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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Turn key restaurants
76 Hbr Blvda Destin, FL 32541-2310
Individually Owned
29-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3499183
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1993
Construction
FRAME
Total area
13,227 SF
Lot
7.4 ac (322,138 SF)
APN
00-2S-22-0630-0000-0900
UPID
US18-3499183
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
-
Rwl Investments Financial Advisor
-
Destin Offshore Charter - Charter Boat Done Deal Tour Operator Travel Agency
-
Destin Inshore Fishing Co Tour Operator Travel Agency
-
Margaritaville - Destin Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.43M
Owner & transaction history
Kelly Boat Services Lc · 29 yrs held
Kelly Boat Services Lc
since 1997
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+31.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,810,000
Current use
COMMERCIAL (GENERAL)
$3,695,000
Change: +31% · Conversion: Easy
OFFICE BUILDING
$2,650,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±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
$184 / 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
$75,119
Tax year 2023
Assessed value
$6,393,760
Assessed 2023
Previous assessed
$6,108,153
+4.7% YoY
Effective rate
1.17%
On assessed value
Assessed land
$5,012,807
Assessed improvement
$1,380,953
Land market value
$5,012,807
Improvement market value
$1,380,953
Total market value
$6,393,760
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
2
Units
1
Rooms
8
Total area
13,227 SF
Lot
7.4 ac (322,138 SF)
APN
00-2S-22-0630-0000-0900
UPID
US18-3499183
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
RESTAURANT Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$3.7M
OFFICE BUILDING
Est. value
$2.7M
RESTAURANT Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Units
1
Rooms
8
Lot
7.4 ac
Current owner
From public records · entity-resolved
Kelly Boat Services Lc
Individual
Free & Clear · 29 yrs held
Mailing address
4471 LEGENDARY DR, DESTIN, FL 32541-5324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
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 7, 2019
—
Pelican Point Harbor LLC
—
Deed
related
$3,300,000 · Hancock Whitney Bk
Apr 8, 1997
$987,000
Kelly Boat Services Lc
Kelly Docks INC
Grant Deed
related
—
—
—
Pelican Point Harbor LLC
—
Deed Of Trust
related
$3,300,000 · Hancock Whitney Bk
—
—
Kelly Boat Services Lc
—
Deed Of Trust
related
$1,000,637 · Kelly Mattie M Trust 908 (pt)
—
—
Kelly Boat Services Lc
—
Deed Of Trust
related
$794,245 · Mattie M Kelly Land Trust (pt)
—
—
Kelly Boat Services Lc
—
Deed Of Trust
related
$403,902 · Kelly Mattie M Land Tr (pt)
—
—
Kelly Boat Services Lc
—
Deed Of Trust
related
$1,952,996 · Kelly Mattie M Trust 908 (pt)
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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