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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Retail space
20720 Panama City Bch Pkwy Panama City Beach, FL 32413-1460
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3713578
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Construction
STEEL FRAME
Total area
7,371 SF
Lot
0.85 ac (37,157 SF)
Zoning code
BC05
APN
35346-000-000
UPID
US18-3713578
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
$925k
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$930k
Owner & transaction history
Cgp Properties LLC · 6 yrs held
Cgp Properties LLC
since 2020
Last sale
$793,300
7 recorded transactions
Zoning & alternative use
BC05 · 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
$1,030,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$1,345,000
6.5%
$1,240,000
7%
$1,155,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,060,000
Current use
MEDICAL BUILDING
$875,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $793k (Mar 5 2020)
Last sale anchor
$793k
Mar 5 2020
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
$126 / 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
$9,985
Tax year 2023
Assessed value
$782,669
Assessed 2023
Previous assessed
$787,479
-0.6% YoY
Effective rate
1.28%
On assessed value
Assessed land
$263,403
Assessed improvement
$519,266
Land market value
$263,403
Improvement market value
$519,266
Total market value
$782,669
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
1
Bathrooms
1
Total area
7,371 SF
Lot
0.85 ac (37,157 SF)
Zoning code
BC05
APN
35346-000-000
UPID
US18-3713578
Jurisdiction
BAY
Zoning & alternative use
BC05 · Panama City Beach, FL
Zoning BC05 · permitted uses
BC05 · 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
RETAIL STORES Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$875,000
RETAIL STORES Current
MEDICAL 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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Cgp Properties LLC
Entity
Mailing address
20720 PANAMA CITY BCH PKWY, PANAMA CITY BEACH, FL 32413-1460
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Cgp Properties LLC
—
Deed
related
$1,200,000 · Progress Bank & Trust
Mar 5, 2020
—
Cgp Properties LLC
Factory Direct Furniture LLC
Warranty Deed
$910,000 · Progress Bk&tr
Jun 15, 2018
—
Direct Furniture LLC
—
Deed
related
$910,000 · Progress Bank & Trust
Feb 26, 2018
—
Factory Direct Furniture LLC
—
Deed
related
$861,853 · Peoplessouth Bk
Apr 18, 2017
—
Factory Direct Furniture LLC
—
Trustees Deed
related
$720,000 · Peoplessouth Bank Peoplessouth Bank
May 26, 2016
$500,000
Facroty Direct Furniture Ll C
Rod Perkins
Warranty Deed
$1,068,000 · Ameris Bank
Aug 4, 2011
$682,000
Rod Perkins
Syfrett,troy F JR
Warranty Deed
related
$542,000 · Troy F JR Syfrett
Mar 4, 2008
$15,000
Troy F Syfrett
Syfrett,troy F
Warranty Deed
related
—
Jan 14, 2005
$350,000
Troy F Syfrett
Cook,ronda N
Warranty Deed
—
—
—
Factory Direct Furniture LLC
—
Loan Modification
related
$910,000 · Progress Bk&tr
—
—
Factory Direct Furniture LLC
—
Loan Modification
related
$861,853 · Peoplessouth 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.
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