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    Property profile & analytics

    1903 5Th St Panama City, FL 32401

    • Self storage facilities
    • 14,048 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8587697
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Go Mini's / Storage Facility

    Property Details for 1903 5Th St

    Property size
    14,048 SF
    Property type
    Self storage facilities

    Description

    This exceptional investment opportunity presents a thriving Go Mini's franchise in Northwest Florida, spanning from west of Tallahassee to Pensacola. The business boasts 99 mobile storage units and two delivery trucks, operating from two strategically located hubs: one in Panama City (1903 E 5th St, 32401) and another in Pensacola (4312 W Jackson St, 32506). The franchise occupies a total of 14,048 square feet of rentable space and currently enjoys a 58% occupancy rate, generating a Net Operating Income (NOI) of $82,753. Pro forma projections indicate a significant increase in NOI to $113,660, resulting in a compelling pro-forma cap rate of 13.37%. The asking price is $850,000, representing a price per unit of $8,585.86. This turnkey, cash-flowing business has demonstrated consistent year-over-year revenue growth since its establishment, making it an attractive investment with high potential for future returns. The current cap rate stands at 9.74%. This established territory offers significant growth opportunities within a desirable market. The business is offered as a stabilized investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.635419512881
    Latitude
    30.15683019674

    Comparable in this City

    • $259,900
      Pending

      Panama City Commercial Land

      Land with city approval for storage or industrial uses.
      323 W 14Th St, Panama City, FL 32401
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    • $435,000
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      Commercial Property with Residential Conversion

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      922 N East Ave, Panama City, FL 32401
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    • $3,807,383
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      Prime Panama City Retail Investment

      Safelite-Leased Building, High Traffic
      1415 Frankford Ave, Panama City, FL 32401
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    • $895,000
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      Contractor Site with Office, Shop

      1.5 acre site with office, shop, and lay-down yard.
      1219 Transmitter Rd, Panama City, FL 32401
      View Details
    • $990,000
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      Panama City Flex Space Available

      Flex space with warehouse, office, and secure yard.
      1108 School Ave, Panama City, FL 32401
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    • $489,500
      3,200 SF

      Office, Warehouse, and Laydown Yard

      Office and warehouse space with fenced laydown yard in Panama City.
      625 Mercer Ave, Panama City, FL 32401
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    Similar Nearby for Sale

    • $259,900
      Pending

      Panama City Commercial Land

      Land with city approval for storage or industrial uses.
      323 W 14Th St, Panama City, FL 32401
      View Details
    • $990,000
      6,306 SF

      Panama City Flex Space Available

      Flex space with warehouse, office, and secure yard.
      1108 School Ave, Panama City, FL 32401
      View Details
    • $435,000
      2,337 SF

      Commercial Property with Residential Conversion

      Versatile commercial property with residential conversion potential and industrial building.
      922 N East Ave, Panama City, FL 32401
      View Details
    • $3,807,383
      7,020 SF

      Prime Panama City Retail Investment

      Safelite-Leased Building, High Traffic
      1415 Frankford Ave, Panama City, FL 32401
      View Details
    • $895,000
      4,162 SF

      Contractor Site with Office, Shop

      1.5 acre site with office, shop, and lay-down yard.
      1219 Transmitter Rd, Panama City, FL 32401
      View Details
    • $489,500
      3,200 SF

      Office, Warehouse, and Laydown Yard

      Office and warehouse space with fenced laydown yard in Panama City.
      625 Mercer Ave, Panama City, FL 32401
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      22,540 SF

      Panama City Warehouse Unit For Rent

      Warehouse unit for rent with convenient access to major highways.
      901 N East Ave, Panama City, FL 32401
      View Details
    • $14 SF/Yr
      9,600 SF

      Warehouse and Office Space Available

      9,600 SF warehouse and office space for rent.
      1225 Transmitter Rd, Panama City, FL 32401
      View Details
    • $2,200 /Mo
      4,300 SF

      New Retail Flex Space

      Prime retail flex space for lease in Panama City, FL.
      1013 Transmitter Rd, Panama City, FL 32401
      View Details
    • $20 SF/Yr
      2,250 SF

      New Construction Flex Space Available

      New construction flex space in professional business park setting.
      1399 Jenks Ave, Panama City, FL 32401
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    • Contact for pricing
      87,231 SF

      Prime Panama City Industrial Space

      87,231 SF Flex/Manufacturing Space Available
      501 11Th St, Panama City, FL 32401
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    • Contact for pricing
      5,000 SF

      Versatile Multi-Tenant Building For Lease

      Multi-tenant building with flexible space options and strategic location.
      501 West 11Th St, Panama City, FL 32401
      View Details
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    1903 5Th St
    Panama City, FL 32401
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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