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Property profile & analytics
OFF-MARKET
Estimated value
$86,705,000
Motels
12513 Frnt Bch Rd Panama City Beach, FL 32407-3306
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0591299
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2019
Construction
CONCRETE
Total area
253,262 SF
Lot
2.35 ac (102,497 SF)
Zoning code
PCB21
APN
34091-000-000
UPID
US18-0591299
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
$100.48M
Blend (final)
Blend
$86.71M
Owner & transaction history
Palmetto Hospitality Of Pcb II LLC · 4 yrs held
Palmetto Hospitality Of Pcb II LLC
since 2021
Last sale
$85.5M
7 recorded transactions
Zoning & alternative use
PCB21 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$121.6M
+56.7%
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
$75,345,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$77,585,000
Current use
AUTO REPAIR, GARAGE
$121,560,000
Change: +57% · Conversion: Difficult
COMMERCIAL (GENERAL)
$63,360,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$86.71M
Range $78.03M – $95.38M · ±10% · vs last sale $85.50M (Nov 29 2021)
Last sale anchor
$85.50M
Nov 29 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
$342 / 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
$544,716
Tax year 2023
Assessed value
$47,500,016
Assessed 2023
Previous assessed
$44,582,487
+6.5% YoY
Effective rate
1.15%
On assessed value
Assessed land
$11,281,875
Assessed improvement
$36,218,141
Land market value
$11,281,875
Improvement market value
$36,218,141
Total market value
$47,500,016
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
2019
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
14
Units
200
Rooms
20
Total area
253,262 SF
Lot
2.35 ac (102,497 SF)
Zoning code
PCB21
APN
34091-000-000
UPID
US18-0591299
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
$77.6M
AUTO REPAIR, GARAGE
Est. value
$121.6M
COMMERCIAL (GENERAL)
Est. value
$63.4M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
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
2019
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
14
Units
200
Rooms
20
Lot
2.35 ac
Current owner
From public records · entity-resolved
Palmetto Hospitality Of Pcb II LLC
Entity
Mailing address
100 DUNBAR ST STE #402, SPARTANBURG, SC 29306-5189
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2021
$85,500,000
Palmetto Hospitality Of Pcb II LLC
Sspcb Hospitality LLC
Special Warranty Deed
$64,500,000 · Wells Fargo Bank NA
Sep 21, 2017
—
Sspcb Hospitality LLC
—
Deed
related
$45,501,063 · Centennial Bank
Feb 21, 2017
—
Sspcb Hospitality LLC
—
Deed
related
—
Feb 10, 2016
$6,450,000
Sspcb Hospitality LLC
Green Implementation Group LLC
Special Warranty Deed
$4,837,500 · Trustmark National Bank
Jan 26, 2016
—
Green Implementation Group LLC
Read-panama LLC
Quit Claim Deed
related
—
Jun 7, 2013
$3,450,000
Read-panama LLC
Sa Challenger INC
Grant Deed
—
Dec 1, 2010
—
Sa Challenger INC
Tra Tradewinds LP Coc
Trustees Deed
related
—
Jun 1, 2009
$100
Tra Tradewinds
Tradewinds Of Bay Cnty Coc
Trustees Deed
related
—
Nov 27, 2002
$10,500,000
Tradewinds Of Bay County Dev
Trade Winds Of Bay County INC
Grant Deed
related
$10,300,000 · Amsouth Bank
Apr 1, 1998
$4,500,000
Trade Winds Bay County INC
Trade Winds Panama City INC
Grant Deed
related
$4,500,000 · Amsouth Bank
—
—
Sspcb Hospitality LLC
—
Loan Modification
related
—
—
—
Tra Tradewinds
—
Deed Of Trust
related
$5,780,000 · Park 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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