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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Turn key restaurants
2001 Martin Luther King Jr Blvd Panama City, FL 32405-5316
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-6341242
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1985
Construction
STEEL FRAME
Total area
23,905 SF
Lot
10.27 ac (447,416 SF)
Zoning code
PC09
APN
14416-000-000
UPID
US18-6341242
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
Current use
Occupant on record · Public records
-
Bellini Cafe & Cocktail Lounge Restaurant
-
Holiday Inn Panama City, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.52M
Owner & transaction history
Holiday PC INC · 6 yrs held
Holiday PC INC
since 2019
6 recorded transactions
Zoning & alternative use
PC09 · 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
$64 / 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
$126,535
Tax year 2023
Assessed value
$7,337,006
Assessed 2023
Previous assessed
$7,241,436
+1.3% YoY
Effective rate
1.72%
On assessed value
Assessed land
$1,448,854
Assessed improvement
$5,888,152
Land market value
$1,448,854
Improvement market value
$5,888,152
Total market value
$7,337,006
Applied tax rate
16.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
OTHER
Buildings
2
Stories
1
Rooms
30
Total area
23,905 SF
Lot
10.27 ac (447,416 SF)
Zoning code
PC09
APN
14416-000-000
UPID
US18-6341242
Jurisdiction
BAY
Zoning & alternative use
PC09 · Panama City, FL
Zoning PC09 · permitted uses
PC09 · 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
1985
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
30
Lot
10.27 ac
Current owner
From public records · entity-resolved
Holiday PC INC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 18049, PANAMA CITY BEACH, FL 32417-8049
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
—
Hilton Hospitality LLC
—
Deed
related
$2,726,909 · Trustmark Nat'l Bk
Dec 9, 2019
—
Holiday PC INC
Hilton INC
Quit Claim Deed
related
—
Oct 30, 2013
—
Hilton INC
Hilton,l Charles JR
Quit Claim Deed
related
—
Oct 11, 2013
—
Hilton INC
Hilton,l Charles JR
Quit Claim Deed
related
—
Jan 23, 2013
—
Holiday PC INC
Hilton INC
Warranty Deed
—
—
—
Hilton Hospitality LLC
—
Loan Modification
related
$2,726,909 · Trustmark Nat'l Bk
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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