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Property profile & analytics
FOR LEASE
Retail space
4031 Thomas Dr Panama City Beach, FL 32408
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4182798
For Lease
1 / 10
$3,000/Mo
4031 Thomas Dr, Panama City Beach, FL 32408
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,370 SF
Lot
0.95 ac (41,382 SF)
Zoning code
BC05
APN
31428-029-000
UPID
US18-4182798
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Olesea Siriteanu · 4 yrs held
Olesea Siriteanu
since 2021
Last sale
$475,000
7 recorded transactions
Zoning & alternative use
BC05 · Panama City Beach, 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 Panama City Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Panama City 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
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
$7,780
Tax year 2023
Assessed value
$639,313
Assessed 2023
Previous assessed
$642,668
-0.5% YoY
Effective rate
1.22%
On assessed value
Assessed land
$617,500
Assessed improvement
$21,813
Land market value
$617,500
Improvement market value
$21,813
Total market value
$639,313
Applied tax rate
56.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
1
Rooms
5
Total area
1,370 SF
Lot
0.95 ac (41,382 SF)
Zoning code
BC05
APN
31428-029-000
UPID
US18-4182798
Jurisdiction
BAY
Zoning & alternative use
BC05 · Panama City Beach, FL
Zoning BC05 · permitted uses
BC05 · Panama City Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Panama City Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Lot
0.95 ac
Current owner
From public records · entity-resolved
Olesea Siriteanu
Individual
Mailing address
117 ROYAL PALM BLVD, PANAMA CITY BEACH, FL 32408-5274
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
Jul 26, 2021
$200,000
Olesea Siriteanu
Tony Horton
Quit Claim Deed
related
—
Mar 28, 2019
$475,000
Tony Horton
Hurley P A Living Trust
Warranty Deed
$380,000 · Paul A Hurley
Jan 26, 2018
$400,000
Paul A Hurley
Carlos E Hodes LLC
Warranty Deed
$320,000 · Regions Bank
Jul 20, 2016
—
Carlos E Hodges LLC
—
Deed
related
$200,000 · Yale Mortgage Funding LLC
Feb 4, 2013
$315,000
Carlos E Hodges LLC
Gulf Coast Cmnty Bk
Warranty Deed
—
Apr 18, 2006
—
A & Ch Properties LLC
—
Trustees Deed
related
$200,000 · Surf Style Acquisitions LLC
Oct 14, 2005
—
A & Ch Properties LLC
—
Trustees Deed
related
$2,830,811 · Eliyahu Levy
Jul 14, 2003
$325,000
A & Ch Properties LLC
Mathis,harvey P
Grant Deed
$300,000 · Harvey P Mathis
—
—
Carlos E Hodges LLC
—
Deed Of Trust
related
$100,000 · Don Nations
—
—
A & Ch Properties LLC
—
Deed Of Trust
related
$1,345,500 · Gulf Coast Community Bank
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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