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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Turn key restaurants
1236 Beck Ave Panama City, FL 32401-1459
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0333925
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2016
Construction
WOOD
Total area
9,728 SF
Lot
1.25 ac (54,410 SF)
Zoning code
PC10
APN
29988-000-000
UPID
US19-0333925
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
Current use
Occupant on record · Public records
-
Restaurante Ario Restaurant
-
Los Antojitos Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.80M
Owner & transaction history
Tab Properties LLC · 4 yrs held
Tab Properties LLC
since 2021
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
PC10 · Panama City, 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Panama City 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
$1,590,000
ML approach
$1,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,355,000
Current use
OFFICE BUILDING
$2,075,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±10% · vs last sale $2.20M (Dec 21 2021)
Last sale anchor
$2.20M
Dec 21 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
$185 / 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
$31,523
Tax year 2023
Assessed value
$1,864,911
Assessed 2023
Previous assessed
$1,826,978
+2.1% YoY
Effective rate
1.69%
On assessed value
Assessed land
$841,712
Assessed improvement
$1,023,199
Land market value
$841,712
Improvement market value
$1,023,199
Total market value
$1,864,911
Applied tax rate
16.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
9,728 SF
Lot
1.25 ac (54,410 SF)
Zoning code
PC10
APN
29988-000-000
UPID
US19-0333925
Jurisdiction
BAY
Zoning & alternative use
PC10 · Panama City, FL
Zoning PC10 · permitted uses
PC10 · Panama City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Panama City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.1M
RESTAURANT Current
OFFICE 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
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Lot
1.25 ac
Current owner
From public records · entity-resolved
Tab Properties LLC
Entity
Mailing address
3313 HARBOUR PL, PANAMA CITY, FL 32405-1638
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$2,200,000
Tab Properties LLC
M & M Restaurants Enterprises LLC
Warranty Deed
$2,760,000 · Smartbank
May 25, 2016
—
M & M Restaurant Ents LLC
—
Deed
related
$773,121 · Smartbank
Jun 26, 2014
$315,000
M & M Restaurant Ents LLC
Rubin-holloway,terry
Warranty Deed
—
Mar 13, 2003
$70,000
Terry H Savell
Saint Andrews Trading Co INC
Grant Deed
$70,000 · Peoples First Community Bank
Feb 22, 1999
$90,000
St Andrews Trading Co INC
Woodward,elaine T
Trustees Deed
—
Feb 22, 1999
—
St Andrews Trading Co INC
Woodward,elaine T
Trustees Deed
$72,000 · First American Bank Walton
—
—
M & M Restaurant Ents LLC
—
Deed Of Trust
related
$618,497 · Smartbank
—
—
M & M Restaurant Ents LLC
—
Deed Of Trust
related
$773,121 · Smartbank
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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