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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Car washes
1420 Frankford Ave Panama City, FL 32401
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-2713401
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1986
Construction
WOOD
Total area
2,232 SF
Lot
0.48 ac (20,864 SF)
Zoning code
PC09
APN
18760-000-000
UPID
US18-2713401
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
-
Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$868k
Blend (final)
Blend
$995k
Owner & transaction history
Vihar 2026 LLC · 1 yrs held
Vihar 2026 LLC
since 2025
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
PC09 · 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
$1,000,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.01M (Aug 4 2020)
Last sale anchor
$1.01M
Aug 4 2020
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
$446 / 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
$1,497
Tax year 2023
Assessed value
$116,945
Assessed 2023
Previous assessed
$96,081
+21.7% YoY
Effective rate
1.28%
On assessed value
Assessed land
$104,320
Assessed improvement
$12,625
Land market value
$104,320
Improvement market value
$12,625
Total market value
$116,945
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Rooms
6
Total area
2,232 SF
Lot
0.48 ac (20,864 SF)
Zoning code
PC09
APN
18760-000-000
UPID
US18-2713401
Jurisdiction
BAY
Zoning & alternative use
PC09 · Panama City, FL
Zoning PC09 · permitted uses
PC09 · 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.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Rooms
6
Lot
0.48 ac
Current owner
From public records · entity-resolved
Vihar 2026 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6521 N LAGOON DR, PANAMA CITY BEACH, FL 32408-3730
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
$1,800,000
Vihar 2026 LLC
Shams Properties LLC
Warranty Deed
—
May 1, 2025
—
Shams Properties LLC
Mohammad R Shams
Deed
related
—
Aug 4, 2020
$1,005,000
Whittaker Co LLC
George P Kamzik
Warranty Deed
—
Jan 29, 2013
$55,000
George P Kamzik
Bll Holdings LLC
Grant Deed
—
Jan 29, 2013
—
Bll Holdings II LLC
Clean Arena INC Coc
Trustees Deed
related
—
Jun 5, 2003
$93,000
Clean Arena INC
Investment Co Of The South INC
Grant Deed
—
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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