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    Property profile & analytics

    605 James Lee Rd Fort Walton Beach, FL 32547-2306

    • Turn key restaurants
    • 5,042 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimation
    $520,000
    Last Sale
    Dec 04, 2020
    $450,000
    Location Intelligence
    Property ID
    US18-5265180
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lou's Tavern / Restaurant

    Property Details for 605 James Lee Rd

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.47 lot acres
    Property size
    5,042 SF
    Property type
    Turn key restaurants
    APN
    02-2S-24-0502-000H-0170
    APU
    022S240502000H0170

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $585,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $430,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $415,000
      Mixed-Use
      $410,000
      Hospitality
      $450,000
      Educational
      $405,000
      Residential Income
      $390,000
      Energy
      $400,000
      Income-Based Land
      $400,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Walton Beach
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.6181
    Latitude
    30.438
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,532
    $110,721
    $255,379
    $366,100
    -
    $110,721
    $255,379
    $366,100

    Comparable in this City

    • Value Estimation
      $285,000
      2,712 SF

      648 Beal N Pkwy

      RESTAURANT • 2,712 SF
      648 Beal N Pkwy, Fort Walton Beach, FL 32547-3508
      View Details
    • Value Estimation
      $355,000
      3,984 SF

      789 Beal N Pkwy

      RESTAURANT • 3,984 SF
      789 Beal N Pkwy, Fort Walton Beach, FL 32547-3079
      View Details
    • Value Estimation
      $225,000
      3,228 SF

      723 Eglin NE Pkwy

      RESTAURANT • 3,228 SF
      723 Eglin NE Pkwy, Fort Walton Beach, FL 32547-2527
      View Details
    • Value Estimation
      $300,000
      2,508 SF

      290 Eglin NE Pkwy

      RESTAURANT • 2,508 SF
      290 Eglin NE Pkwy, Fort Walton Beach, FL 32547-2867
      View Details
    • Value Estimation
      $405,000
      4,883 SF

      543 Eglin NE Pkwy

      RESTAURANT • 4,883 SF
      543 Eglin NE Pkwy, Fort Walton Beach, FL 32547-2829
      View Details
    • Value Estimation
      $925,000
      12,150 SF

      455 Eglin NE Pkwy

      RESTAURANT • 12,150 SF
      455 Eglin NE Pkwy, Fort Walton Beach, FL 32547-2827
      View Details

    Similar Nearby for Sale

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      Half acre parcel with shop and house near school.
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      Comfortable 2-bedroom townhome with no HOA fees and garden.
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    Similar Nearby for Lease

    • $28 SF/Yr
      3,644 SF

      Fort Walton Beach Retail Space

      High-visibility retail property with drive-thru and commercial kitchen.
      302 Racetrack Rd NW, Fort Walton Beach, FL 32547
      View Details
    • $15 SF/Yr
      62,504 SF

      Beltway Plaza Restaurant Space

      High-traffic, 1,540 sq ft restaurant space.
      109 Racetrack Rd, Fort Walton Beach, FL 32547
      View Details
    • $1,248 /Mo
      892 SF

      Retail Space with High Visibility

      Retail space with front and rear access and parking.
      294 Eglin Pkwy NE, Fort Walton Beach, FL 32547
      View Details
    • $1.00 SF/Yr

      Fort Walton Beach Retail Space

      Retail space available for rent in Fort Walton Beach.
      11 NE Racetrack Rd Rd NE, Fort Walton Beach, FL 32547
      View Details
    • $1,800 /Mo
      1,040 SF

      Office/Retail Space Near Military Bases

      Office/retail space near Hurlburt Field with high traffic count.
      1500 Martin Luther King Jr Blvd, Fort Walton Beach, FL 32547
      View Details
    • $375 /Mo

      Retail Space in Great Location

      Easily accessible retail space in a prime Fort Walton Beach location.
      700 Beal Pkwy, Fort Walton Beach, FL 32547
      View Details
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    Fort Walton Beach, FL 32547-2306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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