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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Commercial real estate
768 John Sims E Pkwy Niceville, FL 32578-2032
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5460013
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,419 SF
Lot
0.33 ac (14,280 SF)
APN
07-1S-22-2680-0001-0110
UPID
US18-5460013
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
-
Gulfway Capital Corporate Office Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$850k
Owner & transaction history
Costa Union Club LLC · 2 yrs held
Costa Union Club LLC
since 2024
Last sale
$850,000
6 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 Niceville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niceville 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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,015,000
7%
$940,000
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (May 23 2024)
Last sale anchor
$850k
May 23 2024
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
$157 / 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
$4,969
Tax year 2023
Assessed value
$372,705
Assessed 2023
Previous assessed
$372,705
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$220,693
Assessed improvement
$152,012
Land market value
$220,693
Improvement market value
$152,012
Total market value
$372,705
Applied tax rate
6.0000
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Rooms
18
Total area
5,419 SF
Lot
0.33 ac (14,280 SF)
APN
07-1S-22-2680-0001-0110
UPID
US18-5460013
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
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Rooms
18
Lot
0.33 ac
Current owner
From public records · entity-resolved
Costa Union Club LLC
Entity
Mailing address
4300 LEGENDARY DR, DESTIN, FL 32541-8604
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
$850,000
Costa Union Club LLC
Gulfway Capital LLC
Warranty Deed
$680,000 · Synovus Bank
Sep 23, 2019
—
Gasaway,kenneth B Trust
—
Deed
related
$100,000 · First Fl Bk
Jan 31, 2018
—
Gulfway Capital LLC
—
Deed
related
$50,000 · First Florida Bank
Jun 12, 2017
$435,000
Gulfway Capital LLC
Emerlad Coast Services Tdc INC
Warranty Deed
$441,000 · First Florida Bank
Apr 5, 2013
$303,000
Emerald Coast Services Tdc
Brewer,gordon L JR
Warranty Deed
$280,000 · Coastal Bank & Trust
—
—
Gasaway,kenneth B Trust
—
Loan Modification
related
$100,000 · First Fl 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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