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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Medical Office Space
4244 Avalon Blvd Milton, FL 32583-2808
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-7523825
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
STEEL FRAME
Total area
10,401 SF
Lot
11.79 ac (513,660 SF)
Zoning code
HCD
APN
18-1N-28-0000-05500-0000
UPID
US18-7523825
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
-
West Florida Medical Group - Avalon Medical Clinic
-
Bill Bautsch Physician
-
Anil Harrison, MD Physician
-
HCA Florida West Primary Care - Avalon Physician
-
Jennifer Haugen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$993k
Blend (final)
Blend
$1.47M
Owner & transaction history
Cronley Investment Properties LLC · 7 yrs held
Cronley Investment Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
HCD · Milton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Unified Development Code PDF
Top alternative use upside
Restaurant
$2.2M
+24.4%
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
MEDICAL BUILDING
$1,765,000
Current use
RESTAURANT
$2,195,000
Change: +24% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,665,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±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
$141 / 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
$22,080
Tax year 2023
Assessed value
$2,081,748
Assessed 2023
Previous assessed
$1,430,317
+45.5% YoY
Effective rate
1.06%
On assessed value
Assessed land
$729,065
Assessed improvement
$1,352,683
Land market value
$729,065
Improvement market value
$1,352,683
Total market value
$2,081,748
Applied tax rate
11.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
24
Bathrooms
6
Total area
10,401 SF
Lot
11.79 ac (513,660 SF)
Zoning code
HCD
APN
18-1N-28-0000-05500-0000
UPID
US18-7523825
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Milton, FLZoning HCD · permitted uses
HCD · Milton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Unified Development Code PDF
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.7M
MEDICAL BUILDING Current
RESTAURANT
WAREHOUSE, STORAGE
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
2015
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
24
Bathrooms
6
Lot
11.79 ac
Current owner
From public records · entity-resolved
Cronley Investment Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1401 E BELMONT ST, PENSACOLA, FL 32501-4321
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2019
$1,153,000
Cronley Investment Properties LLC
Tcip-e LLC
Warranty Deed
—
Jan 4, 2019
—
Cronley Invs Prop LLC
—
Deed
related
$1,152,970 · Hancock Whitney Bk
Aug 26, 2010
$300,000
Tcip-e LLC
Compass Dev Associates INC
Warranty Deed
—
Feb 4, 1998
$378,500
Compass Development Associates
Platis,james M
Grant Deed
—
—
—
Cronley Invs Prop LLC
—
Loan Modification
related
$1,152,970 · Hancock Whitney Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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