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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Grocery and convenience stores
698 Ferdon Blvd, Crestview, FL 32536-2165
Entity Owned
Free & Clear
Property ID
US18-3150615
Property summary
AI-generated overview
This thriving Exxon Mobile gas station in Crestview, Florida, presents a unique investment opportunity. Priced at $1,400,000, this Class B, single-tenant property boasts 2,342 square feet on a 0.61-acre lot. Built in 1998 and renovated in 2008, the property features a 100% occupancy rate with a 4.00% cap rate. The NNN lease structure ensures a low-maintenance investment. Key features include two gas pumps, a beer cave, two walk-in coolers, and a full-service commercial kitchen operating a Krispy Krunchy Chicken franchise. The property also benefits from a large front and rear parking lot, a recently replaced roof, and tile restrooms. Its prime location near I-10, major restaurants, Eglin Air Force Base, and the popular tourist destinations of Pensacola and Destin, Florida, ensures high traffic volume. A new Exxon sign is expected in October 2024. The property is zoned COM and is being sold as an owner-user sale. A non-disclosure agreement and proof of funds will be required. Serious inquiries only.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,563 SF
Lot
0.7 ac (30,660 SF)
APN
08-3N-23-0000-0050-0000
UPID
US18-3150615
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
-
Krispy Krunchy Chicken Restaurant
-
CoinFlip Bitcoin ATM Business To Business Service Commercial Agent
-
FLA Convenience Grocery & Convenience Store
-
Exxon Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
Navkar Retail LLC
Navkar Retail LLC
since 2025
Last sale
$1.1M
3 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 Crestview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crestview 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
$1,520,000
ML approach
$1,445,000
CAP Approach
CAP Return
Estimation
6%
$2,050,000
6.5%
$1,895,000
7%
$1,760,000
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $1.10M (Jun 30 2025)
Last sale anchor
$1.10M
Jun 30 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
$309 / 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
$5,832
Tax year 2023
Assessed value
$363,082
Assessed 2023
Previous assessed
$267,624
+35.7% YoY
Effective rate
1.61%
On assessed value
Assessed land
$190,999
Assessed improvement
$172,083
Land market value
$190,999
Improvement market value
$172,083
Total market value
$363,082
Applied tax rate
3.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
5
Total area
4,563 SF
Lot
0.7 ac (30,660 SF)
APN
08-3N-23-0000-0050-0000
UPID
US18-3150615
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Lot
0.7 ac
Current owner
From public records · entity-resolved
Navkar Retail LLC
Entity
Free & Clear · 0 yrs held
Mailing address
698 N FERDON BLVD, CRESTVIEW, FL 32536-2165
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
$1,100,000
Navkar Retail LLC
Sunshine Investment Fl LLC
Warranty Deed
—
Apr 13, 2023
$1,000,000
Sunshine Investment Fl LLC
Shri Siddhi LLC
Warranty Deed
$10,000 · Shri Siddhi LLC
Oct 13, 2005
$900,000
Fla Convenience
Shri Goyam INC
Warranty 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.
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