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Property profile & analytics
OFF-MARKET
Estimated value
$10,085,000
Motels
11831 Frnt Bch Rd Panama City Beach, FL 32407-3601
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-3176028
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2001
Construction
STEEL FRAME
Total area
49,650 SF
Lot
1.15 ac (50,181 SF)
Zoning code
PCB21
APN
34791-000-000
UPID
US18-3176028
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
$9.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.09M
Owner & transaction history
Sea LLC · 6 yrs held
Sea LLC
since 2020
Last sale
$10.9M
4 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
$9,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$15,210,000
Current use
COMMERCIAL (GENERAL)
$12,420,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$10.09M
Range $9.08M – $11.09M · ±10% · vs last sale $10.90M (Jul 28 2020)
Last sale anchor
$10.90M
Jul 28 2020
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
$203 / 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
$98,803
Tax year 2023
Assessed value
$8,939,437
Assessed 2023
Previous assessed
$7,552,706
+18.4% YoY
Effective rate
1.11%
On assessed value
Assessed land
$5,139,750
Assessed improvement
$3,799,687
Land market value
$5,139,750
Improvement market value
$3,799,687
Total market value
$8,939,437
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
7
Units
60
Rooms
75
Total area
49,650 SF
Lot
1.15 ac (50,181 SF)
Zoning code
PCB21
APN
34791-000-000
UPID
US18-3176028
Jurisdiction
BAY
Zoning & alternative use
PCB21 · Panama City Beach, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$15.2M
COMMERCIAL (GENERAL)
Est. value
$12.4M
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
7
Units
60
Rooms
75
Lot
1.15 ac
Current owner
From public records · entity-resolved
Sea LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 18829, PANAMA CITY BEACH, FL 32417-8829
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2020
$10,900,000
Sea LLC
William R Grantham
Warranty Deed
—
Jul 28, 2020
—
Beach Tower By The Sea LLC
—
Deed Of Trust
related
$763,000 · Grantham Family Partnership
Feb 5, 2018
—
William R Grantham
Grantham,ronnie
Quit Claim Deed
related
$2,000,000 · Smartbank
Apr 29, 2008
$3,800,000
William R Grantham
Grantham Pershing T
Warranty Deed
related
$2,000,000 · Citizens 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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