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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
1506 Grace Ave Panama City, FL 32405-4617
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-4388473
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1984
Construction
STEEL FRAME
Total area
2,140 SF
Lot
0.24 ac (10,500 SF)
Zoning code
PC04
APN
14323-000-000
UPID
US18-4388473
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
M M & M Swinney Properties LLC · 4 yrs held
M M & M Swinney Properties LLC
since 2021
Last sale
$120,000
5 recorded transactions
Zoning & alternative use
PC04 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,692
Tax year 2023
Assessed value
$89,863
Assessed 2023
Previous assessed
$81,407
+10.4% YoY
Effective rate
1.88%
On assessed value
Assessed land
$52,500
Assessed improvement
$37,363
Land market value
$52,500
Improvement market value
$37,363
Total market value
$89,863
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
3
Total area
2,140 SF
Lot
0.24 ac (10,500 SF)
Zoning code
PC04
APN
14323-000-000
UPID
US18-4388473
Jurisdiction
BAY
Zoning & alternative use
PC04 · Panama City, FL
Zoning PC04 · permitted uses
PC04 · 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
1984
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
3
Lot
0.24 ac
Current owner
From public records · entity-resolved
M M & M Swinney Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4060 SILVER SPUR RD, PANAMA CITY, FL 32404-9317
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2021
—
M M & M Swinney Properties LLC
Advantage Refrigeration & Air INC
Quit Claim Deed
related
—
Mar 30, 2015
$120,000
Advantage Refrigeration & Air
Rhodes William
Warranty Deed
—
Oct 8, 2014
$110,000
William Rhodes
Crane,dean & Ryan
Grant Deed
—
Mar 7, 2012
$10,000
Dean Crane
Scott,bruce A
Warranty Deed
—
Apr 30, 1999
$226,100
Bruce A Scott
Big Bike Of Panama City INC
Grant Deed
$300,000 · First National Bank Nw Florida
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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