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Property profile & analytics
OFF-MARKET
Commercial real estate
906 Mar Walt Dr, Fort Walton Beach, FL 32547
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-6130663
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1984
Total area
837 SF
Lot
0.42 ac (18,416 SF)
APN
34-1S-24-1730-0000-00E0
UPID
US18-6130663
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
-
Stratus Tattoo & Art Studio Tattoo & Piercing Shop
-
SEASIDE TOWING Auto Repair Shop
-
Tonya Holman Law Firm Law Firm Child Welfare Organization
-
Jeffery C. Patrick, CPA, LLC Accounting Firm
-
Destin & Fort Walton CPA, LLC Accounting Firm Tax Preparation
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
Kayne And Spencer Cap Investments C · 3 yrs held
Kayne And Spencer Cap Investments C
since 2022
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
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
$737
Tax year 2023
Assessed value
$59,500
Assessed 2023
Previous assessed
$59,000
+0.8% YoY
Effective rate
1.24%
On assessed value
Assessed improvement
$59,500
Improvement market value
$59,500
Total market value
$59,500
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1984
Heating
NONE
Units
1
Rooms
1
Total area
837 SF
Lot
0.42 ac (18,416 SF)
APN
34-1S-24-1730-0000-00E0
UPID
US18-6130663
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
1984
Heating
NONE
Units
1
Rooms
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Kayne And Spencer Cap Investments C
Entity
Free & Clear · 3 yrs held
Mailing address
200 DEVON CT, FORT WALTON BEACH, FL 32547-3110
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
—
Shell Medical INC
—
Deed
related
$2,511,000 · Lendingclub Bank NA
Dec 19, 2022
$100,000
Kayne And Spencer Cap Investments C
Woodburn S Wesley JR
Quitclaim Deed
related
—
Mar 31, 2022
$75,000
Gulf Coast Hearing
Joseph F Stein
Quitclaim Deed
related
—
Mar 21, 2022
—
Joseph F Stein
Stein Eye Care INC
Quitclaim Deed
related
—
Jan 31, 2022
$130,000
Cit Ventures LLC
Carmel Ceravolo
Warranty Deed
$110,500 · Community Bank Of Mississippi
Sep 25, 2020
$85,000
Shell Medical INC
Russell W Youngblood
Warranty Deed
$72,250 · Whitney Bank
Dec 4, 2018
$79,900
Carmel Ceravolo
Boult Sidney H Trust
Warranty Deed
—
Aug 21, 2014
$48,000
Jeffery C Patrick
Thickbroom,peter A
Grant Deed
—
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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