transaction history
Zoning & alternative use
Top alternative use upside
Commercial (general)
$3.3M
+57.2%
Restaurant
$2.8M
+35.7%
Retail stores
$2.5M
+22.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.99M
Value range
$2.69M – $3.29M
±10% around blend
Estimated value / SF
$226 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$2.69M
blend $2.99M
$3.29M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,231 SF
Lot area
1.33 ac
Year built
1979
Stories
1
APN
16-2S-24-0291-0007-012E
Assessed value
$1,205,173
Annual tax
$15,793
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.53M
Range $1.40M – $3.11M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.99M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 32 sales
$157
+44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $226/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+57%
vs current-use indication
Restaurant
Retail Stores
Neighborhood: Shopping Center · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.21M
Move the market yield to see immediate price impact.
Value / SF
$91
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$76k
$1.52M
$1.08M
$844k
$84k
$1.69M
$1.21M
$937k
$93k
$1.86M
$1.33M
$1.03M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,793
Tax year 2023
Assessed value
$1,205,173
Assessed 2023
Previous assessed
$1,205,173
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$615,358
Assessed improvement
$589,815
Land market value
$615,358
Improvement market value
$589,815
Total market value
$1,205,173
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
5
Rooms
23
Total area
13,231 SF
Lot
1.33 ac (57,900 SF)
APN
16-2S-24-0291-0007-012E
UPID
US18-3995958
Jurisdiction
OKALOOSA
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
5
Rooms
23
Lot
1.33 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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