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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Outlet malls
6111 Gulf Breeze Pkwy, Gulf Breeze, FL 32563-9016
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-7207320
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2022
Total area
12,835 SF
Lot
2.72 ac (118,396 SF)
Zoning code
HCD
APN
21-2S-27-0000-02000-0000
UPID
US18-7207320
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Jpd Investments INC · 3 yrs held
Jpd Investments INC
since 2022
Last sale
$2.4M
4 recorded transactions
Zoning & alternative use
HCD · Gulf Breeze, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+34.6%
Medical building
$2.2M
+8.2%
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 Gulf Breeze submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Breeze 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
$1,765,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
$2,300,000
6.5%
$2,125,000
7%
$1,975,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,010,000
Current use
RESTAURANT
$2,705,000
Change: +35% · Conversion: Easy
MEDICAL BUILDING
$2,175,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,685,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±10% · vs last sale $2.38M (Nov 29 2022)
Last sale anchor
$2.38M
Nov 29 2022
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
$163 / 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
$23,226
Tax year 2023
Assessed value
$1,653,487
Assessed 2023
Previous assessed
$318,667
+418.9% YoY
Effective rate
1.40%
On assessed value
Assessed land
$424,890
Assessed improvement
$1,228,597
Land market value
$424,890
Improvement market value
$1,228,597
Total market value
$1,653,487
Applied tax rate
14.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
3
Total area
12,835 SF
Lot
2.72 ac (118,396 SF)
Zoning code
HCD
APN
21-2S-27-0000-02000-0000
UPID
US18-7207320
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Gulf Breeze, FL
Zoning HCD · permitted uses
HCD · Gulf Breeze, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gulf Breeze. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Lot
2.72 ac
Current owner
From public records · entity-resolved
Jpd Investments INC
Entity
Free & Clear · 3 yrs held
Mailing address
1234 AIRPORT RD STE #124, DESTIN, FL 32541-2925
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2022
$2,375,000
Jpd Investments INC
Teramore Development LLC
Special Warranty Deed
—
May 25, 2022
$459,000
Teramore Development LLC
623 Partners LLC
Warranty Deed
$1,510,000 · Guardian Bank
Mar 4, 2004
$1,600,000
Florida Resorts INC
—
Grant Deed
related
—
Oct 1, 1994
$393,600
Florida Resorts INC
—
Grant Deed
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.
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