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Property profile & analytics
OFF-MARKET
Office buildings
625 Hbr Blvd Destin, FL 32541-2465
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5207389
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
996 SF
Lot
0.02 ac (1,029 SF)
APN
00-2S-22-062B-0000-0010
UPID
US18-5207389
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
-
C'est La Vie Salon - Destin Hair Salon
-
Beauty Room Destin Hair Salon Nail Salon
-
Destin Harvest Charitable Organization Social Service Agency
-
studio6twenty5 Training Center
-
Dylan Carney Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mabel R Prescott · 3 yrs held
Mabel R Prescott
since 2023
Last sale
$250,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$821
Tax year 2023
Assessed value
$73,362
Assessed 2023
Previous assessed
$58,897
+24.6% YoY
Effective rate
1.12%
On assessed value
Assessed land
$39,528
Assessed improvement
$33,834
Land market value
$39,528
Improvement market value
$33,834
Total market value
$73,362
Applied tax rate
10.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
4
Total area
996 SF
Lot
0.02 ac (1,029 SF)
APN
00-2S-22-062B-0000-0010
UPID
US18-5207389
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
Building & site characteristics
From public records
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Lot
0.02 ac
Current owner
From public records · entity-resolved
Mabel R Prescott
Individual
Mailing address
87 BARRACUDA ST, DESTIN, FL 32541-3606
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
$250,000
Mabel R Prescott
Baxter A Winfree
Warranty Deed
$200,000 · Renasant Bank
Jul 8, 2020
—
Baxter A Winfree
Julie A Winfree
Quit Claim Deed
related
—
Jan 11, 2013
—
Winfree Baste A
Mathews,ronnie W
Quit Claim Deed
related
—
Jan 20, 2010
$28,500
Ronnie W Mathews
Winfree,baxter A
Quit Claim Deed
related
—
Dec 18, 2009
—
Baxter A Winfree
Winfree,james A S
Quit Claim Deed
related
—
Mar 2, 2009
—
James A S Wifree
Winfree,baxter A
Quit Claim Deed
related
—
Sep 17, 2008
—
Baxter A Winfree
Winfree,brenda K
Quit Claim Deed
related
—
Dec 7, 2005
$50,000
Baxter A Winfree
Prescott,jeffrey A
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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