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Property profile & analytics
OFF-MARKET
Turn key restaurants
101 Bonita Ave Panama City, FL 32401-3960
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-3693539
Property summary
AI-generated overview
This exceptional special-purpose property, located at 101 S Bonita Avenue in Panama City, Florida (zip code 32401), presents a unique investment opportunity. Boasting 1,938 square feet of space on a 5,227.2 square foot lot, this building was completely renovated after Hurricane Michael. Improvements include a new roof, new trusses, new windows, new doors, and new stucco. The renovation also significantly enhanced the interior, increasing ceiling height to 12 feet on one end and 16 feet on the other. For added structural integrity, the exterior walls were reinforced every four feet with poured concrete and rebar. Built in 1955, this property is ideally situated in the Cove area of Panama City, making it an excellent choice for a small business seeking a high-visibility location. All sizes and measurements are approximate
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,938 SF
Lot
0.11 ac (5,009 SF)
Zoning code
PC09
APN
20989-000-000
UPID
US18-3693539
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
-
Caffé del Mundo Cafe & Coffee Shop
-
A Superior Air Conditioning Company HVAC Service General Contractor
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
Jimy01 LLC · 6 yrs held
Jimy01 LLC
since 2020
3 recorded transactions
Zoning & alternative use
PC09 · Panama City, 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 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
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
$1,002
Tax year 2023
Assessed value
$49,454
Assessed 2023
Previous assessed
$43,035
+14.9% YoY
Effective rate
2.03%
On assessed value
Assessed land
$25,047
Assessed improvement
$24,407
Land market value
$25,047
Improvement market value
$24,407
Total market value
$49,454
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
2
Total area
1,938 SF
Lot
0.11 ac (5,009 SF)
Zoning code
PC09
APN
20989-000-000
UPID
US18-3693539
Jurisdiction
BAY
Zoning & alternative use
PC09 · Panama City, FL
Zoning PC09 · permitted uses
PC09 · 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.
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Jimy01 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 19527, PANAMA CITY BEACH, FL 32417-1527
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2020
—
Jimy01 LLC
James F Thorpe
Quit Claim Deed
related
—
Mar 21, 2019
—
James F Thorpe
F & T Investments INC
Warranty Deed
—
Jun 10, 1998
$50,000
F&t Investments INC
Prows,ralph S
Grant Deed
$50,000 · Seller
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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