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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Automotive properties
916 Beal N Pkwy, Fort Walton Beach, FL 32547-1401
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4734987
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2020
Construction
CONCRETE
Total area
18,611 SF
Lot
2.24 ac (97,628 SF)
APN
34-1S-24-0000-0131-0000
UPID
US18-4734987
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
-
Step One Subaru Fort Walton Beach Car Dealership
-
Subaru Fort Walton Beach Service Center Auto Repair Shop
-
Subaru Fort Walton Beach Parts Department Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$3.62M
Owner & transaction history
Step One Automotive Vfw LLC · 7 yrs held
Step One Automotive Vfw LLC
since 2018
4 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,270,000
Current use
RESTAURANT
$4,250,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,025,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,630,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±10%
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
$194 / 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
$30,996
Tax year 2023
Assessed value
$2,503,668
Assessed 2023
Previous assessed
$2,428,079
+3.1% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,470,268
Assessed improvement
$1,033,400
Land market value
$1,470,268
Improvement market value
$1,033,400
Total market value
$2,503,668
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Rooms
9
Total area
18,611 SF
Lot
2.24 ac (97,628 SF)
APN
34-1S-24-0000-0131-0000
UPID
US18-4734987
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
AUTO REPAIR, GARAGE Current
Est. value
$4.3M
RESTAURANT
Est. value
$4.3M
RETAIL STORES
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE Current
RESTAURANT
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
2020
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
9
Lot
2.24 ac
Current owner
From public records · entity-resolved
Step One Automotive Vfw LLC
Entity
Mailing address
541 MARY ESTHER CUT OFF NW, FORT WALTON BEACH, FL 32548-4058
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2018
$1,350,000
Step One Automotive Vfw LLC
M H Beal LLC
Warranty Deed
—
May 25, 2001
$575,000
Mh Beal LLC
Pentel Trust
Grant Deed
$560,000 · Southtrust Bank NA
—
—
Mh Beal LLC
—
Deed Of Trust
related
$213,000 · Beach Cmnty Bk
—
—
M H Beal LLC
—
Deed Of Trust
related
$213,000 · Beach Community 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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