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Property profile & analytics
OFF-MARKET
Estimated value
$20,870,000
Hotels
15636 Frnt Bch Rd Panama City Beach, FL 32413-2529
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5399977
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2022
Construction
CONCRETE
Total area
250,821 SF
Lot
3.71 ac (161,665 SF)
Zoning code
PCB22
APN
33765-010-000
UPID
US18-5399977
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
$24.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.87M
Owner & transaction history
City Of Panama City Beach · 4 yrs held
City Of Panama City Beach
since 2022
6 recorded transactions
Zoning & alternative use
PCB22 · Panama City Beach, 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 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%
$26,210,000
6.5%
$24,195,000
7%
$22,465,000
Blend value · Realmo final
$20.87M
Range $18.78M – $22.96M · ±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
$83 / 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
$334,978
Tax year 2023
Assessed value
$31,682,658
Assessed 2023
Previous assessed
$31,682,658
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$10,504,461
Assessed improvement
$21,178,197
Land market value
$10,504,461
Improvement market value
$21,178,197
Total market value
$31,682,658
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2022
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
11
Rooms
22
Total area
250,821 SF
Lot
3.71 ac (161,665 SF)
Zoning code
PCB22
APN
33765-010-000
UPID
US18-5399977
Jurisdiction
BAY
Zoning & alternative use
PCB22 · Panama City Beach, FL
Zoning PCB22 · permitted uses
PCB22 · 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.
Building & site characteristics
From public records
Year built
2022
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
11
Buildings
2
Rooms
22
Lot
3.71 ac
Current owner
From public records · entity-resolved
City Of Panama City Beach
Entity
Mailing address
100 DUNBAR ST STE #402, SPARTANBURG, SC 29306-5189
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 23, 2022
$22,300
City Of Panama City Beach
Palmetto Hospitality Of Pcb LLC
Warranty Deed
—
Mar 18, 2020
—
Palmetto Hospitality Of Pcb LLC
—
Deed
related
$57,400,000 · Citizens Bk NA
Dec 31, 2019
$1,400,000
Palmetto Hospitality & Pcb LLC
Tommy A Conklin
Warranty Deed
—
May 15, 1997
$89,100
Tommy A Conklin
Conklin,clayton J
Grant Deed
related
—
—
—
Palmetto Hospitality Of Pcb LLC
—
Deed Of Trust
related
$57,400,000 · Citizens Bk NA
—
—
Tommy A Conklin
—
Deed Of Trust
related
$84,600 · Thomas G Conklin
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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