New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,110,000
Retail space
8187 Navarre Pkwy, Navarre, FL 32566-6941
Individually Owned
28-yr Hold
~
Est. High Equity
Property ID
US18-3933947
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
STEEL FRAME
Total area
32,129 SF
Lot
2.75 ac (119,790 SF)
Zoning code
HCD
APN
20-2S-26-0000-02100-0000
UPID
US18-3933947
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.32M
Comparable Approach
Comparable
$4.38M
Blend (final)
Blend
$4.11M
Owner & transaction history
Charles M Smith · 28 yrs held
Charles M Smith
since 1997
7 recorded transactions
Zoning & alternative use
HCD · Navarre, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+37.2%
Medical building
$5.4M
+10.3%
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 Navarre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Navarre 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%
$5,760,000
6.5%
$5,320,000
7%
$4,940,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,935,000
Current use
RESTAURANT
$6,775,000
Change: +37% · Conversion: Easy
MEDICAL BUILDING
$5,445,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,215,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.11M
Range $3.70M – $4.52M · ±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
$128 / 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
$43,098
Tax year 2023
Assessed value
$3,334,405
Assessed 2023
Previous assessed
$2,228,038
+49.7% YoY
Effective rate
1.29%
On assessed value
Assessed land
$887,355
Assessed improvement
$2,447,050
Land market value
$887,355
Improvement market value
$2,447,050
Total market value
$3,334,405
Applied tax rate
12.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
32
Bathrooms
20
Total area
32,129 SF
Lot
2.75 ac (119,790 SF)
Zoning code
HCD
APN
20-2S-26-0000-02100-0000
UPID
US18-3933947
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Navarre, FL
Zoning HCD · permitted uses
HCD · Navarre, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Navarre. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.9M
RESTAURANT
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2008
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
32
Bathrooms
20
Lot
2.75 ac
Current owner
From public records · entity-resolved
Charles M Smith
Individual
Mailing address
PO BOX 2412, SANTA RSA BCH, FL 32459-2412
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2020
—
Mfh Enterprises LLC
—
Deed
related
$2,500,000 · Union State Bank
Oct 8, 2020
—
Mfh Ents LLC
—
Deed
related
—
Dec 8, 1997
$265,000
Charles M Smith
Miger,john W
Grant Deed
$212,000 · Seller
—
—
Mfh Ents LLC
—
Deed Of Trust
related
$170,000 · USA
—
—
Mfh Ents LLC
—
Deed Of Trust
related
—
—
—
Mfh Ents LLC
—
Deed Of Trust
related
$676,447 · Trustmark Nat'l Bk
—
—
Mfh Ents LLC
—
Deed Of Trust
related
—
—
—
Mfh Ents LLC
—
Deed Of Trust
related
$460,000 · Banktrust
—
—
Mfh Ents LLC
—
Loan Modification
related
—
—
—
Mfh Ents LLC
—
Deed Of Trust
related
—
—
—
Mfh Ents LLC
—
Deed Of Trust
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 8187 Navarre Pkwy?
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.
