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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Specialty properties
994 Airport Rd Destin, FL 32541-2820
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US19-0809882
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,466 SF
Lot
0.75 ac (32,494 SF)
APN
00-2S-22-0025-0000-0030
UPID
US19-0809882
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. George Novak, MD Physician Medical Clinic
-
Yvette Novak, M.D. Internal Medicine Physician
-
Novak Plastic Surgery-Destin Physician Medical Clinic
-
Face First of Destin Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$702k
Blend (final)
Blend
$525k
Owner & transaction history
Northstar Properties Of Destin LLC · 19 yrs held
Northstar Properties Of Destin LLC
since 2007
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 Destin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Destin 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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$81 / 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
$9,690
Tax year 2023
Assessed value
$811,162
Assessed 2023
Previous assessed
$778,142
+4.2% YoY
Effective rate
1.19%
On assessed value
Assessed land
$268,607
Assessed improvement
$542,555
Land market value
$268,607
Improvement market value
$542,555
Total market value
$811,162
Applied tax rate
10.0000
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
28
Total area
6,466 SF
Lot
0.75 ac (32,494 SF)
APN
00-2S-22-0025-0000-0030
UPID
US19-0809882
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
28
Lot
0.75 ac
Current owner
From public records · entity-resolved
Northstar Properties Of Destin LLC
Entity
Mailing address
4061 INDIAN TRL, DESTIN, FL 32541-4325
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2020
—
Northstar Properties Of Destin Ll
—
Deed
related
—
Jan 8, 2020
—
Northstar Prop Of Destin LLC
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Deed
related
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Sep 10, 2019
—
Northstar Prop Of Destin LLC
—
Deed
related
—
Aug 25, 2016
—
Northstar Props Of Destin LLC
—
Deed
related
—
Mar 2, 2007
$258,600
Northstar Properties Of Destin LLC
Novak & Novak Pa
Warranty Deed
$1,500,000 · Trustmark National Bank
Aug 19, 2002
$175,000
Novak
Fort Walton Beach Medical Ctr
Grant Deed
$148,750 · Beach Community Bank
—
—
Northstar Props Of Destin LLC
—
Deed Of Trust
related
$99,407 · Trustmark National Bank
—
—
Northstar Prop Of Destin LLC
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Loan Modification
related
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Northstar Properties Of Destin Ll
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Loan Modification
related
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Northstar Prop Of Destin LLC
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Loan Modification
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Northstar Properties Of Destin Ll
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Loan Modification
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Northstar Props Of Destin LLC
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Loan Modification
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Northstar Properties Of Destin Ll
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Loan Modification
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Northstar Properties Of Destin Ll
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Loan Modification
related
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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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