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Property profile & analytics
OFF-MARKET
Estimated value
$7,265,000
Outlet malls
653 Beal N Pkwy Fort Walton Beach, FL 32547-3523
Individually Owned
Free & Clear
Property ID
US18-4353135
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,432 SF
Lot
8.18 ac (356,400 SF)
APN
03-2S-24-1790-0006-0020
UPID
US18-4353135
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
-
Cardtronics ATM Atm
-
Tractor Supply Co. Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.10M
Blend (final)
Blend
$7.27M
Owner & transaction history
The Armand E Brachman Revocable Tru
The Armand E Brachman Revocable Tru
since 2025
Last sale
$6.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.4M
+146.5%
Auto repair, garage
$4.5M
+6.1%
Restaurant
$4.4M
+5.6%
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
Method
Estimation
Statistic approach
$8,910,000
ML approach
$7,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,365,000
Change: +147% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,460,000
Change: +6% · Conversion: Difficult
RESTAURANT
$4,440,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$7.27M
Range $6.54M – $7.99M · ±10% · vs last sale $6.71M (Dec 9 2025)
Last sale anchor
$6.71M
Dec 9 2025
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
$374 / 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
$45,184
Tax year 2023
Assessed value
$3,817,192
Assessed 2023
Previous assessed
$3,614,389
+5.6% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,274,322
Assessed improvement
$1,542,870
Land market value
$2,274,322
Improvement market value
$1,542,870
Total market value
$3,817,192
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
19,432 SF
Lot
8.18 ac (356,400 SF)
APN
03-2S-24-1790-0006-0020
UPID
US18-4353135
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
OFFICE BUILDING
Est. value
$10.4M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RESTAURANT
Est. value
$4.4M
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Lot
8.18 ac
Current owner
From public records · entity-resolved
The Armand E Brachman Revocable Tru
Individual
Free & Clear · 0 yrs held
Mailing address
195 NN ST STE #100, TETERBORO, NJ 07608-1216
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2025
$6,710,400
The Armand E Brachman Revocable Tru
A & E Green Realty LLC
Special Warranty Deed
—
May 26, 2020
$6,850,000
A & E Green Realty LLC
Hsc Ft Walton Beach LLC
Grant Deed
—
May 16, 2019
$1,500,000
Hsc Ft Walton Beach LLC
Cath Dell INC
Warranty Deed
$1,515,000 · 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.
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