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Property profile & analytics
FOR LEASE
Warehouses
102 N Gulf Blvd 104-B Panama City Beach, FL 32413
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5032405
For Lease
1 / 3
$1,875/Mo
102 N Gulf Blvd,Unit 104-B, Panama City Beach, FL 32413
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
STEEL FRAME
Total area
12,000 SF
Lot
3.04 ac (132,205 SF)
Zoning code
PCB03
APN
33803-005-010
UPID
US18-5032405
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
$3.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.09M
Owner & transaction history
Move It Fund II Gulf Boulevard LLC · 3 yrs held
Move It Fund II Gulf Boulevard LLC
since 2022
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
PCB03 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+220.3%
Restaurant
$2.9M
+210.6%
Office building
$2.6M
+173.8%
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
$3,185,000
ML approach
$3,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,995,000
Change: +220% · Conversion: Difficult
RESTAURANT
$2,905,000
Change: +211% · Conversion: Difficult
OFFICE BUILDING
$2,560,000
Change: +174% · Conversion: Difficult
Blend value · Realmo final
$3.09M
Range $2.78M – $3.39M · ±10% · vs last sale $3.00M (Dec 5 2022)
Last sale anchor
$3.00M
Dec 5 2022
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
$257 / 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
$30,051
Tax year 2023
Assessed value
$2,570,646
Assessed 2023
Previous assessed
$2,570,646
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,215,745
Assessed improvement
$1,354,901
Land market value
$1,215,745
Improvement market value
$1,354,901
Total market value
$2,570,646
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Units
7
Rooms
8
Total area
12,000 SF
Lot
3.04 ac (132,205 SF)
Zoning code
PCB03
APN
33803-005-010
UPID
US18-5032405
Jurisdiction
BAY
Zoning & alternative use
PCB03 · Panama City Beach, FL
Zoning PCB03 · permitted uses
PCB03 · 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
COMMERCIAL (GENERAL)
Est. value
$3.0M
RESTAURANT
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
RESTAURANT
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
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Buildings
4
Units
7
Rooms
8
Lot
3.04 ac
Current owner
From public records · entity-resolved
Move It Fund II Gulf Boulevard LLC
Entity
Mailing address
12655 N CENTRAL EXPY STE #925, DALLAS, TX 75243-1747
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
$3,000,000
Move It Fund II Gulf Boulevard LLC
Gulf Drive Properties LLC
Special Warranty Deed
$10,000 · Progress Bank & Trust
Nov 4, 2013
$600,000
Gulf Drive Properties LLC
Thacker,larry B Coc
Trustees Deed
related
—
Mar 2, 2010
$302,700
Larry B Thacker
Bradley,james W
Quit Claim Deed
related
—
Aug 20, 2007
$660,000
James W Bradley
Thompson,leslie C
Warranty Deed
$600,000 · Trustmark National Bank
—
—
Leslie C Thompson
—
Deed Of Trust
related
$76,254 · Amsouth Bank
—
—
Larry B Thacker
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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