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Property profile & analytics
FOR SALE
Retail space
12216 Panama City Beach Pkwy Panama City Beach, FL 32407
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US19-0389841
For Sale
1 / 12
$2,855,000
12216 Panama City Beach Pkwy, Panama City Beach, FL 32407
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
STEEL FRAME
Total area
13,125 SF
Lot
1.54 ac (67,082 SF)
Zoning code
BC05
APN
33998-000-000
UPID
US19-0389841
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
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.19M
Owner & transaction history
Ready Mix USA LLC · 20 yrs held
Ready Mix USA LLC
since 2005
7 recorded transactions
Zoning & alternative use
BC05 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,885,000
Current use
MEDICAL BUILDING
$1,560,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$90 / 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
$14,422
Tax year 2023
Assessed value
$1,137,533
Assessed 2023
Previous assessed
$1,154,156
-1.4% YoY
Effective rate
1.27%
On assessed value
Assessed land
$546,384
Assessed improvement
$591,149
Land market value
$546,384
Improvement market value
$591,149
Total market value
$1,137,533
Applied tax rate
56.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
11
Total area
13,125 SF
Lot
1.54 ac (67,082 SF)
Zoning code
BC05
APN
33998-000-000
UPID
US19-0389841
Jurisdiction
BAY
Zoning & alternative use
BC05 · Panama City Beach, FL
Zoning BC05 · permitted uses
BC05 · 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
RETAIL STORES Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES Current
MEDICAL 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
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
11
Lot
1.54 ac
Current owner
From public records · entity-resolved
Ready Mix USA LLC
Entity
Mailing address
PO BOX 9088, PANAMA CITY, FL 32417-9088
Ownership since
2005
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
May 23, 2018
—
Outdoor Lifestyles INC
—
Deed
related
$1,100,000 · Summit Bk
May 17, 2017
—
Outdoor Lifestyles INC
—
Deed
related
$993,750 · Peoplesouth Bank
Aug 15, 2005
$394,100
Ready Mix USA LLC
Cemex INC
Grant Deed
—
Apr 17, 2003
$550,000
Ready Mid USA INC
Cox Building Corp
Grant Deed
—
May 29, 2001
$130,000
Summit Enterprises Partners
Cox Building Corp
Grant Deed
$350,000 · The Bank
Apr 13, 2001
$360,000
Glass Center INC
Cox Building Corp
Grant Deed
$350,000 · The Bank
Feb 13, 1997
—
Cox Building Corp
Richard L Cox & Associates INC
Quit Claim Deed
related
$125,021 · Peoples First Community Bank
—
—
Summit Ents Partners INC
—
Deed Of Trust
related
—
—
—
Summit Enterprises Partners
—
Deed Of Trust
related
$40,000 · The Bank
—
—
Outdoor Lifestyles INC
—
Loan Modification
related
$444,611 · Trustmark Nat'l Bk
—
—
Outdoor Lifestyles INC
—
Loan Modification
related
—
—
—
Outdoor Lifestyles INC
—
Loan Modification
related
—
—
—
Outdoor Lifestyles INC
—
Deed Of Trust
related
$1,100,000 · 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.
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?”
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