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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office Spaces
10200 Clarence St Panama City Beach, FL 32407-4158
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5407009
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
WOOD
Total area
3,071 SF
Lot
0.25 ac (10,788 SF)
Zoning code
PCB22
APN
34864-020-010
UPID
US18-5407009
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
$635k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$534k
Blend (final)
Blend
$635k
Owner & transaction history
Jinhua Li · 4 yrs held
Jinhua Li
since 2022
Last sale
$620,000
6 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
Method
Estimation
Statistic approach
$660,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$770,000
Current use
OFFICE BUILDING
$655,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $620k (Jun 20 2022)
Last sale anchor
$620k
Jun 20 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
$207 / 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
$5,083
Tax year 2023
Assessed value
$420,397
Assessed 2023
Previous assessed
$216,637
+94.1% YoY
Effective rate
1.21%
On assessed value
Assessed land
$134,850
Assessed improvement
$285,547
Land market value
$134,850
Improvement market value
$285,547
Total market value
$420,397
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Rooms
8
Total area
3,071 SF
Lot
0.25 ac (10,788 SF)
Zoning code
PCB22
APN
34864-020-010
UPID
US18-5407009
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
COMMERCIAL (GENERAL) Current
Est. value
$770,000
OFFICE BUILDING
Est. value
$655,000
COMMERCIAL (GENERAL) 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
Rooms
8
Lot
0.25 ac
Current owner
From public records · entity-resolved
Jinhua Li
Individual
Mailing address
50 SELLERS PL NW, FORT WALTON BEACH, FL 32548-4517
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
Jun 20, 2022
$620,000
Jinhua Li
Jerry F Sowell JR
Warranty Deed
$744,000 · Velocity Commercial Capital LLC
Dec 3, 2015
—
J Wallace Nall JR
Edgewater Commercial Construct
Quit Claim Deed
—
Jan 28, 2010
—
Edgewater Commercial Const INC
Edgewater General Contractors
Quit Claim Deed
$420,000 · Trustmark National Bank
Sep 5, 2007
—
Contractors Edgewater
Antigua Developers LLC
Warranty Deed
$500,000 · Trustmark National Bank
—
—
Contractors Edgewater
—
Deed Of Trust
related
$110,000 · Trustmark National Bank
—
—
Contractors Edgewater
—
Deed Of Trust
related
$500,000 · Trustmark National 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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