Back to Search
Property profile & analytics
OFF-MARKET
Residential income homes
80 Miracle Strip SE Pkwy 220 Fort Walton Beach, FL 32548-2852
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6928977
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1960
Total area
347 SF
Lot
3.92 ac (170,654 SF)
APN
24-2S-24-3068-0000-2200
UPID
US18-6928977
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
-
Cabinets PLUS Granite & Marble Factory Production Facility
-
Trane Servicing & Repair Hardware & Home Improvement HVAC Service
-
Charles H Smith Heating & AC Gas Hardware & Home Improvement HVAC Service
-
Zeb Watts Septic & Underground Plumbing Service General Contractor
-
Lassiters Lawn Care & Landscaping Garden Center Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Edward J Sullivan · 22 yrs held
Edward J Sullivan
since 2004
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 Fort Walton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Walton Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$976
Tax year 2023
Assessed value
$70,000
Assessed 2023
Previous assessed
$70,000
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed improvement
$70,000
Improvement market value
$70,000
Total market value
$70,000
Applied tax rate
4.0000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1960
Heating
NONE
Units
1
Rooms
2
Bathrooms
1
Total area
347 SF
Lot
3.92 ac (170,654 SF)
APN
24-2S-24-3068-0000-2200
UPID
US18-6928977
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
1960
Heating
NONE
Units
1
Rooms
2
Bathrooms
1
Lot
3.92 ac
Current owner
From public records · entity-resolved
Edward J Sullivan
Individual
Free & Clear · 22 yrs held
Mailing address
1265 HALES BAR RD, GUILD, TN 37340-5030
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2004
$2,300
Edward J Sullivan
Marina Bay Resort Condo Assn
Grant Deed
related
—
Feb 17, 2004
—
Marina Bay Resort Condo Assn
Capusan,jerome J & Norma I
Grant Deed
related
—
Nov 18, 2003
—
Marina Bay Resort Condo Assn
Crum,micahel A & Deborah A
Grant Deed
related
—
Oct 2, 2003
—
Marina Bay Resort Condo Assn
Costa,alfred I & Ann C
Grant Deed
related
—
Sep 5, 2003
—
Marina Bay Resort Condo Assn
Rawlins,david L & Jimmie T
Grant Deed
related
—
Feb 25, 2002
$9,800
Marina Bay Resort Condo Assn
Better Investment Corp
Grant Deed
—
Sep 26, 2001
$500
James R Troutman
Marina Bay Resort Condo Assn
Grant Deed
related
—
Sep 14, 2001
—
Raymond A Peters
Marina Bay Resort Condominium
Grant Deed
related
—
Apr 3, 2001
$600
Marina Bay Resort Condo Assn
Cayson,raymond R
Grant Deed
related
—
Aug 2, 2000
$1,200
Robert Lawrence
Better Investment Corp
Grant Deed
related
—
Jun 30, 2000
$400
Marina Bay Resort Condo Assoc
Laaen,charles L & Dorothy J
Grant Deed
related
—
Apr 24, 2000
$2,900
Edward C Steffes
Lenhart,jerry
Grant Deed
related
—
Mar 9, 2000
$200
Jerry Lenhart
Marina Bay Resort Condo Assoc
Grant Deed
related
—
Feb 14, 2000
$300
Marina Bay Resort Condo Assoc
Wheby,earl M & Marion R
Grant Deed
related
—
Jan 4, 2000
$300
Marina Bay Resort Condo Assoc
Keeton,marjorie L
Grant Deed
related
—
Jan 5, 1999
$1,500
Young Trust
Marina Bay Resort Condo Assoc
Grant Deed
related
—
Mar 4, 1998
$400
Alan G Sirbaugh
Rycraft,roger N
Grant Deed
related
—
Feb 9, 1998
$600
Marina Bay Resort Condominium
Silverman,marvin & Paula F
Grant Deed
related
—
Nov 18, 1997
$1,500
Trudy N Bates
Hunter,diana
Grant Deed
related
—
Sep 18, 1996
$800
Diana Hunter
Schnell,leonard J & Kathryn M
Grant Deed
related
—
Jul 8, 1996
—
Marina Bay Resort Condo
Donovan,john F
Grant Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 80 Miracle Strip SE Pkwy, Unit 220?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
