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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Grocery and convenience stores
16930 Panama City Bch Pkwy Panama City Beach, FL 32413-2249
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-2798458
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1988
Construction
STEEL FRAME
Total area
7,232 SF
Lot
1.49 ac (64,992 SF)
Zoning code
PCB03
APN
33315-000-000
UPID
US18-2798458
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
$1.40M
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$1.08M
Owner & transaction history
Panama City Beach Parkway 16930 Cen · 15 yrs held
Panama City Beach Parkway 16930 Cen
since 2011
5 recorded transactions
Zoning & alternative use
PCB03 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+41.9%
Office building
$1.4M
+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%
$1,515,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,055,000
Current use
COMMERCIAL (GENERAL)
$1,500,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$1,370,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$149 / 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
$11,859
Tax year 2023
Assessed value
$1,021,447
Assessed 2023
Previous assessed
$1,036,569
-1.5% YoY
Effective rate
1.16%
On assessed value
Assessed land
$853,797
Assessed improvement
$167,650
Land market value
$853,797
Improvement market value
$167,650
Total market value
$1,021,447
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Rooms
2
Total area
7,232 SF
Lot
1.49 ac (64,992 SF)
Zoning code
PCB03
APN
33315-000-000
UPID
US18-2798458
Jurisdiction
BAY
Zoning & alternative use
PCB03 · Panama City Beach, FL
Zoning PCB03 · permitted uses
PCB03 · 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
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
1.49 ac
Current owner
From public records · entity-resolved
Panama City Beach Parkway 16930 Cen
Entity
Mailing address
PO BOX 1565, LAWRENCEVILLE, GA 30046-1565
Ownership since
2011
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
May 26, 2011
$2,828,900
Panama City Beach Parkway 16930 Cen
16930 Panama City Beach Parkway LLC
Special Warranty Deed
$2,285,709 · Standard Insurance Co
Jun 30, 2010
$3,068,600
16930 Panama City Beach
Fill-ups Food Stores INC
Deed In Lieu Of Foreclosure
related
—
Jan 14, 2005
—
Phillips Oil INC
Herndon Oil Corp
Warranty Deed
—
—
—
Fill-ups Food Stores INC
—
Deed Of Trust
related
$2,359,000 · Stancorp Mortgage Investors
—
—
Fill-ups Food Stores INC
—
Deed Of Trust
related
$2,359,000 · Standard Insurance Co
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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