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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Grocery and convenience stores
510 Ferdon Blvd Crestview, FL 32536-2732
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5928444
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1994
Construction
STEEL FRAME
Total area
5,070 SF
Lot
0.37 ac (16,100 SF)
APN
17-3N-23-2490-0046-0010
UPID
US18-5928444
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
-
Sunoco Gas Station
-
Money Tree ATM Atm
-
Duke food mart Grocery & Convenience Store
-
Petro express Gas Station
-
Kooler Ice Machine Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$820k
Owner & transaction history
Pioneer Petroleum INC · 5 yrs held
Pioneer Petroleum INC
since 2020
Last sale
$715,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+35.7%
Commercial (general)
$895,000
+12.9%
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 Crestview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crestview 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
$855,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Current use
RESTAURANT
$1,075,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$895,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$780,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$640,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $715k (Aug 26 2020)
Last sale anchor
$715k
Aug 26 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
$162 / 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
$6,908
Tax year 2023
Assessed value
$426,994
Assessed 2023
Previous assessed
$410,311
+4.1% YoY
Effective rate
1.62%
On assessed value
Assessed land
$191,473
Assessed improvement
$235,521
Land market value
$191,473
Improvement market value
$235,521
Total market value
$426,994
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
5
Total area
5,070 SF
Lot
0.37 ac (16,100 SF)
APN
17-3N-23-2490-0046-0010
UPID
US18-5928444
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
$795,000
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$780,000
RETAIL STORES
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1994
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Lot
0.37 ac
Current owner
From public records · entity-resolved
Pioneer Petroleum INC
Entity
Mailing address
1420 BAYTOWNE CIR E, MIRAMAR BEACH, FL 32550-4890
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
Aug 26, 2020
$715,000
Pioneer Petroleum INC
Natural Petroleum INC
Warranty Deed
—
May 4, 2020
$535,500
Natural Petroleum INC
Spd-100 LLC
Warranty Deed
—
Feb 25, 2014
$898,000
Spd-100 LLC
Gulf Coast Petroleum 125 LLC
Warranty Deed
—
Oct 10, 2011
$785,000
Gulf Coast Petroleum 125 LLC
510 Ferndon Boulevard LLC
Grant Deed
$753,198 · Standard Insurance Co
Jun 30, 2010
$1,060,300
510 Ferdon Boulevard LLC
Fill-ups Food Stores III INC
Deed In Lieu Of Foreclosure
related
—
Jun 9, 2003
—
Exprezit Convenience Stores 99
Nugget Oil INC
Quit Claim Deed
related
—
—
—
Gulf Coast Petroleum 125 LLC
—
Loan Modification
related
$815,834 · Standard Insurance Co
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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