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Property profile & analytics
FOR SALE
Drug stores
6863 Navarre Pkwy Navarre, FL 32566
Entity Owned
Free & Clear
Property ID
US18-3705141
For Sale
1 / 4
$2,334,563
6863 Navarre Pkwy, Navarre, FL 32566
View Listing →
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2001
Construction
STEEL FRAME
Total area
6,041 SF
Lot
0.71 ac (30,800 SF)
Zoning code
HCD
APN
22-2S-27-0000-00100-0000
UPID
US18-3705141
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.25M
Owner & transaction history
Monmouth Street Realty Corporation
Monmouth Street Realty Corporation
since 2026
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
HCD · Navarre, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+37.2%
Medical building
$1.0M
+10.3%
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 Navarre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Navarre 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
$1,130,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,000,000
7%
$930,000
Alternative Use
Use
Estimation
RETAIL STORES
$930,000
Current use
RESTAURANT
$1,275,000
Change: +37% · Conversion: Easy
MEDICAL BUILDING
$1,025,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$795,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.53M (Apr 14 2022)
Last sale anchor
$1.53M
Apr 14 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
$206 / 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
$14,277
Tax year 2023
Assessed value
$1,132,627
Assessed 2023
Previous assessed
$545,053
+107.8% YoY
Effective rate
1.26%
On assessed value
Assessed land
$277,974
Assessed improvement
$854,653
Land market value
$277,974
Improvement market value
$854,653
Total market value
$1,132,627
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
For Sale
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
25
Bathrooms
4
Total area
6,041 SF
Lot
0.71 ac (30,800 SF)
Zoning code
HCD
APN
22-2S-27-0000-00100-0000
UPID
US18-3705141
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Navarre, FL
Zoning HCD · permitted uses
HCD · Navarre, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Navarre. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$930,000
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$795,000
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
25
Bathrooms
4
Lot
0.71 ac
Current owner
From public records · entity-resolved
Monmouth Street Realty Corporation
Entity
Free & Clear · 0 yrs held
Mailing address
2469 N JOHN YOUNG PKWY STE C, ORLANDO, FL 32804-4124
Ownership since
2026
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
Apr 27, 2026
$2,310,000
Monmouth Street Realty Corporation
Navarre Outparcel LLC
Special Warranty Deed
—
Apr 14, 2022
$1,525,000
Navarre Outparcel LLC
Earth America Corp
Warranty Deed
$1,162,500 · Pinncacle Bank
Nov 15, 2017
—
Earth America Corp
—
Deed
related
$63,763 · The First A National Banking Assn
Jun 5, 2000
—
Earth America Corp
—
Grant Deed
related
$500,000 · First City Bank Florida
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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