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Property profile & analytics
OFF-MARKET
Estimated value
$3,150,000
Office Spaces
130 Richard Jackson Blvd Panama City Beach, FL 32407-2512
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5635798
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2020
Construction
STEEL FRAME
Total area
17,550 SF
Lot
2.83 ac (123,318 SF)
Zoning code
PCB24
APN
34034-005-038
UPID
US18-5635798
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
$2.74M
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$3.15M
Owner & transaction history
Nwfl Land Holdings LLC · 3 yrs held
Nwfl Land Holdings LLC
since 2023
4 recorded transactions
Zoning & alternative use
PCB24 · 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%
$2,960,000
6.5%
$2,735,000
7%
$2,540,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,390,000
Current use
RESTAURANT
$4,250,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$3,745,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.15M
Range $2.84M – $3.47M · ±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
$179 / 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
$29,820
Tax year 2023
Assessed value
$2,724,642
Assessed 2023
Previous assessed
$1,959,414
+39.1% YoY
Effective rate
1.09%
On assessed value
Assessed land
$283,100
Assessed improvement
$2,441,542
Land market value
$283,100
Improvement market value
$2,441,542
Total market value
$2,724,642
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
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Rooms
20
Total area
17,550 SF
Lot
2.83 ac (123,318 SF)
Zoning code
PCB24
APN
34034-005-038
UPID
US18-5635798
Jurisdiction
BAY
Zoning & alternative use
PCB24 · Panama City Beach, FL
Zoning PCB24 · permitted uses
PCB24 · 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
$4.4M
RESTAURANT
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Rooms
20
Lot
2.83 ac
Current owner
From public records · entity-resolved
Nwfl Land Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
400 S ARNOLD RD, PANAMA CITY BEACH, FL 32413-2110
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
—
Nwfl Land Holdings LLC
Breakfast Point LLC
Deed
—
Dec 8, 2020
—
Breakfast Point Community Assn
Breakfast Point LLC
Quit Claim Deed
related
—
Dec 7, 2020
$100
Breakfast Point Cmmnty Assn In
Breakfast Point LLC
Quit Claim Deed
related
—
Jul 30, 2020
$100
Breakfast Point LLC
St Joe Co
Grant Deed
related
—
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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