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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Commercial real estate
725 Hbr Blvd Destin, FL 32541-2505
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US18-0251483
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Construction
FRAME
Total area
3,458 SF
Lot
0.23 ac (9,999 SF)
APN
00-2S-22-0701-000G-0070
UPID
US18-0251483
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
-
Homestar Financial Corporation Loan Service Bank
-
Ed and Terri Smith - RE/MAX Coastal Properties Real Estate Agency
-
The Chris Carter Team Real Estate Agency
-
Martineau Karen Real Estate Agency
-
Lyndon E. Clifton, P.A. with RE/MAX Coastal Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$886k
Blend (final)
Blend
$765k
Owner & transaction history
Destin Mainstreet LLC · 18 yrs held
Destin Mainstreet LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+27.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$965,000
Current use
RETAIL STORES
$1,230,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$221 / 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
$4,422
Tax year 2023
Assessed value
$402,115
Assessed 2023
Previous assessed
$391,695
+2.7% YoY
Effective rate
1.10%
On assessed value
Assessed land
$288,750
Assessed improvement
$113,365
Land market value
$288,750
Improvement market value
$113,365
Total market value
$402,115
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
18
Total area
3,458 SF
Lot
0.23 ac (9,999 SF)
APN
00-2S-22-0701-000G-0070
UPID
US18-0251483
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
COMMERCIAL (GENERAL) Current
Est. value
$965,000
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
18
Lot
0.23 ac
Current owner
From public records · entity-resolved
Destin Mainstreet LLC
Entity
Mailing address
725 HBR BLVD, DESTIN, FL 32541-2505
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2021
—
Destin Mainstreet LLC
—
Deed
related
$446,250 · Progress Bank & Trust
Sep 27, 2007
$360,000
Destin Mainstreet LLC
Carmichael,alan B & Dailinda L
Warranty Deed
$360,000 · Parish National Bank
Jan 20, 1998
—
Alan B Carmichael
Carmichael,alan B
Quit Claim Deed
related
$183,500 · Individual
Jan 20, 1998
$240,000
Carmichael,alan B
Kervin,top
Trustees Deed
—
Oct 29, 1997
$216,000
Fred W Schinz
Kervin,top
Grant Deed
$162,000 · Peoples First Community Bank
Oct 28, 1997
$360,000
Top Kervin
Cox,john R
Grant Deed
$171,000 · Seller
—
—
Destin Mainstreet LLC
—
Loan Modification
related
—
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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