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Property profile & analytics
OFF-MARKET
Estimated value
$3,845,000
Strip malls
17900 Panama City Bch Pkwy Panama City Beach, FL 32413-5503
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-0585391
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,160 SF
Lot
1.52 ac (66,124 SF)
Zoning code
PCB03
APN
38206-000-000
UPID
US18-0585391
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
$3.52M
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$3.85M
Owner & transaction history
17900 Panama City Beach Parkwa · 6 yrs held
17900 Panama City Beach Parkwa
since 2019
7 recorded transactions
Zoning & alternative use
PCB03 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+41.9%
Office building
$3.4M
+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%
$3,810,000
6.5%
$3,515,000
7%
$3,265,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,655,000
Current use
COMMERCIAL (GENERAL)
$3,765,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$3,435,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$3.85M
Range $3.46M – $4.23M · ±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
$212 / 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
$20,140
Tax year 2023
Assessed value
$1,749,505
Assessed 2023
Previous assessed
$1,773,194
-1.3% YoY
Effective rate
1.15%
On assessed value
Assessed land
$851,598
Assessed improvement
$897,907
Land market value
$851,598
Improvement market value
$897,907
Total market value
$1,749,505
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
6
Rooms
10
Bathrooms
2
Total area
18,160 SF
Lot
1.52 ac (66,124 SF)
Zoning code
PCB03
APN
38206-000-000
UPID
US18-0585391
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
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.4M
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6
Rooms
10
Bathrooms
2
Lot
1.52 ac
Current owner
From public records · entity-resolved
17900 Panama City Beach Parkwa
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 81612, CHAMBLEE, GA 30366-1612
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2019
—
17900 Panama City Beach Pkwy L
—
Deed
related
$1,275,000 · Miscellaneous Ins Co
Aug 2, 2019
$1,700,000
17900 Panama City Beach Parkwa
17900 Panama City LLC
Warranty Deed
—
Jan 23, 2012
$800,000
17900 Panama City LLC
Cadence Bk
Grant Deed
$600,000 · Doral Bank
Jan 7, 2011
$176,300
Superior Bk
2008 1st Florida Coc
Trustees Deed
related
—
Apr 1, 2009
$1,867,300
2008 1st Florida Habshey
Palm Plaza Pcb LLC
Grant Deed
related
—
Sep 29, 2006
—
Palm Plaza Pcb LLC
Wood,frank JR & Valorie
Warranty Deed
—
Apr 11, 2005
$1,987,100
Frank Wood JR.
Hufstetler Properties LLP
Warranty Deed
$1,300,000 · Coastal Community Bank
Oct 29, 2002
$274,000
Properties LLP Hufstetler
Bpi Development INC
Grant Deed
$264,000 · Thomasville National Bank
Apr 11, 2000
$170,000
Bpi Development INC
Gaunt,eleanor P
Grant Deed
$110,000 · Regions Bank
—
—
17900 Panama City Beach Pkwy L
—
Deed Of Trust
related
$1,275,000 · Miscellaneous Ins 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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