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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Drive through restaurants
700 Gulf Breeze Pkwy Gulf Breeze, FL 32561-4629
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-7733650
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,474 SF
Lot
1.01 ac (43,821 SF)
Zoning code
C1
APN
04-3S-29-4937-00000-0040
UPID
US18-7733650
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
-
Panera Bread Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.88M
Owner & transaction history
Michael John Raedeke · 5 yrs held
Michael John Raedeke
since 2020
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
C1 · Gulf Breeze, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The primary intent of a commercial district is to serve as a centralized area for business activities, offering goods, services, and amenities to residents, visitors, and local businesses. It aims to promote economic growth, foster community interaction, and enhance urban livability. These districts typically include retail shops, restaurants, offices, and e…
Zone name
Commercial
General category
COMMERCIAL
Zone area
146.36 ac
Source
Realmo
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 Gulf Breeze submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gulf Breeze 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
$1,880,000
ML approach
$1,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,365,000
Current use
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±10% · vs last sale $1.85M (Nov 4 2020)
Last sale anchor
$1.85M
Nov 4 2020
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
$290 / 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
$19,896
Tax year 2023
Assessed value
$1,507,653
Assessed 2023
Previous assessed
$1,312,974
+14.8% YoY
Effective rate
1.32%
On assessed value
Assessed land
$678,564
Assessed improvement
$829,089
Land market value
$678,564
Improvement market value
$829,089
Total market value
$1,507,653
Applied tax rate
1.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
6,474 SF
Lot
1.01 ac (43,821 SF)
Zoning code
C1
APN
04-3S-29-4937-00000-0040
UPID
US18-7733650
Jurisdiction
SANTA ROSA
Zoning & alternative use
C1 · Gulf Breeze, FLZoning C1 · permitted uses
C1 · Gulf Breeze, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The primary intent of a commercial district is to serve as a centralized area for business activities, offering goods, services, and amenities to residents, visitors, and local businesses. It aims to promote economic growth, foster community interaction, and enhance urban livability. These districts typically include retail shops, restaurants, offices, and entertainment venues, designed to be accessible, vibrant, and supportive of diverse economic and cultural opportunities.
Zone name
Commercial
General category
COMMERCIAL
Zone area
146.36 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.4M
RESTAURANT Current
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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Michael John Raedeke
Individual
Mailing address
6379 W 83RD ST, LOS ANGELES, CA 90045-2843
Ownership since
2020
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
Nov 4, 2020
$1,846,200
Michael John Raedeke
Andrade Associates Limited Partners
Special Warranty Deed
$1,146,704 · Ameris Bank
Dec 4, 2014
$1,500,000
Andrade Associates LP
Sea Shell Collections LLC
Grant Deed
—
Jan 10, 2012
—
Moulton Properties INC
—
Deed Of Trust
related
$9,100,000 · Coastal Bank & Trust
—
—
Moulton Properties INC
—
Deed Of Trust
related
$19,864,525 · Synovus 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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