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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Outlet malls
5167 San Blas St, Milton, FL 32583-5801
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-6554934
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2017
Construction
STEEL FRAME
Total area
10,095 SF
Lot
1.03 ac (44,954 SF)
Zoning code
HCD
APN
40-1N-28-0090-47400-0190
UPID
US18-6554934
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
-
FedEx OnSite Postal Service Courier Service
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
$1.67M
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.44M
Owner & transaction history
Gg&b Investments LLC · 2 yrs held
Gg&b Investments LLC
since 2023
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
HCD · Milton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+126.0%
Medical building
$1.7M
+81.7%
Warehouse, storage
$1.6M
+71.9%
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
$1,175,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
$1,810,000
6.5%
$1,670,000
7%
$1,550,000
Alternative Use
Use
Estimation
RETAIL STORES
$940,000
Current use
RESTAURANT
$2,130,000
Change: +126% · Conversion: Easy
MEDICAL BUILDING
$1,710,000
Change: +82% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,620,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,190,000
Change: +26% · Conversion: Easy
OFFICE BUILDING
$950,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.63M (Oct 31 2023)
Last sale anchor
$1.63M
Oct 31 2023
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
$142 / 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
$13,400
Tax year 2023
Assessed value
$1,299,726
Assessed 2023
Previous assessed
$980,447
+32.6% YoY
Effective rate
1.03%
On assessed value
Assessed land
$119,800
Assessed improvement
$1,179,926
Land market value
$119,800
Improvement market value
$1,179,926
Total market value
$1,299,726
Applied tax rate
11.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
2
Total area
10,095 SF
Lot
1.03 ac (44,954 SF)
Zoning code
HCD
APN
40-1N-28-0090-47400-0190
UPID
US18-6554934
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Milton, FL
Zoning HCD · permitted uses
HCD · Milton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$940,000
RESTAURANT
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$950,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
1.03 ac
Current owner
From public records · entity-resolved
Gg&b Investments LLC
Entity
Mailing address
1235 TRADEPORT DR, ORLANDO, FL 32824-6801
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$1,625,000
Gg&b Investments LLC
Jeffrey E Willett
Special Warranty Deed
$1,000,000 · Karen Georgia
Jul 18, 2017
$1,654,000
Willett Dekalb Industrial Trust
Teramore Dev LLC
Grant Deed
—
Jan 30, 2017
$325,000
Teramore Development LLC
Candice L Barnette
Personal Representative Deed
$1,033,660 · Thopmasville National Bank
Apr 25, 2007
—
Santa Rosa County Florida
Lewis,amelda L
Warranty Deed
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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