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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Warehouses
5521 Industrial Blvd Milton, FL 32583
Entity Owned
Free & Clear
Property ID
US18-4686691
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
STEEL FRAME
Total area
6,240 SF
Lot
306.02 ac (13,330,231 SF)
Zoning code
M2
APN
31-2N-27-0000-00100-0000
UPID
US18-4686691
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Nin-mlt LLC
Nin-mlt LLC
since 2026
5 recorded transactions
Zoning & alternative use
M2 · Milton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Unified Development Code PDF
Top alternative use upside
Restaurant
$1.3M
+31.5%
Medical building
$1.1M
+5.7%
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,000,000
Current use
RESTAURANT
$1,315,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$1,060,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$208 / 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
Assessed value
$16,187,531
Assessed 2023
Previous assessed
$16,187,531
+0.0% YoY
Assessed land
$7,251,210
Assessed improvement
$8,936,321
Land market value
$7,251,210
Improvement market value
$8,936,321
Total market value
$16,187,531
Applied tax rate
15.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
31
Stories
1
Units
6
Rooms
6
Bathrooms
13
Total area
6,240 SF
Lot
306.02 ac (13,330,231 SF)
Zoning code
M2
APN
31-2N-27-0000-00100-0000
UPID
US18-4686691
Jurisdiction
SANTA ROSA
Zoning & alternative use
M2 · Milton, FLZoning M2 · permitted uses
M2 · Milton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Unified Development Code PDF
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL 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
1989
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
31
Units
6
Rooms
6
Bathrooms
13
Lot
306.02 ac
Current owner
From public records · entity-resolved
Nin-mlt LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6495 CAROLINE ST STE B, MILTON, FL 32570-4592
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Apr 30, 2026
$100
Nin-mlt LLC
Ct Properties I INC
Special Warranty Deed
—
Aug 8, 2022
$187,000
Gulf South Ventures INC
Eto II Trs LLC
Special Warranty Deed
$149,500 · Farm Credit Of Northwest Florida Ac
Jan 31, 2013
$1,350,000
Priton LLC
Stampede Industries LLC
Grant Deed
—
Sep 4, 1997
$143,600
Gator Freightways INC
Santa Rosa County
Grant Deed
—
Mar 21, 1997
$150,000
Anderson-columbia Company
Santa Rosa County Florida
Grant Deed
—
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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