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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Medical Office Space
12234 Panama City Bch Pkwy Panama City Beach, FL 32407-2725
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6094209
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
18,200 SF
Lot
1.5 ac (65,340 SF)
Zoning code
BC05
APN
33998-005-000
UPID
US18-6094209
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
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.39M
Owner & transaction history
Healthpoint Realty LLC · 4 yrs held
Healthpoint Realty LLC
since 2021
Last sale
$1.4M
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
$1,255,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,160,000
Current use
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10% · vs last sale $1.43M (Aug 5 2021)
Last sale anchor
$1.43M
Aug 5 2021
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
$76 / 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
$16,673
Tax year 2023
Assessed value
$1,317,569
Assessed 2023
Previous assessed
$1,357,222
-2.9% YoY
Effective rate
1.27%
On assessed value
Assessed land
$532,192
Assessed improvement
$785,377
Land market value
$532,192
Improvement market value
$785,377
Total market value
$1,317,569
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Rooms
14
Total area
18,200 SF
Lot
1.5 ac (65,340 SF)
Zoning code
BC05
APN
33998-005-000
UPID
US18-6094209
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
MEDICAL BUILDING Current
Est. value
$2.2M
MEDICAL BUILDING 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
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Rooms
14
Lot
1.5 ac
Current owner
From public records · entity-resolved
Healthpoint Realty LLC
Entity
Mailing address
12234 PANAMA CITY BCH PKWY, PANAMA CITY BEACH, FL 32407-2725
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
—
Healthpoint Realty LLC
—
Deed
related
$250,000 · Troy Bank & Trust Co
Sep 27, 2024
—
Healthpo1nt Realty LLC
—
Deed
related
$250,000 · Troy Bank & Trust Co
Aug 5, 2021
$1,425,000
Healthpoint Realty LLC
Summit Enterprises Partners INC
Warranty Deed
$1,425,000 · Troy Bank & Trust Co
Jun 17, 2019
—
Cox Rei LLC
—
Deed
related
$1,000,000 · Summit Bk
Jul 18, 2017
—
Summit Ents Partners INC
—
Deed
related
$1,500,000 · Summit Bk
Apr 12, 2006
—
Summit Ents Partners INC
—
Trustees Deed
related
$1,200,000 · Trustmark National Bank
—
—
Cox Rei LLC
—
Loan Modification
related
$1,000,000 · Summit Bk
—
—
Summit Ents Partners INC
—
Deed Of Trust
related
$300,000 · Trustmark National Bank
—
—
Summit Ents Partners INC
—
Deed Of Trust
related
$1,500,000 · Summit Bk
—
—
Summit Ents Partners INC
—
Deed Of Trust
related
$122,686 · Trustmark 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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