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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Manufacturing properties
8403 Bay Blvd Navarre, FL 32566-6307
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-5173066
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Construction
STEEL FRAME
Total area
7,361 SF
Lot
0.46 ac (20,000 SF)
Zoning code
HCD
APN
08-2S-26-0000-00417-0000
UPID
US18-5173066
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
$560k
Comparable Approach
Comparable
$379k
Blend (final)
Blend
$540k
Owner & transaction history
Carter Restoration Santa Rosa Flori
Carter Restoration Santa Rosa Flori
since 2025
Last sale
$750,000
6 recorded transactions
Zoning & alternative use
HCD · Navarre, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$765,000
+131.0%
Retail stores
$680,000
+105.4%
Restaurant
$640,000
+94.5%
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%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$330,000
Current use
OFFICE BUILDING
$765,000
Change: +131% · Conversion: Difficult
RETAIL STORES
$680,000
Change: +105% · Conversion: Moderate
RESTAURANT
$640,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$615,000
Change: +87% · Conversion: Easy
WAREHOUSE, STORAGE
$540,000
Change: +63% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $750k (Dec 23 2025)
Last sale anchor
$750k
Dec 23 2025
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
$73 / 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
$5,102
Tax year 2023
Assessed value
$363,262
Assessed 2023
Previous assessed
$283,732
+28.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$70,000
Assessed improvement
$293,262
Land market value
$70,000
Improvement market value
$293,262
Total market value
$363,262
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
2
Rooms
6
Bathrooms
1
Total area
7,361 SF
Lot
0.46 ac (20,000 SF)
Zoning code
HCD
APN
08-2S-26-0000-00417-0000
UPID
US18-5173066
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
INDUSTRIAL (GENERAL) Current
Est. value
$330,000
OFFICE BUILDING
Est. value
$765,000
RETAIL STORES
Est. value
$680,000
RESTAURANT
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$615,000
WAREHOUSE, STORAGE
Est. value
$540,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Carter Restoration Santa Rosa Flori
Individual
Mailing address
8067 SAN PAOLO PL, NAVARRE, FL 32566-7580
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 23, 2025
$750,000
Carter Restoration Santa Rosa Flori
Steven R Anderson
Warranty Deed
$598,000 · Centennial Bank
Mar 7, 2022
—
Steven R Anderson
—
Deed
related
$230,000 · Centennial Bank
Aug 12, 2020
—
Steven R Anderson
—
Deed
related
—
Jan 30, 2015
$285,000
Steven R Anderson
Aerosource INC
Warranty Deed
$242,250 · Centennial Bank
Mar 13, 2001
$29,300
Aerosource INC
Scott,roger F & Linda K
Grant Deed
$203,000 · First National Bank Florida
—
—
Steven R Anderson
—
Loan Modification
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.
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