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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Warehouses
17629 Cordova Pl Panama City Beach, FL 32413-5257
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7753977
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
6,200 SF
Lot
1.03 ac (44,823 SF)
Zoning code
PCB07
APN
38324-740-000
UPID
US18-7753977
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
$1.20M
CAP Approach
CAP
$720k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Ldv Land Development LLC · 1 yrs held
Ldv Land Development LLC
since 2024
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
PCB07 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+220.3%
Restaurant
$1.5M
+210.6%
Office building
$1.3M
+173.8%
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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,550,000
Change: +220% · Conversion: Difficult
RESTAURANT
$1,500,000
Change: +211% · Conversion: Difficult
OFFICE BUILDING
$1,325,000
Change: +174% · Conversion: Difficult
RETAIL STORES
$890,000
Change: +84% · Conversion: Moderate
MEDICAL BUILDING
$735,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Oct 16 2024)
Last sale anchor
$1.20M
Oct 16 2024
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
$194 / 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
$7,963
Tax year 2023
Assessed value
$649,978
Assessed 2023
Previous assessed
$649,978
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$187,001
Assessed improvement
$462,977
Land market value
$187,001
Improvement market value
$462,977
Total market value
$649,978
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Rooms
1
Total area
6,200 SF
Lot
1.03 ac (44,823 SF)
Zoning code
PCB07
APN
38324-740-000
UPID
US18-7753977
Jurisdiction
BAY
Zoning & alternative use
PCB07 · Panama City Beach, FL
Zoning PCB07 · permitted uses
PCB07 · 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
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$890,000
MEDICAL BUILDING
Est. value
$735,000
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
2019
Construction
STEEL FRAME
Heating
NONE
Rooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Ldv Land Development LLC
Entity
Mailing address
196 N HOLIDAY RD, MIRAMAR BEACH, FL 32550-6926
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
$1,200,000
Ldv Land Development LLC
Charles G Moore
Warranty Deed
$960,000 · Whitney Bank
May 13, 2022
—
Charles Gregory Moore
—
Deed
related
$675,000 · The First A National Banking Assn
Mar 23, 2021
$850,000
Charles G Moore
Joseph P Cummings
Warranty Deed
$500,000 · Peoplessouth Bank
Jul 18, 2018
—
Joseph P Cummings
—
Trustees Deed
related
$348,000 · Community Bk/ms
May 3, 2018
$92,610
Joseph P Cummings
St Joe Co
Grant 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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