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Property profile & analytics
FOR SALE
Commercial land
843 Eglin Pkwy Fort Walton Beach, FL 32547
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4600948
For Sale
1 / 24
$1,299,000
843 Eglin Pkwy, Fort Walton Beach, FL 32547
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Total area
12,012 SF
Lot
1.47 ac (63,965 SF)
APN
06-2S-23-0000-0038-0000
UPID
US18-4600948
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
-
TownePlace Suites Fort Walton Beach-Eglin AFB Hotel & Motel
-
843 Eglin Parkway Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Brooke J Villano · 4 yrs held
Brooke J Villano
since 2022
Last sale
$850,000
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
Method
Estimation
Statistic approach
$690,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $850k (Apr 6 2022)
Last sale anchor
$850k
Apr 6 2022
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
$67 / 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
$8,417
Tax year 2023
Assessed value
$679,840
Assessed 2023
Previous assessed
$567,954
+19.7% YoY
Effective rate
1.24%
On assessed value
Assessed land
$679,840
Land market value
$679,840
Total market value
$679,840
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Total area
12,012 SF
Lot
1.47 ac (63,965 SF)
APN
06-2S-23-0000-0038-0000
UPID
US18-4600948
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
Heating
NONE
Lot
1.47 ac
Current owner
From public records · entity-resolved
Brooke J Villano
Individual
Mailing address
481 KELLY ST, DESTIN, FL 32541-1514
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
$850,000
Brooke J Villano
Wim Fwb Investors 2 LLC
Warranty Deed
$595,000 · Whitney Bank
Sep 27, 2012
$1,700,000
Wim-fwb Investors LLC
Synovus Bk
Grant Deed
—
Apr 18, 2011
—
Synovus Bk
Venture Capital LLC Coc
Trustees Deed
related
—
Feb 3, 2006
$673,300
Terceira Dev LLC
Trufas Y Vino LLC
Warranty Deed
—
Feb 3, 2006
$168,400
Terceira Dev LLC
Trufas Y Vino LLC
Warranty Deed
—
Apr 12, 2004
$600,000
Trufas Y Vino LLC
Bayside Properties LLC
Grant Deed
—
Apr 12, 2004
$150,000
Trufas Y Vino LLC
Bayside Properties LLC
Grant Deed
—
Nov 14, 2001
$1,800,000
Bayside Properties LLC
Meyer Trust
Grant Deed
—
Feb 10, 1997
—
Frederick S Meyer
Manfred Meyer Estate
Quit Claim Deed
related
—
—
—
Wim-fwb Investors LLC
—
Deed Of Trust
related
$9,450,000 · Plains Capital Bank
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
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