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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Warehouses
1529 Transmitter Rd Panama City, FL 32404-3148
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0376460
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Construction
STEEL FRAME
Total area
7,700 SF
Lot
1 ac (43,691 SF)
APN
14826-000-000
UPID
US19-0376460
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
$927k
Blend (final)
Blend
$710k
Owner & transaction history
Jp Rv Storage INC · 10 yrs held
Jp Rv Storage INC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+84.4%
Commercial (general)
$1.1M
+82.9%
Medical building
$915,000
+52.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$600,000
Current use
RETAIL STORES
$1,105,000
Change: +84% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,100,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$915,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$605,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$92 / 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
$12,603
Tax year 2023
Assessed value
$775,927
Assessed 2023
Previous assessed
$122,085
+535.6% YoY
Effective rate
1.62%
On assessed value
Assessed land
$80,240
Assessed improvement
$695,687
Land market value
$80,240
Improvement market value
$695,687
Total market value
$775,927
Applied tax rate
20.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Heating
RADIANT
Cooling
CENTRAL
Buildings
2
Stories
1
Units
50
Rooms
3
Bathrooms
2
Total area
7,700 SF
Lot
1 ac (43,691 SF)
APN
14826-000-000
UPID
US19-0376460
Jurisdiction
BAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$600,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$915,000
INDUSTRIAL (GENERAL)
Est. value
$605,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2022
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
2
Units
50
Rooms
3
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Jp Rv Storage INC
Entity
Mailing address
2304 COCOA AVE, PANAMA CITY, FL 32405-7309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
—
Jp Rv Storage INC
—
Deed
related
$70,000 · Innovations FCU
Jan 6, 2016
$99,000
Jp Rv Storage INC
Fenimore LLC
Warranty Deed
$66,957 · Fenimore LLC
Mar 28, 2011
$1,100
Mid South Bk
Moulder & Sons Mobile Coc
Trustees Deed
related
—
Sep 21, 2010
$650,100
Racetrac Petroleum INC
Fenimore LLC
Warranty Deed
—
Feb 9, 2006
$710,500
Fenimore LLC
Springfield Townhomes LLC
Warranty Deed
$595,000 · Regions Bank
Sep 2, 2004
$535,000
Springfield Townhomes LLC
Scrutchin,mitchell L & Lois W
Warranty Deed
$454,000 · First National Bank Crestview
May 4, 1999
$13,900
Mitchell L Scrutchin
Shearman,trudell P
Grant Deed
—
—
—
Fenimore LLC
—
Deed Of Trust
related
$532,966 · Regions Bank
—
—
Fenimore LLC
—
Deed Of Trust
related
$75,000 · Regions Bank
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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