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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
521 Mary Esther Cut Off NW Fort Walton Beach, FL 32548-4000
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-3111502
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1990
Construction
STEEL FRAME
Total area
7,250 SF
Lot
1.05 ac (45,920 SF)
APN
09-2S-24-0000-0093-0230
UPID
US18-3111502
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
-
Coin Connection Bitcoin ATM Atm
-
Chevron Gas Station
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
T & M United I LLC · 7 yrs held
T & M United I LLC
since 2019
7 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 Fort Walton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Walton Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,283
Tax year 2023
Assessed value
$522,379
Assessed 2023
Previous assessed
$497,913
+4.9% YoY
Effective rate
1.39%
On assessed value
Assessed land
$392,834
Assessed improvement
$129,545
Land market value
$392,834
Improvement market value
$129,545
Total market value
$522,379
Applied tax rate
4.0000
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
OTHER
Buildings
2
Stories
1
Rooms
5
Total area
7,250 SF
Lot
1.05 ac (45,920 SF)
APN
09-2S-24-0000-0093-0230
UPID
US18-3111502
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Lot
1.05 ac
Current owner
From public records · entity-resolved
T & M United I LLC
Entity
Mailing address
402 HIGH PT DR STE #101, COCOA, FL 32926-6602
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2019
$3,430,000
T & M United I LLC
Gulf Coast Properties 100 L
Warranty Deed
—
Apr 4, 2011
$1,100,000
Gulf Coast Properties 105 LLC
521 Mary Esther Cutoff LLC
Grant Deed
$887,470 · Standard Insurance Co
Jun 30, 2010
$2,629,800
521 Mary Esther Cutoff LLC
Tate Ents INC
Deed In Lieu Of Foreclosure
related
—
Dec 29, 2009
—
Fill-ups Food Stores III INC
—
Deed Of Trust
related
$8,000,000 · Stancorp Mortgage Investors
May 14, 1998
$1,519,000
Turkey Creek Properties LP
Roger H Wright Trustee
Grant Deed
—
Oct 3, 1996
—
Wright Trust
Wright,roger H
Quit Claim Deed
related
—
—
—
Gulf Coast Properties 106 LLC|gulf Coast
—
Deed Of Trust
related
$300,000 · Stancorp Mtg Invtrs
—
—
Tate Ents INC
—
Deed Of Trust
related
$11,700,000 · Vanguard Bank & Trust Co
—
—
Tate Ents INC
—
Deed Of Trust
related
$2,500,000 · Vanguard Bank & Trust 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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