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Property profile & analytics
OFF-MARKET
Estimated value
$4,555,000
Commercial real estate
6 11th Ave Shalimar, FL 32579-1374
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6102002
Property summary
AI-generated overview
This exceptional 3,700 square foot commercial office suite, located at 6 Eleventh Avenue Unit G-4 in Shalimar, Florida, presents a unique opportunity for businesses seeking a strategic location and convenient amenities. Situated just east of Eglin Parkway, this property offers unparalleled access to city and county government offices, as well as nearby military installations, making it an ideal choice for firms and professional practices requiring efficient workspace and proximity to key stakeholders. The suite is part of a well-maintained office plaza, ensuring a professional and welcoming environment for clients and employees alike. A significant advantage is the readily available parking
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
FRAME
Total area
8,955 SF
Lot
0.31 ac (13,636 SF)
APN
05-2S-23-2080-0119-0260
UPID
US18-6102002
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
-
MacAulay-Brown, Inc. Engineering Consultant
-
Okaloosa dept of public works Pharmacy
-
Vet Center Counseling Community Center Social Service Agency
-
Living Images Ultrasound Studio Medical Clinic
-
Torch Technologies Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.56M
Owner & transaction history
Shalicorp Acquisitions LLC · 4 yrs held
Shalicorp Acquisitions LLC
since 2021
Last sale
$4.6M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.8M
+116.8%
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 Shalimar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shalimar 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
$4,520,000
ML approach
$4,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,775,000
Change: +117% · Conversion: Easy
Blend value · Realmo final
$4.56M
Range $4.10M – $5.01M · ±10% · vs last sale $4.60M (Jan 4 2024)
Last sale anchor
$4.60M
Jan 4 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
$509 / 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
$8,512
Tax year 2023
Assessed value
$687,564
Assessed 2023
Previous assessed
$677,659
+1.5% YoY
Effective rate
1.24%
On assessed value
Assessed land
$80,532
Assessed improvement
$607,032
Land market value
$80,532
Improvement market value
$607,032
Total market value
$687,564
Applied tax rate
12.0000
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
24
Bathrooms
4
Total area
8,955 SF
Lot
0.31 ac (13,636 SF)
APN
05-2S-23-2080-0119-0260
UPID
US18-6102002
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
$4.8M
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
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
24
Bathrooms
4
Lot
0.31 ac
Current owner
From public records · entity-resolved
Shalicorp Acquisitions LLC
Entity
Mailing address
755 GRAND BLVD #84, MIRAMAR BEACH, FL 32550-1838
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
$3,750,000
Shalicorp Acquisitions LLC
Boyette & Jones LLC
Warranty Deed
$2,750,000 · Whitney Bank
Apr 28, 2008
—
Boyette & Jones LLC
Boyette,wayne T
Quit Claim 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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