Entity Owned Property summary
AI-generated overview
This waterfront restaurant complex in Navarre, Florida comprises approximately 13,716 square feet on a site of over 1.14 acres of HCD-zoned land. The property includes 5,512 square feet of indoor dining space and 8,204 square feet of waterfront seating areas, providing views of Santa Rosa Sound and Navarre Beach. It has high visibility along Navarre Parkway with approximately 335 feet of road frontage and approximately 336 feet of waterfront. The complex consists of two parcels: a western parcel with an outdoor bar/grille and a playground area, and an eastern parcel that houses the main restaurant. A pier is present but is not included in the property described. The site is configured for restaurant use or potential redevelopment, with proximity to retail and hospitality uses and a dense surrounding population.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1982
Construction
WOOD FRAME
Total area
8,122 SF
Lot
0.54 ac (23,400 SF)
Zoning code
HCD
APN
20-2S-26-0000-00200-0000
UPID
US18-0202720
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
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
since 2018
Last sale
$3.5M
3 recorded transactions
Zoning & alternative use
HCD · Navarre, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
8,122 SF
Lot area
0.54 ac
Year built
1982
Stories
1
APN
20-2S-26-0000-00200-0000
Zoning
HCD
Assessed value
$621,880
Annual tax
$7,225
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$719k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
22.4 mi away · 5,849 SF
23.5 mi away · 6,650 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 64 sales
$131
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $89/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.46M
Move the market yield to see immediate price impact.
Value / SF
$426
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$218k
$4.36M
$3.11M
$2.42M
$242k
$4.84M
$3.46M
$2.69M
$266k
$5.33M
$3.81M
$2.96M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.47M
14.8 mi · Dec 2025 · $150/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,225
Tax year 2023
Assessed value
$621,880
Assessed 2023
Previous assessed
$621,880
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$621,880
Land market value
$621,880
Total market value
$621,880
Applied tax rate
12.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
33
Bathrooms
7
Total area
8,122 SF
Lot
0.54 ac (23,400 SF)
Zoning code
HCD
APN
20-2S-26-0000-00200-0000
UPID
US18-0202720
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Navarre, FLZoning HCD · permitted uses
HCD · Navarre, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1982
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
33
Bathrooms
7
Lot
0.54 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HCD
Jurisdiction
Navarre, FL
Recorded code
HCD
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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