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Property profile & analytics
OFF-MARKET
Estimated value
$2,895,000
Retail space
17292 Frnt Bch Rdt, Panama City Beach, FL 32413-2085
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-9503561
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
STEEL FRAME
Total area
24,424 SF
Lot
10.04 ac (437,342 SF)
Zoning code
PCB14
APN
38324-010-000
UPID
US18-9503561
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
$2.38M
Blend (final)
Blend
$2.90M
Owner & transaction history
S & A Of Panama City Beach Ltd · 17 yrs held
S & A Of Panama City Beach Ltd
since 2008
7 recorded transactions
Zoning & alternative use
PCB14 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,510,000
Current use
MEDICAL BUILDING
$2,900,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.90M
Range $2.61M – $3.18M · ±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
$119 / 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
$35,493
Tax year 2023
Assessed value
$3,111,941
Assessed 2023
Previous assessed
$2,490,809
+24.9% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,370,800
Assessed improvement
$1,741,141
Land market value
$1,370,800
Improvement market value
$1,741,141
Total market value
$3,111,941
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
3
Total area
24,424 SF
Lot
10.04 ac (437,342 SF)
Zoning code
PCB14
APN
38324-010-000
UPID
US18-9503561
Jurisdiction
BAY
Zoning & alternative use
PCB14 · Panama City Beach, FL
Zoning PCB14 · permitted uses
PCB14 · 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
RETAIL STORES Current
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$2.9M
RETAIL STORES Current
MEDICAL 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
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
3
Lot
10.04 ac
Current owner
From public records · entity-resolved
S & A Of Panama City Beach Ltd
Entity
Mailing address
4117 THOMAS DR, PANAMA CITY BEACH, FL 32408-7307
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2019
—
S & A Of Panama City Beach Ltd
—
Deed
related
$2,146,250 · Summit Bank NA
Aug 15, 2008
$1,050,000
S & A Of Panama City Beach Ltd
Royal American Development INC
Warranty Deed
$945,000 · Royal American Development INC
Oct 4, 1996
—
Dellaria Trust
Dellaria,barbara G
Quit Claim Deed
related
—
Sep 26, 1996
$26,100
John Crawford
Peoples First Community Bank
Grant Deed
$149,600 · Peoples First Community Bank
Sep 11, 1996
—
John E Green
—
Deed Of Trust
related
$112,500 · Peoples First Community Bank
Jul 19, 1996
$26,100
James Brown Construction INC
Peoples First Community Bank
Grant Deed
$117,375 · Peoples First Community Bank
Jul 19, 1996
$27,000
James Brown Construction INC
Peoples First Community Bank
Grant Deed
$118,500 · Peoples First Community Bank
Jul 19, 1996
$155,000
Michael A Gunn
Rex Spencer Construction INC
Grant Deed
$118,000 · Peoples First Community Bank
Jul 9, 1996
$185,000
Samuel R Anderson
Panama City-bay County Home
Grant Deed
$138,750 · Peoples First Community Bank
Jul 5, 1996
$32,000
Ronald R Hilterman
Peoples First Community Bank
Grant Deed
$25,600 · Peoples First Community Bank
Jun 7, 1996
$156,500
Meda S Webb
James Brown Construction INC
Grant Deed
$148,650 · Regions Mortgage INC
May 3, 1996
$29,900
John E Green
Peoples First Community Bank
Grant Deed
$26,900 · Peoples First Community Bank
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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