New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,895,000
Strip malls
17166 Frnt Bch Rd Panama City Beach, FL 32413-2365
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-2268950
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
70,088 SF
Lot
6.06 ac (264,017 SF)
Zoning code
PCB22
APN
32746-100-000
UPID
US18-2268950
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
$13.57M
Comparable Approach
Comparable
$10.23M
Blend (final)
Blend
$11.90M
Owner & transaction history
Y Center Investors LLC · 15 yrs held
Y Center Investors LLC
since 2010
3 recorded transactions
Zoning & alternative use
PCB22 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.5M
+41.9%
Office building
$13.3M
+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%
$14,695,000
6.5%
$13,565,000
7%
$12,600,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$10,245,000
Current use
COMMERCIAL (GENERAL)
$14,535,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$13,255,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$11.90M
Range $10.71M – $13.08M · ±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
$170 / 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
$43,539
Tax year 2023
Assessed value
$4,290,308
Assessed 2023
Previous assessed
$3,252,803
+31.9% YoY
Effective rate
1.01%
On assessed value
Assessed land
$3,451,739
Assessed improvement
$838,569
Land market value
$3,451,739
Improvement market value
$838,569
Total market value
$4,290,308
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Buildings
2
Stories
1
Rooms
30
Total area
70,088 SF
Lot
6.06 ac (264,017 SF)
Zoning code
PCB22
APN
32746-100-000
UPID
US18-2268950
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$14.5M
OFFICE BUILDING
Est. value
$13.3M
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
30
Lot
6.06 ac
Current owner
From public records · entity-resolved
Y Center Investors LLC
Entity
Mailing address
240 BROOKSTONE CTR PKWY, COLUMBUS, GA 31904-2974
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
—
The Y Center Investors LLC
—
Deed
related
$400,000 · Symetra Life Insurance Co
Feb 23, 2023
—
The Y Center Investors LLC
—
Deed
related
$25,660,000 · Truist Bank
Aug 19, 2010
$2,469,900
Y Center Investors LLC
Wye Partners Ltd
Grant Deed
$1,935,000 · Capital One
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?”
You own 17166 Frnt Bch Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
