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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Medical Office Space
1007 Jenks Ave Panama City, FL 32401-2474
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1749347
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
WOOD
Total area
2,660 SF
Lot
0.4 ac (17,496 SF)
Zoning code
PC06
APN
18113-010-000
UPID
US18-1749347
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
-
Panama City Gynecology , Noreen Burke ARNP/Gregory K Morrow MD Physician Medical Clinic
-
Gregory Morrow, MD / Noreen Burke APRN Panama City Gynecology Physician Medical Clinic
-
Gregory K Pc Gynecology Llc Physician Medical Clinic
-
Panama City Gynecology, Noreen Burke ARNP/Gregory Morrow MD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$430k
Blend (final)
Blend
$515k
Owner & transaction history
Taylor Properties Of Nwfl LLC · 1 yrs held
Taylor Properties Of Nwfl LLC
since 2025
Last sale
$560,000
5 recorded transactions
Zoning & alternative use
PC06 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$570,000
+79.9%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Panama City 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
$495,000
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$315,000
Current use
OFFICE BUILDING
$570,000
Change: +80% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $560k (Apr 11 2025)
Last sale anchor
$560k
Apr 11 2025
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
$194 / 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
$7,127
Tax year 2023
Assessed value
$406,861
Assessed 2023
Previous assessed
$413,577
-1.6% YoY
Effective rate
1.75%
On assessed value
Assessed land
$139,968
Assessed improvement
$266,893
Land market value
$139,968
Improvement market value
$266,893
Total market value
$406,861
Applied tax rate
16.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
12
Total area
2,660 SF
Lot
0.4 ac (17,496 SF)
Zoning code
PC06
APN
18113-010-000
UPID
US18-1749347
Jurisdiction
BAY
Zoning & alternative use
PC06 · Panama City, FL
Zoning PC06 · permitted uses
PC06 · Panama City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Panama City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$315,000
OFFICE BUILDING
Est. value
$570,000
MEDICAL BUILDING Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
12
Lot
0.4 ac
Current owner
From public records · entity-resolved
Taylor Properties Of Nwfl LLC
Entity
Mailing address
1007 JENKS AVE, PANAMA CITY, FL 32401-2474
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
$560,000
Taylor Properties Of Nwfl LLC
258 Medical Properties LLC
Warranty Deed
—
Dec 26, 2019
—
258 Medical Properties LLC
Jenks Investmentsgroup LLC
Warranty Deed
—
Jun 25, 2010
$380,000
Jenks Investment Group LLC
Hamm Law Office Pa
Warranty Deed
$323,000 · Summit Bank
—
—
Ledman Pa
—
Deed Of Trust
related
$40,764 · Regions Bank
—
—
Ledman Pa
—
Deed Of Trust
related
$204,000 · Regions 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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