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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Commercial land
Southcrest Dr Crestview, FL 32539
Entity Owned
Free & Clear
Property ID
US18-6428914
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
14.14 ac (615,938 SF)
Zoning code
C-1
APN
29-3N-23-0000-0025-0250
UPID
US18-6428914
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
$2.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.10M
Owner & transaction history
Okaloosa County
Okaloosa County
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
C-1 · Crestview, 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 Crestview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Crestview 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
$2,175,000
ML approach
$2,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10% · vs last sale $2.00M (Oct 26 2022)
Last sale anchor
$2.00M
Oct 26 2022
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
—
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
$24,186
Tax year 2023
Assessed value
$1,495,040
Assessed 2023
Previous assessed
$1,695,801
-11.8% YoY
Effective rate
1.62%
On assessed value
Assessed land
$1,495,040
Land market value
$1,495,040
Total market value
$1,495,040
Applied tax rate
3.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
14.14 ac (615,938 SF)
Zoning code
C-1
APN
29-3N-23-0000-0025-0250
UPID
US18-6428914
Jurisdiction
OKALOOSA
Zoning & alternative use
C-1 · Crestview, FL
Zoning C-1 · permitted uses
C-1 · Crestview, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Crestview. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
14.14 ac
Current owner
From public records · entity-resolved
Okaloosa County
Entity
Free & Clear · 0 yrs held
Mailing address
698 N FERDON BLVD, CRESTVIEW, FL 32536-2165
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
—
Okaloosa County
Synergy Hotel Group LLC
Warranty Deed
—
Oct 26, 2022
—
Synergy Hotel Group LLC
Crestview Hospitality LLC
Quit Claim Deed
related
—
Dec 16, 2019
$2,000,000
Synergy Hotel Group LLC
Southcrest Developers LLC
Warranty Deed
—
Dec 16, 2019
—
Southcrest Developers LLC
Okaloosa Investments LLC
Quit Claim Deed
related
—
Nov 7, 2019
$100
Southcrest Developers LLC
Ray Const Of Okaloosa Cnty Ltd
Quit Claim Deed
related
—
Aug 23, 2019
—
Southcrest Developers LLC
—
Deed
related
$2,000,000 · Hancock Whitney Bk
Mar 24, 2015
$1,700,000
Southcrest Developers LLC
City National Bankf Of Florida
Special Warranty Deed
$2,000,000 · Whitney Bank
Apr 26, 2012
—
City Natl Bk Of Fl
Okaloosa Investments LLC Coc
Trustees Deed
related
—
Apr 9, 2007
—
Okaloosa Investments LLC
R & R Investments Ltd
Quit Claim Deed
related
—
Apr 9, 2007
$4,000,000
Okaloosa Investments LLC
Ray Const Of Okaloosa Cnty Ltd
Warranty Deed
related
—
—
—
Southcrest Developers LLC
—
Loan Modification
related
$2,000,000 · Hancock Whitney Bk
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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