Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,925,000
Commercial land
544 Mary Esther Cut Off NW Fort Walton Beach, FL 32548-4064
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-7211844
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2005
Total area
74,793 SF
Lot
0.9 ac (39,400 SF)
APN
09-2S-24-1860-0016-0050
UPID
US18-7211844
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
-
LongHorn Steakhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.07M
Blend (final)
Blend
$5.93M
Owner & transaction history
Em Real Estate Development LLC · 2 yrs held
Em Real Estate Development LLC
since 2023
Last sale
$3.9M
5 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
Method
Estimation
Statistic approach
$6,095,000
ML approach
$6,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.93M
Range $5.33M – $6.52M · ±10% · vs last sale $3.91M (Aug 3 2023)
Last sale anchor
$3.91M
Aug 3 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
$79 / 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
$9,530
Tax year 2023
Assessed value
$683,484
Assessed 2023
Previous assessed
$639,599
+6.9% YoY
Effective rate
1.39%
On assessed value
Assessed land
$599,000
Assessed improvement
$84,484
Land market value
$599,000
Improvement market value
$84,484
Total market value
$683,484
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2005
Heating
NONE
Total area
74,793 SF
Lot
0.9 ac (39,400 SF)
APN
09-2S-24-1860-0016-0050
UPID
US18-7211844
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
2005
Heating
NONE
Lot
0.9 ac
Current owner
From public records · entity-resolved
Em Real Estate Development LLC
Entity
Free & Clear · 2 yrs held
Mailing address
25129 THE OLD RD STE #100, STEVENSON RANCH, CA 91381-2281
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2023
$3,910,000
Em Real Estate Development LLC
Djd Investments Of Florida II LLC
Special Warranty Deed
—
Jun 12, 2017
$16,100,000
Djd Investments Of Florida II LLC
Art Investments LLC
Grant Deed
—
Mar 25, 2010
—
Crystal Beach Dev Co Of Nw Florid
—
Trustees Deed
related
$300,000 · Whitney National Bank
Mar 1, 2010
—
Crystal Beach Dev Co Of Nw Florid
—
Deed Of Trust
related
$1,500,000 · Whitney National Bank
—
—
Art Investments LLC
—
Loan Modification
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 544 Mary Esther Cut Off NW?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
