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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Motels
11001 Frnt Bch Rd Panama City Beach, FL 32407-3527
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-4235356
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,584 SF
Lot
1.2 ac (52,212 SF)
Zoning code
PCB21
APN
34807-000-000
UPID
US18-4235356
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
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Bikini Beach Resort LLC · 7 yrs held
Bikini Beach Resort LLC
since 2019
7 recorded transactions
Zoning & alternative use
PCB21 · 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
by Request
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$790,000
Current use
COMMERCIAL (GENERAL)
$645,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
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
$252 / 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
$101,188
Tax year 2023
Assessed value
$10,305,126
Assessed 2023
Previous assessed
$7,612,192
+35.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$9,322,952
Assessed improvement
$982,174
Land market value
$9,322,952
Improvement market value
$982,174
Total market value
$10,305,126
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Buildings
4
Stories
2
Units
85
Rooms
8
Total area
2,584 SF
Lot
1.2 ac (52,212 SF)
Zoning code
PCB21
APN
34807-000-000
UPID
US18-4235356
Jurisdiction
BAY
Zoning & alternative use
PCB21 · Panama City Beach, FL
Zoning PCB21 · permitted uses
PCB21 · 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
HOTEL/MOTEL Current
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$645,000
HOTEL/MOTEL Current
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
85
Rooms
8
Lot
1.2 ac
Current owner
From public records · entity-resolved
Bikini Beach Resort LLC
Entity
Mailing address
2424 RDG RD, ROCKWALL, TX 75087-5116
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2020
—
Bikini Beach Resort LLC
—
Deed
related
$12,000,000 · Bankplus
Feb 19, 2019
—
Bikini Beach Resort LLC
Bikini Beach Motel INC
Quit Claim Deed
$10,000,000 · Bsprt Cre Fin LLC
Oct 31, 2017
—
Front Beach Resort LLC
Bennett,richard N & Donald E
Quit Claim Deed
related
—
Mar 15, 2016
—
Front Beach Resort LLC
Bikini Beach Motel INC
Quit Claim Deed
related
$5,000,000 · Bikini Beach Motel INC
Mar 15, 2016
$7,300,000
Bay Harbor Investment Group
Bikini Beach Motel INC
Grant Deed
related
—
Feb 16, 2016
—
Bikini Beach Motel INC
Edgewater Beach Resort LLC
Quit Claim Deed
related
—
Oct 27, 2015
—
Bikini Beach Motel INC
Long Beach Resort INC
Quit Claim Deed
related
—
Jan 14, 2005
—
John L Gheesling III
Bikini Beach Motel INC
Warranty Deed
related
—
—
—
Bikini Beach Resort LLC
—
Deed Of Trust
related
$12,000,000 · Bankplus
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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