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Property profile & analytics
OFF-MARKET
Estimated value
$8,890,000
Warehouses
719 Beal NW Pkwy, Fort Walton Beach, FL 32547-3049
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US18-3380999
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
73,585 SF
Lot
2.52 ac (109,749 SF)
APN
03-2S-24-0000-0224-0000
UPID
US18-3380999
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
-
iStorage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.81M
Comparable Approach
Comparable
$8.71M
Blend (final)
Blend
$8.89M
Owner & transaction history
Outback Fort Walton Beach LLC · 22 yrs held
Outback Fort Walton Beach LLC
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.3M
+116.9%
Neighborhood: shopping center
$11.5M
+74.2%
Industrial (general)
$7.6M
+14.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,795,000
6.5%
$11,810,000
7%
$10,965,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,610,000
Current use
COMMERCIAL (GENERAL)
$14,345,000
Change: +117% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,515,000
Change: +74% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,600,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$8.89M
Range $8.00M – $9.78M · ±10%
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
$121 / 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
$89,822
Tax year 2023
Assessed value
$8,664,839
Assessed 2023
Previous assessed
$8,112,668
+6.8% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,624,991
Assessed improvement
$7,039,848
Land market value
$1,624,991
Improvement market value
$7,039,848
Total market value
$8,664,839
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Units
555
Rooms
3
Total area
73,585 SF
Lot
2.52 ac (109,749 SF)
APN
03-2S-24-0000-0224-0000
UPID
US18-3380999
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
WAREHOUSE, STORAGE Current
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.5M
INDUSTRIAL (GENERAL)
Est. value
$7.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Units
555
Rooms
3
Lot
2.52 ac
Current owner
From public records · entity-resolved
Outback Fort Walton Beach LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2016
—
Ss Ft Walton Beal Parkway LLC
—
Deed
related
$540,000,000 · Citigroup Global Markets Rlty
Jan 20, 2004
$730,000
Outback Fort Walton Beach LLC
York,bennett V
Grant Deed
$3,600,000 · Compass Bank
May 15, 2003
$900,000
Bennett V York
Poldon INC
Grant Deed
—
Oct 10, 1996
$88,900
John W Michael
Key Lime Development Corp
Grant Deed
$81,700 · First Northwest Florida Bank
Oct 3, 1996
$87,300
Jessie J Baker
Key Lime Development Corp
Grant Deed
$88,950 · First Northwest Florida Bank
Oct 2, 1996
$79,800
Jeffrey A Warnecke
Key Lime Dev Corp
Grant Deed
$81,396 · Access Mortgage
Sep 9, 1996
$90,900
Thomas R Johnson
Key Lime Dev Corp
Grant Deed
$92,600 · First Northwest Florida Bank
Sep 3, 1996
$96,700
William O Hart
Key Lime Dev Corp
Grant Deed
$96,600 · First Northwest Florida Bank
Jul 29, 1996
$77,000
Terri L Tindall
Key Lime Development Corp
Grant Deed
$72,188 · Peoples First Community Bank
Jul 25, 1996
$86,500
Dorothy G Warden
Key Lime Development Corp
Grant Deed
$69,200 · First Nortwest Florida Bank
Jul 24, 1996
$82,500
Michael D Ruzowski
Key Lime Development Corp
Grant Deed
$50,000 · First City Bank Ft Walton
Jul 2, 1996
$87,900
Juan Gomez
Key Lime Development Corp
Grant Deed
$79,100 · First Northwest Florida Bank
Jun 3, 1996
$80,300
George K Mcabee
Key Lime Development Corp
Grant Deed
$77,850 · Regions Mortgage INC
May 31, 1996
$86,900
Brian R Marks
Key Lime Development Corp
Grant Deed
$82,550 · Regions Mortgage INC
May 24, 1996
$86,400
Richard A Rowe
Key Lime Development Corp
Grant Deed
$88,100 · First Northwest Florida Bank
May 24, 1996
$81,100
Sylvia A Clarke
Key Lime Development Corp
Grant Deed
$64,850 · Barnett Bank Of Northwest Fl
—
—
Ss Ft Walton Beal Parkway LLC
—
Deed Of Trust
related
$540,000,000 · Citigroup Global Markets Rlty
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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