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Property profile & analytics
OFF-MARKET
Turn key restaurants
10031 Hutchison Blvd Panama City Beach, FL 32407-3827
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-6036981
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2016
Construction
WOOD
Total area
5,280 SF
Lot
1.23 ac (53,579 SF)
Zoning code
PCB22
APN
34881-102-000
UPID
US18-6036981
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
Tote Holdings LLC · 2 yrs held
Tote Holdings LLC
since 2024
7 recorded transactions
Zoning & alternative use
PCB22 · 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
$10,271
Tax year 2023
Assessed value
$855,974
Assessed 2023
Previous assessed
$855,974
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$461,250
Assessed improvement
$394,724
Land market value
$461,250
Improvement market value
$394,724
Total market value
$855,974
Applied tax rate
13.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
2
Total area
5,280 SF
Lot
1.23 ac (53,579 SF)
Zoning code
PCB22
APN
34881-102-000
UPID
US18-6036981
Jurisdiction
BAY
Zoning & alternative use
PCB22 · Panama City Beach, FL
Zoning PCB22 · permitted uses
PCB22 · 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
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
Tote Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 9067, PANAMA CITY BEACH, FL 32417-9067
Ownership since
2024
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
Apr 4, 2024
—
Tote Holdings LLC
Kellycool LLC
Deed
related
—
Feb 1, 2024
$2,020,000
Tote Holdings LLC
Burger Guyz Of Florida INC
Warranty Deed
—
Feb 1, 2024
—
Kellycool LLC
Tote Holdings LLC
Warranty Deed
—
Jan 31, 2024
$2,020,000
Burger Guyz Of Florida INC
Hollinger Properties LLC
Warranty Deed
—
Jan 31, 2024
—
Hollinger Properties LLC
Panama City Beach LLC
Warranty Deed
—
Jun 1, 2021
—
Hollinger Properties LLC
Billy Bones
Warranty Deed
—
Dec 29, 2014
—
Billy Bones Panama City Beach
Hollinger,david
Quit Claim Deed
related
—
Jan 12, 2012
$500,000
Pineapple Willys INC
Rme Family LP
Warranty Deed
$322,400 · Vision Bank Fsb
Oct 27, 1999
$1,325,600
Rme Family LP
Panama City
Grant Deed
$1,193,000 · Bank South NA
—
—
Buskell,william A Trust
—
Loan Modification
related
—
—
—
Pineapple Willys INC
—
Loan Modification
related
—
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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