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Property profile & analytics
OFF-MARKET
Race tracks
9359 Nichols Lk Rd Milton, FL 32583-9488
Entity Owned
Free & Clear
Property ID
US18-3488747
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
628 SF
Lot
33.84 ac (1,474,070 SF)
Zoning code
HCD
APN
15-1N-27-0000-00805-0000
UPID
US18-3488747
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
-
Southern Raceway Car Racing Track
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
M J Arnold Properties LLC
M J Arnold Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
HCD · Milton, FL
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
$7,865
Tax year 2023
Assessed value
$812,635
Assessed 2023
Previous assessed
$645,265
+25.9% YoY
Effective rate
0.97%
On assessed value
Assessed land
$685,260
Assessed improvement
$127,375
Land market value
$685,260
Improvement market value
$127,375
Total market value
$812,635
Applied tax rate
15.0000
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
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
WINDOW A/C
Buildings
9
Stories
2
Rooms
2
Bathrooms
22
Total area
628 SF
Lot
33.84 ac (1,474,070 SF)
Zoning code
HCD
APN
15-1N-27-0000-00805-0000
UPID
US18-3488747
Jurisdiction
SANTA ROSA
Zoning & alternative use
HCD · Milton, FL
Zoning HCD · permitted uses
HCD · Milton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
Yes
Stories
2
Buildings
9
Rooms
2
Bathrooms
22
Lot
33.84 ac
Current owner
From public records · entity-resolved
M J Arnold Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3109 BLUE LK DR STE #121, VESTAVIA, AL 35243-2582
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
—
M J Arnold Properties LLC
Marion J Arnold SR.
Warranty Deed
—
Mar 25, 2025
—
Marion J Arnold SR.
M Jarnold Properties LLC
Deed
related
—
Aug 2, 2023
—
Foresite Development LLC
Gulf First Investments INC
Lease
—
May 21, 2020
—
Mj Arnold
Thomas Lowerty
Quit Claim Deed
related
—
Mar 30, 2020
—
Mj Arnold
William M Hoover
Quit Claim Deed
related
—
Jun 16, 2009
$309,900
Southern Motorsports Of Milton Ll
J & B Ents Of Milton LLC
Warranty Deed
—
Nov 5, 2007
$900,000
J & B Ents Of Milton LLC
Arnold,michael H
Warranty Deed
$1,002,000 · Michael H Arnold
Nov 5, 2007
—
Michael H Arnold
Heath,cleo
Quit Claim Deed
related
—
Apr 20, 2000
$790,000
Michael H Arnold
Young & Son INC
Grant Deed
$490,000 · Seller
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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