New search
Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Retail space
425 Mary Esther Blvd, Mary Esther, FL 32569-1605
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-1974019
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,860 SF
Lot
0.68 ac (29,750 SF)
APN
16-2S-24-0291-0007-012D
UPID
US18-1974019
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
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$855k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Transition Holdings-mer LLC · 15 yrs held
Transition Holdings-mer LLC
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$950,000
+28.3%
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 Mary Esther submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mary Esther 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%
$925,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
RETAIL STORES
$740,000
Current use
COMMERCIAL (GENERAL)
$950,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: -18% · Conversion: Moderate
AUTO REPAIR, GARAGE
$595,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$170 / 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
$7,747
Tax year 2023
Assessed value
$539,577
Assessed 2023
Previous assessed
$514,257
+4.9% YoY
Effective rate
1.44%
On assessed value
Assessed land
$361,618
Assessed improvement
$177,959
Land market value
$361,618
Improvement market value
$177,959
Total market value
$539,577
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Units
1
Rooms
6
Total area
3,860 SF
Lot
0.68 ac (29,750 SF)
APN
16-2S-24-0291-0007-012D
UPID
US18-1974019
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
RETAIL STORES Current
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$595,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
6
Lot
0.68 ac
Current owner
From public records · entity-resolved
Transition Holdings-mer LLC
Entity
Mailing address
1650 MARGARET ST STE #302, JACKSONVILLE, FL 32204-3869
Ownership since
2010
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
Aug 27, 2010
$342,084
Transition Holdings-mer LLC
Transition Holindgs LLC
Warranty Deed
$1,041,250 · Fnbt Com Bank
Dec 29, 2009
$775,000
Transition Holdings LLC
Spirit Master Funding LLC
Grant Deed
$678,750 · Fnbt.com Bank
Apr 26, 2006
$1,095,000
Spirit Master Funding LLC
Spirit Finance Acquisitions Ll
Grant Deed
related
—
Apr 8, 2004
—
Barahills Buffet INC
Choctaw Food Systems INC
Grant Deed
related
—
Apr 8, 2004
$918,000
Spirit Finance Acquisitions Ll
Barnhills Buffet INC
Grant Deed
related
—
—
—
Transition Holdings LLC
—
Deed Of Trust
related
$757,800 · Fnbt Com Bank
—
—
Spirit Finance Acquisitions Ll
—
Deed Of Trust
related
$918,517 · Spirit Financial Corp
—
—
Transition Holdings LLC
—
Deed Of Trust
related
$606,240 · Fnbt Com 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 425 Mary Esther Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
