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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Office Spaces
11053 Hutchison Blvd Panama City Beach, FL 32407-3715
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4588578
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,724 SF
Lot
0.83 ac (36,000 SF)
Zoning code
PCB22
APN
34779-011-000
UPID
US18-4588578
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
$1.17M
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.17M
Owner & transaction history
Je Beach Investments LLC · 1 yrs held
Je Beach Investments LLC
since 2024
Last sale
$1.2M
7 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
$1,170,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,180,000
Current use
OFFICE BUILDING
$1,010,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10% · vs last sale $1.17M (Dec 17 2024)
Last sale anchor
$1.17M
Dec 17 2024
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
$248 / 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
$6,398
Tax year 2023
Assessed value
$539,816
Assessed 2023
Previous assessed
$525,311
+2.8% YoY
Effective rate
1.19%
On assessed value
Assessed land
$360,000
Assessed improvement
$179,816
Land market value
$360,000
Improvement market value
$179,816
Total market value
$539,816
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
20
Total area
4,724 SF
Lot
0.83 ac (36,000 SF)
Zoning code
PCB22
APN
34779-011-000
UPID
US18-4588578
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
$1.2M
OFFICE BUILDING
Est. value
$1.0M
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
20
Lot
0.83 ac
Current owner
From public records · entity-resolved
Je Beach Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
11053 HUTCHISON BLVD, PANAMA CITY BEACH, FL 32407-3715
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
$1,170,000
Je Beach Investments LLC
Diamond Title Agency INC
Warranty Deed
—
Mar 16, 2017
—
Diamond Title Agency INC
—
Deed
related
$480,000 · Summit Bk
Mar 13, 2017
—
Diamond Title Agnecy INC
—
Deed
related
$100,000 · Summit Bank NA
Feb 24, 2017
—
Diamond Title Agenecy INC
—
Deed
related
$181,729 · Summit Bank NA
Apr 8, 2010
—
Diamond Title Agency INC
—
Trustees Deed
related
$30,000 · Trustmark National Bank
Sep 19, 2000
$380,000
Diamond Title Agency INC
Strange Trust
Grant Deed
$400,000 · The Bank
Mar 24, 2000
$30,000
Strange Trust
Daniell,john L
Quit Claim Deed
related
$249,000 · Regions Bank
Dec 3, 1996
—
Strange Trust
Strange,carl & B J
Quit Claim Deed
related
—
—
—
Diamond Title Agency INC
—
Deed Of Trust
related
—
—
—
Diamond Title Agency INC
—
Deed Of Trust
related
—
—
—
Diamond Title Agency INC
—
Loan Modification
related
—
—
—
Diamond Title Agency INC
—
Deed Of Trust
related
$237,500 · Trustmark National Bank
—
—
Diamond Title Agency INC
—
Loan Modification
related
$480,000 · Summit Bk
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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