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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Specialty properties
925 Mar Walt Dr, Fort Walton Beach, FL 32547-6602
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3979959
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1999
Construction
STEEL FRAME
Total area
21,037 SF
Lot
1.35 ac (58,928 SF)
APN
34-1S-24-0000-0053-0050
UPID
US18-3979959
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. Christopher S. Reid, MD Physician Medical Clinic
-
Kidney Group Medical Clinic
-
Dr. Derek Jimenez, MD Physician Medical Clinic
-
Misty L. Willis, ARNP Physician
-
Dr. Nicholas Nagrani Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.24M
Blend (final)
Blend
$4.40M
Owner & transaction history
Smbc Leasing And Finance INC · 2 yrs held
Smbc Leasing And Finance INC
since 2024
Last sale
$4.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+11.5%
Restaurant
$4.8M
+10.9%
Retail stores
$4.6M
+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
$4,400,000
ML approach
$4,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$4,330,000
Current use
AUTO REPAIR, GARAGE
$4,825,000
Change: +11% · Conversion: Difficult
RESTAURANT
$4,805,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$4,550,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,100,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $4.40M (Apr 18 2024)
Last sale anchor
$4.40M
Apr 18 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
$209 / 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
$28,909
Tax year 2023
Assessed value
$2,335,076
Assessed 2023
Previous assessed
$2,335,076
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$572,780
Assessed improvement
$1,762,296
Land market value
$572,780
Improvement market value
$1,762,296
Total market value
$2,335,076
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
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
3
Rooms
47
Total area
21,037 SF
Lot
1.35 ac (58,928 SF)
APN
34-1S-24-0000-0053-0050
UPID
US18-3979959
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
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RESTAURANT
Est. value
$4.8M
RETAIL STORES
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.1M
VETERINARY, ANIMAL HOSPITAL Current
AUTO REPAIR, GARAGE
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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Rooms
47
Lot
1.35 ac
Current owner
From public records · entity-resolved
Smbc Leasing And Finance INC
Entity
Free & Clear · 2 yrs held
Mailing address
277 PARK AVE, NEW YORK, NY 10172-0003
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$4,400,000
Smbc Leasing And Finance INC
Medicai Arts Plaza LLC
Special Warranty Deed
—
Jan 31, 2020
—
Medical Arts Plaza LLC
Zachos Life Insurance Trust
Warranty Deed
—
May 13, 2010
—
Zachos Life Insurance Trust
Zachos,kalliope
Quit Claim Deed
related
—
Jan 26, 1998
$450,000
Gilliland Building & Remodel
Zachos Trust
Trustees Deed
$1,500,000 · Suntrust Bank West Florida
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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