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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Strip malls
14602 Frnt Bch Rd Panama City Beach, FL 32413-3517
Individually Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3038290
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,183 SF
Lot
1.55 ac (67,518 SF)
Zoning code
PCB14
APN
33960-010-000
UPID
US18-3038290
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
$3.52M
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$3.62M
Owner & transaction history
Leon L Hood · 29 yrs held
Leon L Hood
since 1997
7 recorded transactions
Zoning & alternative use
PCB14 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+41.9%
Office building
$3.4M
+29.4%
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%
$3,815,000
6.5%
$3,520,000
7%
$3,270,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,660,000
Current use
COMMERCIAL (GENERAL)
$3,770,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$3,440,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±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
$199 / 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
$17,032
Tax year 2023
Assessed value
$1,556,563
Assessed 2023
Previous assessed
$1,585,769
-1.8% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,342,890
Assessed improvement
$213,673
Land market value
$1,342,890
Improvement market value
$213,673
Total market value
$1,556,563
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
18
Total area
18,183 SF
Lot
1.55 ac (67,518 SF)
Zoning code
PCB14
APN
33960-010-000
UPID
US18-3038290
Jurisdiction
BAY
Zoning & alternative use
PCB14 · Panama City Beach, FL
Zoning PCB14 · permitted uses
PCB14 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
18
Lot
1.55 ac
Current owner
From public records · entity-resolved
Leon L Hood
Individual
Mailing address
105 W 23RD ST, PANAMA CITY, FL 32405-4504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
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
Sep 12, 2018
—
Sakhsams Investments
—
Deed
related
$882,000 · Capital Cty Bk
Dec 7, 2017
—
Sakhsarna Investments A Florida Gen
—
Deed
related
$200,000 · Summit Bank NA
Oct 27, 2016
—
Sakhsams Investments
—
Deed
related
$100,000 · Summit Bk
Jul 2, 1997
$170,000
Leon L Hood
Sakhsams Investments
Grant Deed
—
—
—
Sakhsams Investments
—
Deed Of Trust
related
$1,000,000 · Regions Bank
—
—
Sakhsams Investments
—
Deed Of Trust
related
$293,677 · Hancock Bank
—
—
Sakhsams Investments
—
Deed Of Trust
related
$100,000 · Summit Bk
—
—
Sakhsams Investments
—
Deed Of Trust
related
$882,000 · Capital Cty Bk
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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