New search
Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Office Spaces
12202 Hutchison Blvd Panama City Beach, FL 32407-3430
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-9147611
Property summary
AI-generated overview
This exceptional 7,500-square-foot industrial property, located at 12202 Hutchison Blvd in Panama City Beach, Florida, presents a unique opportunity for businesses seeking a versatile and strategically located space. The single-tenant building, constructed in 1992 and classified as Class B, sits on a substantial 135,203-square-foot lot. The property features a flexible open-bay warehouse design, perfectly suited for a variety of industrial and commercial uses. Access is facilitated by six grade-level, 12-foot overhead roll-up doors, ensuring efficient loading and unloading. The interior boasts modern upgrades, including bright LED lighting for energy efficiency, and a 600-square-foot office area provides ample space for administrative needs. Three ADA-compliant restrooms are also included. Zoned PCB02, this Panama City Beach location offers easy access to major roadways and the surrounding community. The estimated annual common area maintenance (CAM) and operating expenses are $2.78 per square foot. This property is ready for immediate occupancy. The property's central location within Bay County, Florida, and its zip code is 32407.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1992
Construction
WOOD
Total area
4,044 SF
Lot
2.94 ac (128,241 SF)
Zoning code
PCB02
APN
34034-070-000
UPID
US18-9147611
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
by Request
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$944k
Blend (final)
Blend
$935k
Owner & transaction history
Riviera Commerce Park-pcb LLC · 6 yrs held
Riviera Commerce Park-pcb LLC
since 2019
6 recorded transactions
Zoning & alternative use
PCB02 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,010,000
Current use
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$231 / 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
$17,507
Tax year 2023
Assessed value
$1,417,215
Assessed 2023
Previous assessed
$1,393,323
+1.7% YoY
Effective rate
1.24%
On assessed value
Assessed land
$476,928
Assessed improvement
$940,287
Land market value
$476,928
Improvement market value
$940,287
Total market value
$1,417,215
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
1992
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
8
Total area
4,044 SF
Lot
2.94 ac (128,241 SF)
Zoning code
PCB02
APN
34034-070-000
UPID
US18-9147611
Jurisdiction
BAY
Zoning & alternative use
PCB02 · Panama City Beach, FL
Zoning PCB02 · permitted uses
PCB02 · 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
$1.0M
COMMERCIAL (GENERAL) Current
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
1992
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
8
Lot
2.94 ac
Current owner
From public records · entity-resolved
Riviera Commerce Park-pcb LLC
Entity
Free & Clear · 6 yrs held
Mailing address
755 GRAND BLVD, MIRAMAR BEACH, FL 32550-1838
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2019
$2,750,000
Riviera Commerce Park-pcb LLC
Place Pcb LLC
Warranty Deed
—
Mar 14, 2012
$1,300,000
The Place Pcb LLC
Beach Business Park LLC
Warranty Deed
$1,300,000 · Beach Business Park LLC
Mar 14, 2012
$650,000
Place Pcb LLC
Beach Business Park LLC
Warranty Deed
$1,191,000 · West Town Savings Bank
May 12, 2008
$366,400
Beach Business Park LLC
Reid,linda S
Warranty Deed
$378,000 · Coastal Community Bank
Mar 4, 1997
$500,000
Philliph B Reid
Diversified Credit INC
Grant Deed
$571,500 · Amsouth Bank Florida
—
—
Linda S Reid
—
Deed Of Trust
related
$150,000 · Coastal Community 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12202 Hutchison Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
