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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Warehouses
2131 Ave Panama City, FL 32405-6279
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0536310
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
STEEL FRAME
Total area
2,100 SF
Lot
7.65 ac (333,234 SF)
APN
14660-120-000
UPID
US19-0536310
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
$3.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.20M
Owner & transaction history
Mdhi Panama City LLC · 2 yrs held
Mdhi Panama City LLC
since 2024
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
$3,200,000
ML approach
$3,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.20M (Feb 14 2024)
Last sale anchor
$3.20M
Feb 14 2024
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
$1,524 / 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
$20,125
Tax year 2023
Assessed value
$2,042,742
Assessed 2023
Previous assessed
$2,042,742
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$397,800
Assessed improvement
$1,644,942
Land market value
$397,800
Improvement market value
$1,644,942
Total market value
$2,042,742
Applied tax rate
55.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Units
10
Rooms
2
Total area
2,100 SF
Lot
7.65 ac (333,234 SF)
APN
14660-120-000
UPID
US19-0536310
Jurisdiction
BAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Units
10
Rooms
2
Lot
7.65 ac
Current owner
From public records · entity-resolved
Mdhi Panama City LLC
Entity
Mailing address
786 SPRUCE HL WAY, CHARLES TOWN, WV 25414-4486
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Feb 14, 2024
$3,200,000
Mdhi Panama City LLC
East Avenue Storage LLC
Warranty Deed
$2,031,000 · Yieldi LLC
Jun 2, 2023
$13,000
East Avenue Storage LLC
Florida Power & Light Company
Quit Claim Deed
related
—
Jan 22, 2007
$1,575,000
East Avenue Storage LLC
Davis Living Trust
Grant Deed
$1,000,000 · Davis J P & M R Living Trust
Nov 10, 2005
—
Davis J P & Mary R Trust
Davis,joel P & Mary R
Quit Claim Deed
related
—
Oct 31, 2002
—
Joel P Davis
—
Trustees Deed
related
$275,000 · Regions Bank
Jun 13, 2002
$125,000
Joel P Davis
Davis,philip
Grant Deed
related
—
Sep 16, 1998
$120,600
Joel P Davis
Weldco
Grant Deed
—
Nov 17, 1997
$125,000
Weldco
Segrest,ralph H & Jane G
Grant Deed
$45,000 · Seller
—
—
East Avenue Storage LLC
—
Deed Of Trust
related
$985,000 · Summit Bank
—
—
East Avenue Storage LLC
—
Loan Modification
related
—
—
—
Joel P Davis
—
Deed Of Trust
related
$475,000 · Regions 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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