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Property profile & analytics
OFF-MARKET
Estimated value
$5,975,000
Car washes
11640 Panama City Bch Pkwy Panama City Beach, FL 32407-2504
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-7673289
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2021
Construction
TYPE NOT SPECIFIED
Total area
4,691 SF
Lot
0.66 ac (28,699 SF)
Zoning code
PCB21
APN
34034-005-011
UPID
US18-7673289
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
$5.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.98M
Owner & transaction history
Express Wash Leaseco LLC · 4 yrs held
Express Wash Leaseco LLC
since 2022
Last sale
$6.0M
6 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
$6,370,000
ML approach
$5,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.98M
Range $5.38M – $6.57M · ±10% · vs last sale $6.00M (Jan 6 2022)
Last sale anchor
$6.00M
Jan 6 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
$1,274 / 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
$8,331
Tax year 2023
Assessed value
$690,443
Assessed 2023
Previous assessed
$690,443
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$376,817
Assessed improvement
$313,626
Land market value
$376,817
Improvement market value
$313,626
Total market value
$690,443
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2021
Construction
TYPE NOT SPECIFIED
Heating
NONE
Rooms
4
Total area
4,691 SF
Lot
0.66 ac (28,699 SF)
Zoning code
PCB21
APN
34034-005-011
UPID
US18-7673289
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.
Building & site characteristics
From public records
Year built
2021
Construction
TYPE NOT SPECIFIED
Heating
NONE
Rooms
4
Lot
0.66 ac
Current owner
From public records · entity-resolved
Express Wash Leaseco LLC
Entity
Mailing address
5821 FAIRVIEW RD STE #400, CHARLOTTE, NC 28209-3649
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
Jan 6, 2022
—
Express Wash Leaseco LLC
Spirit Master Funding X LLC
Lease
—
Jan 6, 2022
$6,000,000
Spirit Master Funding X LLC
Blue Sky Express Carwash LLC
Special Warranty Deed
—
Nov 12, 2020
—
Blue Sky Express Carwash LLC
—
Deed Of Trust
related
$108,300 · Newtek Business Lndng LLC
Jul 16, 2020
—
Blue Sky Express Carwash LLC
Lamb Land Florida III LLC
Grant Deed
related
—
May 22, 2019
$500,000
Blue Sky Carwash LLC
Lamb Land Florida III LLC
Grant Deed
—
Jul 21, 2016
$87,500
Lamb Land Florida III LLC
St Joe Co
Grant Deed
—
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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