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Property profile & analytics
FOR LEASE
Gas stations
200 E 6Th St Panama City, FL 32401
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-2765808
For Lease
1 / 25
$2,000/Mo
200 E 6Th St, Panama City, FL 32401
View Listing →
Property summary
AI-generated overview
This exceptional 2,814-square-foot commercial property, located in Panama City's vibrant historic downtown district, presents a unique investment opportunity. The building is a single-tenant space, offering a versatile blend of warehouse and office functionality. The warehouse/garage area encompasses 1,218 square feet and features three convenient roll-up doors for easy access and loading. A separate, climate-controlled lobby area provides 336 square feet of comfortable office space. Additional amenities include a dedicated utility room, two bathrooms, and both covered and uncovered parking. The property is leased as-is, with the tenant responsible for base rent, property taxes, insurance, and Florida state sales tax. Permitted uses are diverse and include, but are not limited to: civic uses (recreation, government, entertainment, religious, social, and educational)
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,814 SF
Lot
0.44 ac (19,200 SF)
Zoning code
PC10
APN
19764-000-000
UPID
US18-2765808
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
by Request
Owner & transaction history
Beach Drive PC Holdings LLC · 6 yrs held
Beach Drive PC Holdings LLC
since 2019
1 recorded transaction
Zoning & alternative use
PC10 · Panama City, 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Panama City 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
—
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
$4,506
Tax year 2023
Assessed value
$216,629
Assessed 2023
Previous assessed
$212,640
+1.9% YoY
Effective rate
2.08%
On assessed value
Assessed land
$96,000
Assessed improvement
$120,629
Land market value
$96,000
Improvement market value
$120,629
Total market value
$216,629
Applied tax rate
31.0000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
For Lease
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
4
Total area
2,814 SF
Lot
0.44 ac (19,200 SF)
Zoning code
PC10
APN
19764-000-000
UPID
US18-2765808
Jurisdiction
BAY
Zoning & alternative use
PC10 · Panama City, FL
Zoning PC10 · permitted uses
PC10 · Panama City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Panama City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Lot
0.44 ac
Current owner
From public records · entity-resolved
Beach Drive PC Holdings LLC
Entity
Mailing address
PO BOX 70, DOUGLASVILLE, GA 30133-0070
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2019
$275,000
Beach Drive PC Holdings LLC
Brock,johnny L SR & Judith A
Warranty Deed
$165,000 · Johnny L SR Brock
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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