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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Office buildings
8438 Gulf Blvd Navarre, FL 32566-7275
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3838458
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,856 SF
Lot
0.18 ac (8,000 SF)
Zoning code
NB-C
APN
28-2S-26-0000-00900-0000
UPID
US18-3838458
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
$920k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Ctic Florida LLC · 1 yrs held
Ctic Florida LLC
since 2024
Last sale
$920,000
7 recorded transactions
Zoning & alternative use
NB-C · Navarre, FL
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 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
$920,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $920k (Dec 26 2024)
Last sale anchor
$920k
Dec 26 2024
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
$322 / 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
$7,499
Tax year 2023
Assessed value
$659,621
Assessed 2023
Previous assessed
$550,209
+19.9% YoY
Effective rate
1.14%
On assessed value
Assessed land
$296,125
Assessed improvement
$363,496
Land market value
$296,125
Improvement market value
$363,496
Total market value
$659,621
Applied tax rate
10.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Rooms
10
Bathrooms
4
Total area
2,856 SF
Lot
0.18 ac (8,000 SF)
Zoning code
NB-C
APN
28-2S-26-0000-00900-0000
UPID
US18-3838458
Jurisdiction
SANTA ROSA
Zoning & alternative use
NB-C · Navarre, FLZoning NB-C · permitted uses
NB-C · Navarre, FL
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Rooms
10
Bathrooms
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Ctic Florida LLC
Entity
Mailing address
8668 NAVARRE PKWY #148, NAVARRE, FL 32566-2185
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
$920,000
Ctic Florida LLC
Blue Oak Southern LLC
Deed
$690,000 · Gulf Coast Bank & Trust Co
Dec 2, 2020
—
Blue Oak Southern LLC
—
Deed
related
$334,250 · Pen Air Federal Cu
May 1, 2019
—
Blue Oak Southern Lc
—
Deed
related
$336,000 · Centennial Bank
Aug 14, 2015
$347,000
Cs Funding LLC
8438 Gulf LLC
Grant Deed
related
—
Aug 2, 2012
—
8438 Gulf LLC
Beachside Invs Group LLC
Grant Deed
related
—
Jul 24, 2012
$375,000
8438 Gulf LLC
Beachside Invs Group LLC
Warranty Deed
—
—
—
Sharon Bonnette
—
Deed Of Trust
related
$109,000 · Abn Amro Mortgage Group INC
—
—
8438 Gulf LLC
—
Deed Of Trust
related
$75,000 · Beachside Invs Group LLC
—
—
Joseph C White
—
Deed Of Trust
related
$165,000 · Curtis White
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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