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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Auto shops
505 John Sims E Pkwy Niceville, FL 32578-2027
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4329196
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1993
Construction
STEEL FRAME
Total area
6,338 SF
Lot
0.84 ac (36,800 SF)
APN
07-1S-22-0000-0036-0000
UPID
US18-4329196
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
-
Niceville Auto Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.01M
Owner & transaction history
J & E Property Enterprises LLC · 1 yrs held
J & E Property Enterprises LLC
since 2024
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+37.8%
Retail stores
$1.2M
+24.3%
Neighborhood: shopping center
$990,000
+1.5%
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 Niceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niceville 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
AUTO REPAIR, GARAGE
$975,000
Current use
RESTAURANT
$1,345,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$1,215,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$990,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $1.00M (Sep 18 2024)
Last sale anchor
$1.00M
Sep 18 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
$159 / 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
$7,842
Tax year 2023
Assessed value
$588,238
Assessed 2023
Previous assessed
$571,139
+3.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$399,394
Assessed improvement
$188,844
Land market value
$399,394
Improvement market value
$188,844
Total market value
$588,238
Applied tax rate
6.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,338 SF
Lot
0.84 ac (36,800 SF)
APN
07-1S-22-0000-0036-0000
UPID
US18-4329196
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
AUTO REPAIR, GARAGE Current
Est. value
$975,000
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$990,000
AUTO REPAIR, GARAGE Current
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1993
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
J & E Property Enterprises LLC
Entity
Mailing address
PO BOX 1112, CANTONMENT, FL 32533-2059
Ownership since
2024
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
Dec 18, 2024
$1,000,000
J & E Property Enterprises LLC
Barney B Burks III
Warranty Deed
$850,000 · Ccb Community Bank
Sep 8, 2016
—
Barney B Burks III
—
Deed
related
$383,000 · Gulf Coast Cmnty Bk
May 15, 2000
$392,142
Barney B Burks
Burks,barney B
Grant Deed
related
$288,951 · Peoples First Community Bank
—
—
Barney B Burks III
—
Deed Of Trust
related
$515,000 · Wachovia Bank NA
—
—
Barney Burks III
—
Deed Of Trust
related
$432,200 · Coastal Bank & Trust
—
—
Barney B Burks III
—
Deed Of Trust
related
$383,000 · Gulf Coast Cmnty Bk
—
—
Barney B Burks
—
Deed Of Trust
related
$457,000 · First National Bank Crestview
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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