Entity Owned Property summary
AI-generated overview
This exceptional Panama City commercial property offers 3,850 square feet of versatile space, ideal for a variety of businesses. The property features a 1,600 square foot office area with a lobby, reception, three offices, breakroom, and restrooms. An equally sized 1,600 square foot heated and cooled warehouse is currently configured as a bullpen and three storage areas, easily adaptable to additional office space. An additional 650 square feet of upper-level storage provides ample room for inventory or archives. The warehouse is framed for a 16-foot roll-up door. The property also includes approximately a quarter-acre fenced lot, perfect for material storage or a laydown yard. This prime location in Panama City offers easy access to all parts of Bay County, with convenient proximity to Tyndall AFB (25 minutes), Lynn Haven (15 minutes), and Panama City Beach (15 minutes). Tenant improvement allowances are available with acceptable lease terms. The property is also available for sale. All information is believed to be accurate, but verification is recommended. This is a fantastic opportunity to secure a valuable location in a thriving market. The building is a two-story structure with a single tenancy. The property's APN is 13822-010-010.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1998
Construction
WOOD
Total area
1,936 SF
Lot
0.52 ac (22,695 SF)
Zoning code
PC11
APN
13822-010-010
UPID
US18-8020564
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Garden Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$480k
Owner & transaction history
since 2025
Last sale
$540,000
7 recorded transactions
Zoning & alternative use
PC11 · Panama City, FL
Top alternative use upside
Office building
$415,000
+46.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$480k
Value range
$432k – $528k
±10% around blend
Estimated value / SF
$248 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$432k
blend $480k
$528k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,936 SF
Lot area
0.52 ac
Year built
1998
Stories
1
APN
13822-010-010
Zoning
PC11
Assessed value
$183,014
Annual tax
$3,344
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$389k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.4 mi away · 1,464 SF
1.8 mi away · 1,627 SF
3.8 mi away · 2,419 SF
4.4 mi away · 1,554 SF
4.7 mi away · 2,200 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$480k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 81 sales
$146
+70%
Submarket 387 sales
$149
+66%
County 424 sales
$149
+67%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $248/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+46%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
4.10%
Implied, in-place cap rate for this office spaces
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.10%
9.0%
NOI (est.)
$38k *
Last sale · Apr 2025
$540k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$922k
Move the market yield to see immediate price impact.
Value / SF
$476
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.60%4.10%4.60%
$34k
$945k
$830k
$740k
$38k
$1.05M
$922k
$822k
$42k
$1.15M
$1.01M
$904k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$337k
1.1 mi · Dec 2025 · $170/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,344
Tax year 2023
Assessed value
$183,014
Assessed 2023
Previous assessed
$186,490
-1.9% YoY
Effective rate
1.83%
On assessed value
Assessed land
$45,389
Assessed improvement
$137,625
Land market value
$45,389
Improvement market value
$137,625
Total market value
$183,014
Applied tax rate
16.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
6
Total area
1,936 SF
Lot
0.52 ac (22,695 SF)
Zoning code
PC11
APN
13822-010-010
UPID
US18-8020564
Jurisdiction
BAY
Zoning & alternative use
PC11 · Panama City, FLZoning PC11 · permitted uses
PC11 · Panama City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Lot
0.52 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PC11
Jurisdiction
Panama City, FL
Recorded code
PC11
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PC11 in Panama City, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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