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Property profile & analytics
FOR LEASE
Strip malls
10100 Hutchison Blvd Panama City Beach, FL 32407
Entity Owned
~
Est. High Equity
Property ID
US19-0389062
For Lease
1 / 6
$2,280,000
10100 Hutchison Blvd, Panama City Beach, FL 32407
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,296 SF
Lot
1.14 ac (49,510 SF)
Zoning code
PCB22
APN
34881-008-000
UPID
US19-0389062
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
$2.00M
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.28M
Owner & transaction history
Wgr Pcb Limited Liability Company L
Wgr Pcb Limited Liability Company L
since 2025
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
PCB22 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+3.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,160,000
6.5%
$1,995,000
7%
$1,850,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,880,000
Current use
OFFICE BUILDING
$1,945,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,520,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.28M
Range $2.05M – $2.51M · ±10% · vs last sale $2.25M (Dec 23 2025)
Last sale anchor
$2.25M
Dec 23 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
$221 / 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
$13,921
Tax year 2023
Assessed value
$1,159,831
Assessed 2023
Previous assessed
$1,122,654
+3.3% YoY
Effective rate
1.20%
On assessed value
Assessed land
$618,875
Assessed improvement
$540,956
Land market value
$618,875
Improvement market value
$540,956
Total market value
$1,159,831
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
6
Rooms
12
Total area
10,296 SF
Lot
1.14 ac (49,510 SF)
Zoning code
PCB22
APN
34881-008-000
UPID
US19-0389062
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
6
Rooms
12
Lot
1.14 ac
Current owner
From public records · entity-resolved
Wgr Pcb Limited Liability Company L
Entity
Mailing address
7430 RANCHO CABRILLO TRL, SAN DIEGO, CA 92127-3864
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$2,250,000
Wgr Pcb Limited Liability Company L
Shan Liang Teh
Special Warranty Deed
—
Sep 28, 2022
—
Shan Liang Teh
Teh S Liang
Intrafamily Transfer
related
—
Sep 21, 2022
—
Shan Liang Teh
Teh S Liang
Correction Deed
related
—
Aug 24, 2022
—
Shan Liang Teh
Teh S Liang
Intrafamily Transfer
related
—
Aug 17, 2015
$875,000
Teh S Liang
Sterling Breeze Holdings LLC
Grant Deed
—
Mar 26, 2014
$1,100
Sterling Breeze Holdings LLC
Beachside Market Place Coc
Trustees Deed
related
—
Jan 26, 2006
$665,000
Beachside Market Place LLC
Cornerstone Development Group INC
Warranty Deed
—
Oct 1, 2004
$659,900
Cornerstone Dev Group INC
Barragan,ismael
Warranty Deed
—
Feb 3, 2004
$318,000
Ismael Barragan
Imber,peter
Grant Deed
$256,000 · Donald F Nations
—
—
Peter C Imber
—
Deed Of Trust
related
$160,000 · Peoples First Community Bank
—
—
Beachside Market Place LLC
—
Deed Of Trust
related
$1,999,065 · Superior Bank Fsb
—
—
Cornerstone Dev Group INC
—
Deed Of Trust
related
$440,000 · Coastal 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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