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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Commercial real estate
5 Clifford Dr Shalimar, FL 32579-1250
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-3378172
Property summary
AI-generated overview
This exceptional three-story, 5,000-square-foot office building in Shalimar, Florida, presents a compelling investment opportunity. Located at 5 Clifford Drive, 32579, this charming Williamsburg-style brick building boasts a grand entry with white columns and offers excellent visibility from Eglin Parkway, with convenient access from Clifford Drive. Built in 1985, the property sits on a 0.21-acre lot and includes twelve spacious offices, a lobby, kitchenette, restroom, and a conference room. Ample parking is provided with thirteen designated spaces plus additional street parking. The building is currently available for sale at $788,000. The property's ideal location offers easy access to Eglin Air Force Base and the Destin-Fort Walton Beach Airport (VPS), making it perfect for professional services firms, medical practices, business services, and Department of Defense contractors. The building is in excellent condition and features a triple-net (NNN) lease structure. The occupancy date is November 20, 2024. Don't miss this chance to acquire a well-maintained, highly visible office building in a prime location.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Construction
FRAME
Total area
4,676 SF
Lot
0.21 ac (9,281 SF)
APN
06-2S-23-224B-0002-0150
UPID
US18-3378172
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
-
Goodwin Law Group, P.A. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$570k
Owner & transaction history
Realty House INC
Realty House INC
since 2026
Last sale
$10,000
2 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 Shalimar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shalimar 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
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $10k (Sep 30 2024)
Last sale anchor
$10k
Sep 30 2024
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
$122 / 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
$3,811
Tax year 2023
Assessed value
$270,642
Assessed 2023
Previous assessed
$270,642
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$103,417
Assessed improvement
$167,225
Land market value
$103,417
Improvement market value
$167,225
Total market value
$270,642
Applied tax rate
7.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
8
Total area
4,676 SF
Lot
0.21 ac (9,281 SF)
APN
06-2S-23-224B-0002-0150
UPID
US18-3378172
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
1985
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
8
Lot
0.21 ac
Current owner
From public records · entity-resolved
Realty House INC
Entity
Free & Clear · 0 yrs held
Mailing address
3529 PRESERVE DR SE, ATLANTA, GA 30339-3737
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
$540,000
Realty House INC
Janet Anglea Dortch
Warranty Deed
—
Sep 30, 2024
—
Janet Anglea Dortch
Janet Angela Dortch
Deed Of Distribution
related
—
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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