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Property profile & analytics
FOR LEASE
Super regional malls
15620 Panama City Beach Pkwy Panama City Beach, FL 32413
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-8225024
For Lease
1 / 6
$11,815,000
15620 Panama City Beach Pkwy, Panama City Beach, FL 32413
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,814 SF
Lot
46.27 ac (2,015,608 SF)
Zoning code
PCB22 PCB09
APN
32740-050-100
UPID
US18-8225024
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
$10.42M
Comparable Approach
Comparable
$13.21M
Blend (final)
Blend
$11.82M
Owner & transaction history
Panama City Beach Venture II
Panama City Beach Venture II
1 recorded transaction
Zoning & alternative use
PCB22 PCB09 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.2M
+41.9%
Office building
$10.2M
+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%
$11,285,000
6.5%
$10,415,000
7%
$9,675,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,865,000
Current use
COMMERCIAL (GENERAL)
$11,160,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$10,180,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$11.82M
Range $10.63M – $13.00M · ±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
$220 / 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
$391,272
Tax year 2023
Assessed value
$33,663,924
Assessed 2023
Previous assessed
$33,618,967
+0.1% YoY
Effective rate
1.16%
On assessed value
Assessed land
$8,682,763
Assessed improvement
$24,981,161
Land market value
$8,682,763
Improvement market value
$24,981,161
Total market value
$33,663,924
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
11
Rooms
9
Total area
53,814 SF
Lot
46.27 ac (2,015,608 SF)
Zoning code
PCB22 PCB09
APN
32740-050-100
UPID
US18-8225024
Jurisdiction
BAY
Zoning & alternative use
PCB22 PCB09 · Panama City Beach, FL
Zoning PCB22 PCB09 · permitted uses
PCB22 PCB09 · 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
$7.9M
COMMERCIAL (GENERAL)
Est. value
$11.2M
OFFICE BUILDING
Est. value
$10.2M
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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Buildings
11
Rooms
9
Lot
46.27 ac
Current owner
From public records · entity-resolved
Panama City Beach Venture II
Entity
Mailing address
5391 LAKEWOOD RNCH BLVD N STE #100, LAKEWOOD RANCH, FL 34240-8622
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Panama City Beach Venture II
—
Loan Modification
related
$40,465,000 · Keybank USA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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