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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    697 Ferdon Blvd Crestview, FL 32536-2111

    • Auto shops
    • 1,838 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Mar 26, 2021
    $125,000
    Value Estimations
    $145,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3471617
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Deluxe Tire & Brakes / Tire Shop
    • Bill's Detail Shack / Car Detailing Service
    • Little Haven Coffee / Coffee Shop
    • Craftsman Cuts Barbershop / Hair Salon / Barber Shop
    • Craftsman Cuts North Barbershop / Barber Shop

    Property Details for 697 Ferdon Blvd

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Property size
    1,838 SF
    Property type
    Auto shops
    APN
    08-3N-23-0000-0062-0000
    APU
    083N23000000620000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $125,000
      ML approach
      $160,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $202,000
      Market price range: $140k - $460k
      AI Estimate
      $105,000
      Market price range: $97.4k - $190k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5665
    Latitude
    30.7692
    CBSA code
    18880
    CBSA name
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,747
    $80,137
    $27,821
    $107,958
    -
    $80,137
    $27,821
    $107,958

    Comparable in this City

    • Value Estimation
      $275,000
      2,880 SF

      130 Cayson Ave

      AUTO REPAIR, GARAGE • 2,880 SF
      130 Cayson Ave, Crestview, FL 32536-5109
      View Details
    • Value Estimation
      $360,000
      3,622 SF

      861 James Lee Blvd

      AUTO REPAIR, GARAGE • 3,622 SF
      861 James Lee Blvd, Crestview, FL 32536-5134
      View Details
    • Value Estimation
      $385,000
      5,551 SF

      101 Edney Ave

      AUTO REPAIR, GARAGE • 5,551 SF
      101 Edney Ave, Crestview, FL 32536-4121
      View Details
    • Value Estimation
      $310,000
      1,500 SF

      835 Ferdon Blvd

      AUTO REPAIR, GARAGE • 1,500 SF
      835 Ferdon Blvd, Crestview, FL 32536-2115
      View Details
    • Value Estimation
      $345,000
      5,385 SF

      352 James Lee Blvd

      AUTO REPAIR, GARAGE • 5,385 SF
      352 James Lee Blvd, Crestview, FL 32536-2636
      View Details
    • Value Estimation
      $385,000
      5,800 SF

      883 Ferdon Blvd

      AUTO REPAIR, GARAGE • 5,800 SF
      883 Ferdon Blvd, Crestview, FL 32536-2158
      View Details

    Similar Nearby for Sale

    • $695,000
      4,300 SF

      Crestview Net-Leased Industrial Investment

      Net-leased industrial property in Crestview, Florida, ideal for investment.
      101 W Edney Ave, Crestview, FL 32536
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    • $400,000
      1,500 SF

      Auto Mechanic Shop on Highway

      Auto mechanic shop on 0.4 acres with highway frontage.
      835 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $1,400,000
      2,342 SF

      Crestview Exxon Gas Station

      Profitable Florida Gas Station, $1.4M
      698 Ferdon Blvd, Crestview, FL 32536
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    • $675,000
      7,976 SF

      Versatile Commercial Building with Apartment

      Commercial building with retail space and a one-bedroom apartment.
      6452 Highway 85 N, Crestview, FL 32536
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    • $749,000
      5,583 SF

      Crestview Auto Shop - Prime Location

      Spacious auto shop with office space, near I-10.
      101 W Edney Ave, Crestview, FL 32536
      View Details
    • $475,000
      2,146 SF

      Prime Crestview Commercial Property

      High-traffic corner lot, 2,146 SF building.
      1202 N Ferdon Blvd, Crestview, FL 32536
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,190 SF

      Crestview Retail Space For Lease

      High-traffic retail space in thriving Northview Plaza.
      751 N Ferdon Blvd, Crestview, FL 32536
      View Details
    • $19 SF/Yr
      1,600 SF

      Crestview Retail Space For Lease

      High-traffic location, 1600 sq ft available.
      3301 Ferdon Blvd, Crestview, FL 32536
      View Details
    • $1,050 /Mo

      Crestview Retail or Office Space

      High-traffic corner location suitable for retail or office use.
      1097 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $1,226 /Mo

      Retail/Office Space on Hwy 90

      New retail or office space near I-10 connection.
      200 1St Ave, Crestview, FL 32536
      View Details
    • $23 SF/Yr
      1,200 SF

      Crestview Retail Space: Prime Location

      High-traffic retail space in thriving Crestview, FL.
      2535 2499 S Ferdon Blvd, Crestview, FL 32536
      View Details
    • $26 SF/Yr
      1,430 SF

      Crestview Retail Space Available

      High-traffic retail space, Tractor Supply anchored.
      352 W James Lee Blvd, Crestview, FL 32536
      View Details

    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      3.4k
    • Avg Time on site
      13 min
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    Crestview, FL 32536-2111
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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