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Property profile & analytics
OFF-MARKET
Estimated value
$4,005,000
Marinas
Miracle Strip Pkwy Ft Walton Beach, FL 32548
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4148435
Property profile
Verified
Property type
Marinas
Use group
MARINE FACILITY/BOARD REPAIRS
Year built
2017
Construction
STEEL FRAME
Total area
2,850 SF
Lot
1.8 ac (78,200 SF)
APN
23-2S-24-221A-0000-0040
UPID
US18-4148435
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.01M
Owner & transaction history
Marinemax East INC · 4 yrs held
Marinemax East INC
since 2021
Last sale
$4.0M
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 Ft Walton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ft 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
$4,070,000
ML approach
$4,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.01M
Range $3.60M – $4.41M · ±10% · vs last sale $4.00M (Dec 21 2021)
Last sale anchor
$4.00M
Dec 21 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
$1,405 / 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
$2,363
Tax year 2023
Assessed value
$169,497
Assessed 2023
Previous assessed
$347,125
-51.2% YoY
Effective rate
1.39%
On assessed value
Assessed land
$169,497
Land market value
$169,497
Total market value
$169,497
Applied tax rate
4.0000
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
Marinas
Use group
MARINE FACILITY/BOARD REPAIRS
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
1
Total area
2,850 SF
Lot
1.8 ac (78,200 SF)
APN
23-2S-24-221A-0000-0040
UPID
US18-4148435
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
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Lot
1.8 ac
Current owner
From public records · entity-resolved
Marinemax East INC
Entity
Free & Clear · 4 yrs held
Mailing address
119 HOLLYWOOD BLVD NW STE #206, FORT WALTON BEACH, FL 32548-4758
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$4,000,000
Marinemax East INC
22 Miracle Strip Pkwy LLC
Warranty Deed
—
Feb 1, 2019
—
6-14 Miracle Strip Parkway LLC
—
Deed
related
$1,500,000 · Beach Cmnty Bk
Aug 8, 2013
$714,429
Peach Reo LLC
Premier Of Fort Walton LLC Coc
Trustees Deed
related
—
Feb 26, 2010
—
Premier Of Fort Walton LLC
—
Deed Of Trust
related
$6,416,056 · Coastal Bank & Trust
Sep 17, 2008
$2,700,000
Hari-bharati INC
Inam Ents INC
Warranty Deed
$2,160,000 · Premier Community Bank Emrld C
Jan 18, 2005
$7,800,000
Premier Of Fort Walton LLC
Reinhold,john W JR
Grant Deed
$6,581,250 · Vanguard Bank & Trust Co
Jun 18, 1999
—
John W Reinhold
Adventure Marine Real Estate
Grant Deed
$1,200,000 · Emerald Coast Bank
—
—
6-14 Miracle Strip Parkway LLC
—
Deed Of Trust
related
$1,500,000 · Beach Cmnty Bk
—
—
Premier Of Fort Walton LLC
—
Deed Of Trust
related
$523,179 · Vanguard Bank & Trust Co
—
—
Premier Of Fort Walton LLC
—
Deed Of Trust
related
$509,696 · Coastal Bank & Trust
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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