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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Commercial land
725 Gulf Shr Dr, Destin, FL 32541-5428
Entity Owned
Free & Clear
Property ID
US18-8073698
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
3.25 ac (141,425 SF)
APN
00-2S-22-0701-000P-0050
UPID
US18-8073698
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
-
Harbor Landing Condominiums Condominium Complex
-
Roy Anderson Corporation Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Hathcock Realty Group LLC
Hathcock Realty Group LLC
since 2025
7 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 Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin 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
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
—
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
$26,427
Tax year 2023
Assessed value
$2,212,166
Assessed 2023
Previous assessed
$2,212,166
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,139,959
Assessed improvement
$72,207
Land market value
$2,139,959
Improvement market value
$72,207
Total market value
$2,212,166
Applied tax rate
10.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
3.25 ac (141,425 SF)
APN
00-2S-22-0701-000P-0050
UPID
US18-8073698
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
Heating
NONE
Lot
3.25 ac
Current owner
From public records · entity-resolved
Hathcock Realty Group LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 710, PENSACOLA, FL 32591-0710
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
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2025
$4,450,000
Hathcock Realty Group LLC
Bdm Destin Holdings LLC
Warranty Deed
—
Jun 14, 2024
—
Jacquline Lee Kerr Boehm
—
Deed
related
$100,000 · All In FCU
May 4, 2022
—
Porter Mac Properties LLC
—
Deed
related
$430,000 · The First A National Banking Assn
Jun 25, 2020
—
Wesley E Battiste
—
Deed
related
$500,000 · Bbva USA
Sep 24, 2018
$357,000
Jeffrey Lodge
Gulf Shore Drive LLC
Warranty Deed
—
Jul 11, 2018
$1,060,000
Gulf Shore Dr LLC
Micahel Castel SR.
Warranty Deed
—
Dec 28, 2015
—
Bdm Destin Holdings LLC
Harbor Landing LLC
Warranty Deed
related
—
May 6, 2015
—
Harbor Landing Condo Owners As
Harbor Lndg
Quit Claim Deed
related
—
Nov 13, 2014
—
Domco Properties LLC
Puskas Richard A Trust
Quit Claim Deed
related
—
Jul 26, 2013
$12,200
Harbor Landing LLC
Fraser,rose M Coc
Trustees Deed
—
Jul 3, 2012
—
Bdm Destin Holdings LLC
Harbor Landing LLC
Warranty Deed
—
Oct 20, 2006
$1,152,000
Burrow Childrens Trust LLC
Harbor Landing LLC
Warranty Deed
—
Oct 13, 2006
$1,020,900
Destin Trowbridge LLC
Harbor Landing LLC
Warranty Deed
—
Oct 9, 2006
$572,100
Destin Ventures LLC
Harbor Landing LLC
Warranty Deed
—
Oct 9, 2006
$1,051,000
Bgk Ltd
Harbor Landing LLC
Warranty Deed
—
Oct 9, 2006
$699,700
Kms & T LLC
Harbor Landing LLC
Warranty Deed
—
Oct 4, 2006
$665,600
Pennington Land Robert
Harbor Landing LLC
Warranty Deed
—
Sep 15, 2006
$640,600
Michael Wm Mead
Harbor Landing LLC
Warranty Deed
$593,030 · Wachovia Bank NA
Sep 14, 2006
$728,700
William D Starnes
Harbor Landing LLC
Warranty Deed
—
Sep 11, 2006
$649,700
American Mining Ins Co INC
Harbor Landing LLC
Warranty Deed
—
Feb 3, 2004
$3,401,900
Harbor Landing LLC
Mccreary,tr
Grant Deed
$4,300,000 · Bank Of Pensacola
—
—
Wesley L Laird
—
Deed Of Trust
related
$387,324 · Southern Independent Bank
—
—
Richard A Puskas
—
Deed Of Trust
related
$976,900 · Suntrust Mortgage INC
—
—
Wesley E Battiste
—
Deed Of Trust
related
$500,000 · Bbva USA
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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