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Property profile & analytics
OFF-MARKET
Estimated value
$4,930,000
Warehouses
18436 Panama City Bch Pkwy Panama City Beach, FL 32413-5506
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3573079
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Construction
STEEL FRAME
Total area
43,200 SF
Lot
7.07 ac (308,056 SF)
Zoning code
PCB03
APN
37252-020-000
UPID
US18-3573079
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
$5.04M
Comparable Approach
Comparable
$5.84M
Blend (final)
Blend
$4.93M
Owner & transaction history
Southern Self Storage Of Pcb LLC · 11 yrs held
Southern Self Storage Of Pcb LLC
since 2015
7 recorded transactions
Zoning & alternative use
PCB03 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.2M
+84.4%
Medical building
$5.1M
+52.2%
Industrial (general)
$3.4M
+0.7%
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%
$5,455,000
6.5%
$5,035,000
7%
$4,675,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,370,000
Current use
RETAIL STORES
$6,210,000
Change: +84% · Conversion: Moderate
MEDICAL BUILDING
$5,125,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,390,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$4.93M
Range $4.44M – $5.42M · ±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
$114 / 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
$72,825
Tax year 2023
Assessed value
$6,547,486
Assessed 2023
Previous assessed
$6,547,486
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,106,380
Assessed improvement
$4,441,106
Land market value
$2,106,380
Improvement market value
$4,441,106
Total market value
$6,547,486
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
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
1
Units
325
Rooms
2
Bathrooms
2
Total area
43,200 SF
Lot
7.07 ac (308,056 SF)
Zoning code
PCB03
APN
37252-020-000
UPID
US18-3573079
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
WAREHOUSE, STORAGE Current
Est. value
$3.4M
RETAIL STORES
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1
Buildings
7
Units
325
Rooms
2
Bathrooms
2
Lot
7.07 ac
Current owner
From public records · entity-resolved
Southern Self Storage Of Pcb LLC
Entity
Free & Clear · 11 yrs held
Mailing address
3835 PGA BLVD STE #207, PALM BEACH GARDENS, FL 33410-3006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2015
$362,500
Southern Self Storage Of Pcb LLC
Southern Self Storage LLC
Warranty Deed
—
Nov 3, 2014
$725,000
Southern Self Storage LLC
Charterbank
Grant Deed
—
May 30, 2012
—
Charterbank
Alabama Landmark Corp Coc
Trustees Deed
related
—
Feb 21, 2008
$3,250,000
The Landmark Corp Of Florida
First National Bank Of Florida
Special Warranty Deed
$2,925,000 · First National Bank Of Florida
Jun 29, 2004
$2,275,000
Eagle Bay Investments LLC
B & N Developers INC
Grant Deed
$1,820,000 · Colonial Bank
—
—
Southern Self Storage Of Pcb LLC
—
Deed Of Trust
related
$4,075,000 · Northern Tr
—
—
Eagle Bay Investments LLC
—
Deed Of Trust
related
$200,000 · E L Lewis & Co INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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