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    Property profile & analytics

    5196 State Hwy 2nd E Westville, FL 32464-2820

    • Retail space
    • 2,500 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-3623471
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 5196 State Hwy 2nd E

    Year built
    1962
    Lot size
    0.73 lot acres
    Property size
    2,500 SF
    Property type
    Retail space
    APN
    08-5N-18-12010-015-0010
    APU
    085N18120100150010

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Westville
    County
    Walton
    State
    Florida
    Longitude
    -86.057
    Latitude
    30.943
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $811
    $4,439
    $93,694
    $98,133
    -
    $4,439
    $93,694
    $98,133

    Comparable in this City

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      6,600 SF

      1654 Hwy 81

      RETAIL STORES (PERSONAL SERVICES) • 6,600 SF
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    • Value Estimation by Request
      3,429 SF

      2128 Hwy 90

      RETAIL STORES (PERSONAL SERVICES) • 3,429 SF
      2128 Hwy 90, Westville, FL 32464-5204
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    • Value Estimation by Request
      3,640 SF

      1959 Hwy 2nd 2

      RETAIL STORES (PERSONAL SERVICES) • 3,640 SF
      1959 Hwy 2nd 2, Westville, FL 32464-3029
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    • Value Estimation by Request
      2,116 SF

      1574 Hwy 185

      RETAIL STORES (PERSONAL SERVICES) • 2,116 SF
      1574 Hwy 185, Westville, FL 32464-9507
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    • Value Estimation by Request
      3,771 SF

      1064 Hwy 81

      RETAIL STORES (PERSONAL SERVICES) • 3,771 SF
      1064 Hwy 81, Westville, FL 32464-8190
      View Details
    • Value Estimation by Request
      12,480 SF

      1980 Fl-81

      Individual retail properties • 12,480 SF
      1980 Fl-81, Westville, FL 32464
      View Details

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    5196 State Hwy 2nd E
    Westville, FL 32464-2820
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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