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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Investment properties
733 Hbr Blvd Destin, FL 32541-2505
Entity Owned
19-yr Hold
Free & Clear
Property ID
US18-6259855
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,656 SF
Lot
5.12 ac (223,066 SF)
APN
00-2S-22-0000-0012-0000
UPID
US18-6259855
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
-
Mi Gente Mexican Restaurant & cantina+Supermarket Restaurant
-
Mi Gente Mexican Restaurant &Cantina + Supermarket Restaurant
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$880k
Owner & transaction history
Bill Salter Advertising INC · 19 yrs held
Bill Salter Advertising INC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$945,000
+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
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$740,000
Current use
RETAIL STORES
$945,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$331 / 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
$90,136
Tax year 2023
Assessed value
$8,054,963
Assessed 2023
Previous assessed
$7,588,920
+6.1% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,473,643
Assessed improvement
$6,581,320
Land market value
$1,473,643
Improvement market value
$6,581,320
Total market value
$8,054,963
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Units
1
Rooms
9
Bathrooms
2
Total area
2,656 SF
Lot
5.12 ac (223,066 SF)
APN
00-2S-22-0000-0012-0000
UPID
US18-6259855
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
$740,000
RETAIL STORES
Est. value
$945,000
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Units
1
Rooms
9
Bathrooms
2
Lot
5.12 ac
Current owner
From public records · entity-resolved
Bill Salter Advertising INC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 1378, PATASKALA, OH 43062-1378
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2017
—
Destin Restaurant LLC
—
Trustees Deed
related
$1,500,000 · First Guaranty Bk
Mar 6, 2007
—
Bill Salter Advertising INC
A Storage Solution
Grant Deed
related
—
Dec 21, 2004
$2,190,700
Destin Restaurant LLC
1717 Us Highway 98 E
Grant Deed
—
Oct 28, 1997
$355,000
United Methodist Church Destin
K & S Enterprises
Grant Deed
$355,000 · Destin Bank
Sep 18, 1997
$525,000
Cnl Income Fund Xviii Ltd
K&s Enterprises
Grant Deed
related
—
Jul 14, 1997
$1,000,000
K & S Enterprises
Leg Partnership
Grant Deed
$860,000 · Peoples National Bank
—
—
Destin Restaurant LLC
—
Loan Modification
related
—
—
—
Destin Restaurant LLC
—
Loan Modification
related
$1,680,000 · First Guaranty Bk
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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