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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Strip malls
446 Racetrack NW Rd Fort Walton Beach, FL 32547-3860
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4885103
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
STEEL FRAME
Total area
3,960 SF
Lot
0.71 ac (31,080 SF)
APN
34-1S-24-1990-0014-0000
UPID
US18-4885103
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
-
Living Word Ministries Church
-
Skin Care By Denisse Marjean Alternative Medicine Practice Spa & Massage Center
-
Blossom Nails Salon Nail Salon
-
Simone Beauty Salon Hair Salon Nail Salon
-
Nice Thrift Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$930k
Blend (final)
Blend
$685k
Owner & transaction history
Kline,nancy H Trust · 6 yrs held
Kline,nancy H Trust
since 2020
Last sale
$550,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$910,000
+46.6%
Retail stores
$855,000
+38.2%
Commercial (general)
$770,000
+24.5%
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
$715,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Current use
AUTO REPAIR, GARAGE
$910,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$855,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$770,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $550k (Feb 4 2020)
Last sale anchor
$550k
Feb 4 2020
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
$173 / 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
$8,690
Tax year 2023
Assessed value
$701,952
Assessed 2023
Previous assessed
$677,783
+3.6% YoY
Effective rate
1.24%
On assessed value
Assessed land
$319,873
Assessed improvement
$382,079
Land market value
$319,873
Improvement market value
$382,079
Total market value
$701,952
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
4
Rooms
13
Total area
3,960 SF
Lot
0.71 ac (31,080 SF)
APN
34-1S-24-1990-0014-0000
UPID
US18-4885103
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 Current
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$910,000
RETAIL STORES
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
4
Rooms
13
Lot
0.71 ac
Current owner
From public records · entity-resolved
Kline,nancy H Trust
Trust
Mailing address
930 POCAHONTAS DR, FORT WALTON BEACH, FL 32547-3283
Ownership since
2020
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
Feb 4, 2020
—
Kline,nancy H Trust
Kline Lawrence N Trust
Quit Claim Deed
related
—
Sep 6, 2006
—
Kline Lawrence N Trust
Kline,larry N & Nancy H
Quit Claim Deed
related
$460,000 · First National Bank
May 19, 2005
$550,000
Larry N Kline
Hudson,harold R
Warranty Deed
$160,000 · Regions Bank
May 18, 2005
$222,900
Harold R Hudson
Hudson,bart G
Warranty Deed
related
—
—
—
Kline,lawrence N Trust
—
Deed Of Trust
related
$355,000 · First Nat'l Bk/nw Fl
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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