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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Office Spaces
19408 Panama City Bch Pkwy Panama City Beach, FL 32413-8715
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-2616953
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
STEEL FRAME
Total area
7,545 SF
Lot
0.8 ac (34,761 SF)
Zoning code
BC04
APN
37238-110-000
UPID
US18-2616953
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
$1.18M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.35M
Owner & transaction history
Joe D Brown · 13 yrs held
Joe D Brown
since 2012
7 recorded transactions
Zoning & alternative use
BC04 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,275,000
6.5%
$1,175,000
7%
$1,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,885,000
Current use
RESTAURANT
$1,825,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$1,610,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$178 / 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
$10,551
Tax year 2023
Assessed value
$827,885
Assessed 2023
Previous assessed
$832,486
-0.6% YoY
Effective rate
1.27%
On assessed value
Assessed land
$448,067
Assessed improvement
$379,818
Land market value
$448,067
Improvement market value
$379,818
Total market value
$827,885
Applied tax rate
56.0000
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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
25
Total area
7,545 SF
Lot
0.8 ac (34,761 SF)
Zoning code
BC04
APN
37238-110-000
UPID
US18-2616953
Jurisdiction
BAY
Zoning & alternative use
BC04 · Panama City Beach, FL
Zoning BC04 · permitted uses
BC04 · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
25
Lot
0.8 ac
Current owner
From public records · entity-resolved
Joe D Brown
Individual
Mailing address
19408 PANAMA CITY BCH PKWY, PANAMA CITY BEACH, FL 32413-8715
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Jul 19, 2012
$560,000
Joe D Brown
Plainsman Properties LLC
Warranty Deed
$476,000 · Summit Bank
Mar 9, 2012
$400,000
Plainsman Properties LLC
Trustmark Natl Bk
Grant Deed
—
Nov 16, 2009
—
Trustmark Natl Bk
Nwr Properties LLC Coc
Trustees Deed
related
—
Sep 16, 2008
—
Nwr Properties LLC
—
Trustees Deed
related
$750,000 · Trustmark National Bank
Jul 29, 2008
—
Nwr Properties LLC
—
Trustees Deed
related
$213,000 · Allied First Bank
Jul 16, 2007
—
Nwr Properties LLC
Wave Construction INC
Quit Claim Deed
related
$750,000 · Trustmark National Bank
May 29, 2007
—
Wave Construction INC
—
Trustees Deed
related
$50,000 · Trustmark National Bank
Nov 15, 2002
$400,000
Wave Contruction INC
Bell,j A
Grant Deed
$300,000 · J A Bell
Jan 14, 1998
$18,000
James Tatanish
Dunkin,norman E & Betty
Grant Deed
$48,000 · Peoples First Community Bank
—
—
Wave Construction INC
—
Deed Of Trust
related
$440,000 · The 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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