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Property profile & analytics
OFF-MARKET
Super regional malls
1629 Coastal Hwy Panacea, FL 32346-2163
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-8475887
Property summary
AI-generated overview
This exceptional commercial property presents a unique investment opportunity in the heart of Panacea, Florida. Situated on a desirable 0.95-acre lot with 250 feet of highway frontage, this 6,000 square foot building boasts stunning Dickerson Bay views. The property features ample parking, catering to a high volume of customers. Recent renovations include a new metal roof, plumbing, electrical system, Hardie siding, sump pump, fixtures, and fresh paint throughout. The building is equipped with commercial-grade stainless steel equipment, which will convey with the sale. This versatile space is ideally suited for a variety of businesses, including restaurants, oyster bars, event venues, or bars. Its prime location and extensive upgrades make it a truly exceptional offering. Interior photos will be available shortly. The property's extensive highway frontage and ample parking ensure high visibility and accessibility. Don't miss this chance to own a thriving commercial space in a sought-after coastal location. Endless possibilities await!
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,080 SF
Lot
0.34 ac (14,810 SF)
APN
24-5S-02W-000-02970-000
UPID
US18-8475887
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
Ronald Fred Crum · 1 yrs held
Ronald Fred Crum
since 2024
Last sale
$150,000
4 recorded transactions
Zoning & alternative use
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 Panacea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Panacea 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
$2,354
Tax year 2023
Assessed value
$85,323
Assessed 2023
Previous assessed
$85,323
+0.0% YoY
Effective rate
2.76%
On assessed value
Assessed land
$41,250
Assessed improvement
$44,073
Land market value
$41,250
Improvement market value
$44,073
Total market value
$85,323
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
WINDOW A/C
Rooms
5
Bathrooms
2
Total area
6,080 SF
Lot
0.34 ac (14,810 SF)
APN
24-5S-02W-000-02970-000
UPID
US18-8475887
Jurisdiction
WAKULLA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Rooms
5
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Ronald Fred Crum
Individual
Free & Clear · 1 yrs held
Mailing address
162 TOWER RD, PANACEA, FL 32346-2213
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Ronald Fred Crum
Windsong Village III LLC
Quit Claim Deed
related
—
Aug 28, 2024
$150,000
Ak Construction & Investments INC
Ronald Fred Crum
Warranty Deed
—
Sep 19, 2022
$106,400
Ronald Fred Crum
Christopher J Pomes
Warranty Deed
—
Apr 9, 2012
$100,000
Christopher J Pomes
Thomas,hixon D & Basby S
Warranty Deed
—
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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