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Property profile & analytics
OFF-MARKET
Retail space
8192 2nd Ave Laurel Hill, FL 32567
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3193379
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,132 SF
Lot
0.23 ac (10,000 SF)
APN
05-5N-22-2510-0003-009A
UPID
US18-3193379
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cannon Sullivan Properties LLC · 4 yrs held
Cannon Sullivan Properties LLC
since 2022
Last sale
$200,000
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 Laurel Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurel Hill 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
$602
Tax year 2023
Assessed value
$46,888
Assessed 2023
Previous assessed
$44,633
+5.1% YoY
Effective rate
1.28%
On assessed value
Assessed land
$16,745
Assessed improvement
$30,143
Land market value
$16,745
Improvement market value
$30,143
Total market value
$46,888
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
2
Total area
2,132 SF
Lot
0.23 ac (10,000 SF)
APN
05-5N-22-2510-0003-009A
UPID
US18-3193379
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
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Cannon Sullivan Properties LLC
Entity
Mailing address
3997 CMNS DR W STE P, DESTIN, FL 32541-8444
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Mar 7, 2022
$200,000
Cannon Sullivan Properties LLC
Jrw Investments LLC
Warranty Deed
$178,639 · First National Bank Of Decatur Coun
May 26, 2011
$118,100
Jrw Investments LLC
Blackwater Ranch LLC Coc
Trustees Deed
—
May 24, 2007
—
Blackwater Ranch LLC
Gbw Investments INC
Warranty Deed
—
Mar 11, 2005
$612,100
Blackwater Ranch LLC
Gbw Investments INC
Warranty Deed
$428,400 · Access Bank & Mortgage
Oct 15, 2003
$65,000
Pentecostal Holiness Chu Unity
Wheeler,carolyn
Grant Deed
—
—
—
M Fitzgerald Stucki
—
Deed Of Trust
related
$100,000 · Robert E JR Dale
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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