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Property profile & analytics
OFF-MARKET
Office Spaces
17690 Frnt Bch Rd Panama City Beach, FL 32413-1947
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-7806686
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1995
Construction
WOOD
Total area
1,416 SF
Lot
9.41 ac (409,900 SF)
Zoning code
PCB09
APN
38461-000-000
UPID
US18-7806686
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
James Chris Closson · 2 yrs held
James Chris Closson
since 2023
7 recorded transactions
Zoning & alternative use
PCB09 · 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
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
$4,361
Tax year 2023
Assessed value
$366,433
Assessed 2023
Previous assessed
$367,193
-0.2% YoY
Effective rate
1.19%
On assessed value
Assessed land
$298,117
Assessed improvement
$68,316
Land market value
$298,117
Improvement market value
$68,316
Total market value
$366,433
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
3
Total area
1,416 SF
Lot
9.41 ac (409,900 SF)
Zoning code
PCB09
APN
38461-000-000
UPID
US18-7806686
Jurisdiction
BAY
Zoning & alternative use
PCB09 · Panama City Beach, FL
Zoning PCB09 · permitted uses
PCB09 · 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.
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Lot
9.41 ac
Current owner
From public records · entity-resolved
James Chris Closson
Individual
Free & Clear · 2 yrs held
Mailing address
1403 HAISTEN DR, DOTHAN, AL 36301-2163
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
—
James Chris Closson
Michael Closson
Intrafamily Transfer
related
—
Aug 6, 2021
—
James Chris Closson
Melba M Hawn
Special Warranty Deed
—
Oct 19, 2000
$98,500
Samuel A Couch
Peachtree Place INC
Grant Deed
—
Jan 6, 2000
$70,000
Sandra A Lion
Peachtree Place INC
Grant Deed
—
Dec 21, 1999
$96,700
Louie F Hickman
Peachtree Place INC
Grant Deed
$81,650 · Peoples First Community Bank
Dec 13, 1999
$97,500
Robert G Tucker
Peachtree Place INC
Grant Deed
$78,000 · Regions Mortgage INC
Sep 16, 1999
$90,000
Holcomb Trust
Peachtree Place INC
Grant Deed
$31,000 · Regions Bank
Sep 3, 1999
$68,500
Virginia R Balhouse
Peachtree Place INC
Grant Deed
—
Aug 31, 1999
$95,500
Paul P Rofrano
Peachtree Place INC
Grant Deed
$74,800 · Suntrust Bank Northwest Fl
Aug 18, 1999
$96,500
Jeffrey E Trefz
Peachtree Place INC
Grant Deed
—
Jun 29, 1999
$97,100
Grantham,june J
Peachtree Place INC
Trustees Deed
—
Jun 29, 1999
$96,500
Boatright,jack R & Shirley A
Peachtree Place INC
Trustees Deed
—
Jun 29, 1999
$93,000
Wood,carroll & Marilyn
Peachtree Place INC
Trustees Deed
—
Jun 29, 1999
$89,500
John T Radney
Peachtree Place INC
Grant Deed
$68,000 · Regions Mortgage INC
Mar 26, 1998
$84,500
Joseph E Brown
Peachtree Place INC
Grant Deed
—
Nov 19, 1997
$87,000
Wayne B Haney
Peachtree Place INC
Grant Deed
$78,000 · Southern FCU
Sep 2, 1997
$85,000
Shafer,donald H
Peachtree Place INC
Trustees Deed
$68,000 · Peoples First Community Bank
Jul 16, 1997
$90,000
Richard B Lensink
Peachtree Place INC
Grant Deed
$72,000 · Tyndall FCU
May 9, 1997
$82,000
Lawford,dennis & Susan
Peachtree Place INC
Trustees Deed
$73,800 · Peoples Bank Of Coffee County
May 9, 1997
$85,000
Kitchens,steve D & Karen M
Peachtree Place INC
Trustees Deed
$52,000 · Amsouth Bank Alabama
May 9, 1997
$62,000
Rex E Taylor
Peachtree Place INC
Grant Deed
$55,800 · Amsouth Bank Alabama
May 7, 1997
$81,000
Moore,benny K & Laura H
Peachtree Place INC
Trustees Deed
$60,000 · Peoples First Community Bank
May 7, 1997
$84,000
Shelley,brian S & Nancy L
Peachtree Place INC
Trustees Deed
$78,750 · First National Bank Ashford
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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