Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,090,000
Warehouses
639 Hbr Blvd Destin, FL 32541-2456
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3692825
Property summary
AI-generated overview
This exceptional two-story, 6,769 square foot retail building presents a rare investment opportunity in Destin, Florida's Scenic Harbor District. Located at 639 Harbor Blvd, Destin, FL 32541 (APN: 00-2S-22-0700-000B-0030), this property boasts an impressive street presence and convenient access. The building currently houses Destin Glass and includes a showroom, office space, and an attached warehouse, all situated on a substantial 30,000 square foot lot. The permitted commercial zoning allows for diverse uses. With a price of $2,995,000 ($442.46 per square foot), this property offers significant potential for investors seeking a high-visibility location in a thriving market. Exceptional visibility, convenient ingress/egress, and strong logistics make this a truly unique opportunity. The building's prime location within the Scenic Harbor District ensures high foot traffic and exposure. This is an irreplaceable asset in a desirable area, offering a blend of retail, office, and warehouse space. Further details are available upon request.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
17,187 SF
Lot
0.69 ac (29,887 SF)
APN
00-2S-22-0700-000B-0030
UPID
US18-3692825
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
-
Destin Glass™ Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$3.09M
Owner & transaction history
Chandler Properties LLC · 1 yrs held
Chandler Properties LLC
since 2025
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+107.7%
Restaurant
$3.7M
+58.0%
Office building
$3.4M
+49.1%
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
Method
Estimation
Statistic approach
$3,290,000
ML approach
$3,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,310,000
Current use
COMMERCIAL (GENERAL)
$4,800,000
Change: +108% · Conversion: Difficult
RESTAURANT
$3,650,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$3,445,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,690,000
Change: +16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,650,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$3.09M
Range $2.78M – $3.40M · ±10% · vs last sale $3.03M (Jul 8 2022)
Last sale anchor
$3.03M
Jul 8 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
$180 / 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
$22,011
Tax year 2023
Assessed value
$1,842,497
Assessed 2023
Previous assessed
$1,336,163
+37.9% YoY
Effective rate
1.19%
On assessed value
Assessed land
$866,250
Assessed improvement
$976,247
Land market value
$866,250
Improvement market value
$976,247
Total market value
$1,842,497
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
4
Total area
17,187 SF
Lot
0.69 ac (29,887 SF)
APN
00-2S-22-0700-000B-0030
UPID
US18-3692825
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
WAREHOUSE, STORAGE Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$4.8M
RESTAURANT
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
4
Lot
0.69 ac
Current owner
From public records · entity-resolved
Chandler Properties LLC
Entity
Mailing address
639 HBR BLVD, DESTIN, FL 32541-2456
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Oct 31, 2025
—
Chandler Properties LLC
—
Deed
related
$250,000 · Whitney Bank
Jul 9, 2025
$2,700,000
Chandler Properties LLC
G&s Properties LLC
Warranty Deed
$2,700,000 · Hancock Whitney Bank
Jul 8, 2022
$3,025,000
G&s Properties LLC
Destin Glass And Window Co INC
Warranty Deed
—
Dec 18, 2020
$1,850,000
Destin Glass & Window Co INC
639 Harbor LLC
Grant Deed
$1,470,513 · 639 Harbor LLC
Sep 30, 2013
—
639 Harbor LLC
Brown,leon D & Paula
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 639 Hbr Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
