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Property profile & analytics
OFF-MARKET
Estimated value
$8,655,000
Grocery and convenience stores
5353 Ferdon Blvd 101 Crestview, FL 32536-5239
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-8464042
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2019
Construction
FRAME
Total area
15,718 SF
Lot
4.2 ac (183,149 SF)
APN
05-2N-23-3001-0000-0010
UPID
US18-8464042
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
-
Little Caesars Pizza Restaurant
-
CEFCO Convenience Store Grocery & Convenience Store
-
Western Union Bank Credit Union
-
Bitcoin Depot - Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.66M
CAP Approach
CAP
$6.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.66M
Owner & transaction history
7s Investments LLC · 1 yrs held
7s Investments LLC
since 2024
Last sale
$8.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.4M
+240.7%
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
$8,655,000
ML approach
$8,655,000
CAP Approach
CAP Return
Estimation
6%
$7,065,000
6.5%
$6,525,000
7%
$6,055,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,380,000
Change: +241% · Conversion: Moderate
Blend value · Realmo final
$8.66M
Range $7.79M – $9.52M · ±10% · vs last sale $8.65M (Dec 19 2024)
Last sale anchor
$8.65M
Dec 19 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
$551 / 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
$20,434
Tax year 2023
Assessed value
$2,093,709
Assessed 2023
Previous assessed
$2,016,022
+3.9% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,276,578
Assessed improvement
$817,131
Land market value
$1,276,578
Improvement market value
$817,131
Total market value
$2,093,709
Applied tax rate
1.0000
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
2019
Construction
FRAME
Heating
FORCED AIR
Cooling
OTHER
Rooms
8
Total area
15,718 SF
Lot
4.2 ac (183,149 SF)
APN
05-2N-23-3001-0000-0010
UPID
US18-8464042
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
OFFICE BUILDING
Est. value
$8.4M
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
2019
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Rooms
8
Lot
4.2 ac
Current owner
From public records · entity-resolved
7s Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
707 THISTLEWOOD DR, HOUSTON, TX 77079-4426
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
$8,653,846
7s Investments LLC
Quill Holdings LLC
Warranty Deed
—
Dec 12, 2022
$7,500,000
Quill Holdings LLC
Fikes Wholesale INC
Special Warranty Deed
$5,250,000 · Citizens National Bank
Dec 12, 2022
—
Fikes Wholesale INC
Quill Holdings LLC
Lease
—
Oct 26, 2018
$1,250,000
Fikes Whilesale INC
Jrj Capital LLC
Warranty Deed
$5,568,983 · The Citizens National Bank Of Merid
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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