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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Strip malls
652 Beal N Pkwy Fort Walton Beach, FL 32547-3517
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3931412
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1973
Construction
STEEL FRAME
Total area
15,664 SF
Lot
1.19 ac (51,800 SF)
APN
10-2S-24-0000-0024-0000
UPID
US18-3931412
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
-
Olimo Distillery Fort Walton Brewery & Distillery Bar & Pub
-
The Silver Mine Pawn Shop Discount Store (Bike/Boat/Book/etc) Store
-
JAEBeauty Hair Salon Nail Salon
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
FWB Nice Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Pamal Corporation · 5 yrs held
Pamal Corporation
since 2021
6 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 Fort Walton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Walton Beach 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
$70 / 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
$18,126
Tax year 2023
Assessed value
$1,464,106
Assessed 2023
Previous assessed
$1,400,012
+4.6% YoY
Effective rate
1.24%
On assessed value
Assessed land
$886,520
Assessed improvement
$577,586
Land market value
$886,520
Improvement market value
$577,586
Total market value
$1,464,106
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
30
Total area
15,664 SF
Lot
1.19 ac (51,800 SF)
APN
10-2S-24-0000-0024-0000
UPID
US18-3931412
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
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
30
Lot
1.19 ac
Current owner
From public records · entity-resolved
Pamal Corporation
Entity
Mailing address
650 BEAL PKWY N, FORT WALTON BEACH, FL 32547-3509
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2021
—
Pamal Corporation
—
Deed
related
$363,000 · Smartbank
May 13, 2021
—
Pamal Corporation
—
Deed
related
$650,000 · Smartbank
Dec 27, 2016
—
Pamal Cdoporation A Florida Corpora
—
Deed
related
$443,504 · Regions Bank
Oct 11, 2016
—
Pamal Corporation A Floria Corporat
—
Deed
related
$500,000 · Regions Bank
—
—
Pamal Corp
—
Deed Of Trust
related
—
—
—
Pamal Corp
—
Deed Of Trust
related
$550,000 · Trustmark National Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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