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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Turn key restaurants
455 Eglin NE Pkwy Fort Walton Beach, FL 32547-2827
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-4042410
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,150 SF
Lot
0.62 ac (27,000 SF)
APN
01-2S-24-0180-0007-0090
UPID
US18-4042410
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
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.03M
Owner & transaction history
Pallet Bar & Grill LLC · 6 yrs held
Pallet Bar & Grill LLC
since 2020
Last sale
$800,000
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 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
$1,040,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $800k (Apr 7 2020)
Last sale anchor
$800k
Apr 7 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
$85 / 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
$8,491
Tax year 2023
Assessed value
$742,996
Assessed 2023
Previous assessed
$715,818
+3.8% YoY
Effective rate
1.14%
On assessed value
Assessed land
$418,950
Assessed improvement
$324,046
Land market value
$418,950
Improvement market value
$324,046
Total market value
$742,996
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Rooms
15
Bathrooms
1
Total area
12,150 SF
Lot
0.62 ac (27,000 SF)
APN
01-2S-24-0180-0007-0090
UPID
US18-4042410
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
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Rooms
15
Bathrooms
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Pallet Bar & Grill LLC
Entity
Mailing address
449 EGLIN PKWY NE, FORT WALTON BEACH, FL 32547-2827
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2025
—
The Pallet Bar And Grill LLC
—
Deed
related
$1,100,000 · Velocity Commercial Capital LLC
Apr 7, 2020
$800,000
Pallet Bar & Grill LLC
Fortune 900 LLC
Warranty Deed
—
Apr 7, 2020
$760,000
Saras,taveprungsenukul R Trust
Pallet Bar & Grill LLC
Dual Purpose Document
$760,000 · Saras Taveprungsenukul R Trust
Oct 14, 2010
$1,035,000
Fortune 900 LLC
Helton,richard A
Grant Deed
—
Nov 20, 2009
—
Richarda A Helton
Helton,sirirat
Quit Claim Deed
related
—
May 2, 2002
$325,000
Richard A Helton
Wofford,charles D & Myra L
Grant Deed
$600,000 · Charles D & Myra L Wofford
—
—
Fortune 900 LLC
—
Deed Of Trust
related
$550,000 · First Cty Bk/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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