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Property profile & analytics
OFF-MARKET
Estimated value
$6,585,000
Manufacturing properties
5486 Fairchild Rd, Crestview, FL 32539-8410
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4364234
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Construction
STEEL FRAME
Total area
79,691 SF
Lot
26 ac (1,132,560 SF)
APN
11-3N-23-0000-0003-0010
UPID
US18-4364234
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
-
Gulf Air Group, Inc Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.35M
Comparable Approach
Comparable
$5.03M
Blend (final)
Blend
$6.59M
Owner & transaction history
Vertex Aerospace LLC · 5 yrs held
Vertex Aerospace LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.4M
+26.2%
Warehouse, storage
$9.0M
+9.9%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,875,000
6.5%
$6,345,000
7%
$5,895,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,230,000
Current use
RETAIL STORES
$10,385,000
Change: +26% · Conversion: Moderate
WAREHOUSE, STORAGE
$9,040,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$6.59M
Range $5.93M – $7.24M · ±10%
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
$83 / 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
$73,929
Tax year 2023
Assessed value
$7,310,337
Assessed 2023
Previous assessed
$7,310,337
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$493,298
Assessed improvement
$6,817,039
Land market value
$493,298
Improvement market value
$6,817,039
Total market value
$7,310,337
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
RADIANT
Cooling
NONE
Buildings
11
Stories
1
Rooms
84
Bathrooms
2
Total area
79,691 SF
Lot
26 ac (1,132,560 SF)
APN
11-3N-23-0000-0003-0010
UPID
US18-4364234
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
INDUSTRIAL (GENERAL) Current
Est. value
$8.2M
RETAIL STORES
Est. value
$10.4M
WAREHOUSE, STORAGE
Est. value
$9.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1971
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
11
Rooms
84
Bathrooms
2
Lot
26 ac
Current owner
From public records · entity-resolved
Vertex Aerospace LLC
Entity
Mailing address
5486 FAIRCHILD RD, CRESTVIEW, FL 32539-8410
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2021
—
Crestview Aerospace LLC
—
Deed
related
$7,000,000 · Ally Bank
Dec 31, 2020
—
Vertex Aerospace LLC
Crestview Aerospace LLC
Grant Deed
—
Sep 28, 2018
—
Crestview Aerospace LLC
—
Trustees Deed
related
$75,000,000 · Ally Bk
Jul 3, 2018
$10,000,000
Crestview Aerospace LLC
L3 Communications Integrated S
Warranty Deed
—
Aug 10, 2015
—
Okaloosa County
L-3 Communications Integrated
Quit Claim Deed
related
—
—
—
Crestview Aerospace LLC
—
Deed Of Trust
related
$330,000 · Morgan Stanley SR Fndg
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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