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Property profile & analytics
FOR SALE
Specialty properties
908 Mar Walt Dr Fort Walton Beach, FL 32547
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-0366784
For Sale
1 / 23
$879,000
908 Mar Walt Dr, Fort Walton Beach, FL 32547
View Listing →
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,436 SF
Lot
0.43 ac (18,719 SF)
APN
34-1S-24-0000-0052-003A
UPID
US18-0366784
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
-
Dr. Steven J. Sukstorf, MD Physician Medical Clinic
-
Total Wright Tree Service Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$550k
Owner & transaction history
Tasci Properties Uc · 1 yrs held
Tasci Properties Uc
since 2025
Last sale
$495,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$560,000
+11.5%
Retail stores
$525,000
+5.1%
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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$500,000
Current use
AUTO REPAIR, GARAGE
$560,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$525,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$475,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $495k (Feb 26 2021)
Last sale anchor
$495k
Feb 26 2021
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
$226 / 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
$5,045
Tax year 2023
Assessed value
$407,488
Assessed 2023
Previous assessed
$393,113
+3.7% YoY
Effective rate
1.24%
On assessed value
Assessed land
$181,948
Assessed improvement
$225,540
Land market value
$181,948
Improvement market value
$225,540
Total market value
$407,488
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
For Sale
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Rooms
10
Total area
2,436 SF
Lot
0.43 ac (18,719 SF)
APN
34-1S-24-0000-0052-003A
UPID
US18-0366784
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
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$560,000
RETAIL STORES
Est. value
$525,000
COMMERCIAL (GENERAL)
Est. value
$475,000
VETERINARY, ANIMAL HOSPITAL Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
10
Lot
0.43 ac
Current owner
From public records · entity-resolved
Tasci Properties Uc
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 936, SHALIMAR, FL 32579-0936
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
—
Tasci Properties Uc
Tasc1 Properties LLC
Deed
related
—
Feb 26, 2021
$495,000
Mike Tasc1 Properties LLC
Rme Multifamily Properties LLC
Warranty Deed
—
Jan 28, 2020
—
Rme Multifamily Properties LLC
Rme Imaging Properties LLC
Quit Claim Deed
related
—
Mar 8, 2011
$750,000
Rme Imaging Properties LLC
Mn Mq LLC
Grant Deed
—
Jun 8, 2007
$852,800
Mn Mq LLC
Image Properties LLC
Special Warranty Deed
$13,570,000 · Wachovia Bank NA
Jul 13, 2001
$475,114
Image Properties LLC
Shields Chiropratic Center
Grant Deed
—
Oct 11, 2000
$475,000
Image Properties LLC
Sheldon Chiropractic Center
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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