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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Auto shops
18100 Panama City Bch Pkwy, Panama City Beach, FL 32413-5502
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US19-0736527
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,672 SF
Lot
1.12 ac (48,918 SF)
Zoning code
PCB03
APN
38198-000-000
UPID
US19-0736527
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
$615k
Owner & transaction history
Michael D Frimet · 22 yrs held
Michael D Frimet
since 2003
7 recorded transactions
Zoning & alternative use
PCB03 · 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
$92 / 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
$7,421
Tax year 2023
Assessed value
$752,457
Assessed 2023
Previous assessed
$759,795
-1.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$630,003
Assessed improvement
$122,454
Land market value
$630,003
Improvement market value
$122,454
Total market value
$752,457
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Rooms
2
Total area
6,672 SF
Lot
1.12 ac (48,918 SF)
Zoning code
PCB03
APN
38198-000-000
UPID
US19-0736527
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.
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Rooms
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Michael D Frimet
Individual
Mailing address
18100 PANAMA CITY BCH PKWY, PANAMA CITY BEACH, FL 32413-5502
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2019
—
Michael Frimet
—
Deed
related
$75,000 · First Florida Bank
Dec 1, 2017
—
Michael Frimet
—
Deed
related
$475,505 · Peoples Southern Bank
Feb 21, 2017
—
Michael Frimet
—
Deed
related
—
Jul 14, 2003
$430,000
Michael D Frimet
Mallory Investments INC
Grant Deed
$406,000 · Coastal Community Bank
Apr 22, 1998
$77,200
Mallory Enterprises Bay County
Taft,bonnie C
Grant Deed
$100,661 · Seller
—
—
Michael D Frimet
—
Deed Of Trust
related
$46,177 · Coastal Community Bank
—
—
Michael Frimet
—
Deed Of Trust
related
$75,000 · Coastal Community Bank
—
—
Michael Frimet
—
Deed Of Trust
related
—
—
—
Michael Frimet
—
Deed Of Trust
related
$50,000 · Coastal Community Bank
—
—
Michael Frimet
—
Deed Of Trust
related
$320,866 · Coastal Community Bank
—
—
Michael Frimet
—
Deed Of Trust
related
—
—
—
Michael Frimet
—
Loan Modification
related
—
—
—
Michael Frimet
—
Loan Modification
related
—
—
—
Michael Frimet
—
Loan Modification
related
—
—
—
Michael D Frimet
—
Deed Of Trust
related
$50,000 · Coastal 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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