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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Motels
21905 Frnt Bch Rd Panama City Beach, FL 32413-1205
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0147935
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1973
Construction
CONCRETE
Total area
36,959 SF
Lot
2.94 ac (128,066 SF)
Zoning code
BC23
APN
35368-000-000
UPID
US18-0147935
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
$3.15M
Blend (final)
Blend
$2.46M
Owner & transaction history
Panama City Beach Hotel LLC · 14 yrs held
Panama City Beach Hotel LLC
since 2012
7 recorded transactions
Zoning & alternative use
BC23 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±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
$67 / 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
$138,085
Tax year 2023
Assessed value
$13,319,750
Assessed 2023
Previous assessed
$10,060,980
+32.4% YoY
Effective rate
1.04%
On assessed value
Assessed land
$11,742,500
Assessed improvement
$1,577,250
Land market value
$11,742,500
Improvement market value
$1,577,250
Total market value
$13,319,750
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
FORCED AIR
Cooling
OTHER
Buildings
4
Stories
3
Units
143
Rooms
11
Total area
36,959 SF
Lot
2.94 ac (128,066 SF)
Zoning code
BC23
APN
35368-000-000
UPID
US18-0147935
Jurisdiction
BAY
Zoning & alternative use
BC23 · Panama City Beach, FLZoning BC23 · permitted uses
BC23 · Panama City Beach, FL
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
1973
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
4
Units
143
Rooms
11
Lot
2.94 ac
Current owner
From public records · entity-resolved
Panama City Beach Hotel LLC
Entity
Mailing address
2424 RDG RD, ROCKWALL, TX 75087-5116
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2012
$6,250,000
Panama City Beach Hotel LLC
Gc Hotel Holdco LLC
Grant Deed
—
Apr 13, 2011
—
Gc Hotel Holdco LLC
Nap Grand Cayman Ptrs Coc
Trustees Deed
related
—
Jun 10, 2005
$30,960,000
Nap Grand Cayman Partners Ltd
Grande Cayman LLC
Grant Deed
related
$24,980,000 · Bank Midwest NA
May 14, 2004
$15,680,000
Grande Cayman LLC
Sea Witch Motel Co INC
Grant Deed
$15,300,000 · Vanguard Bank & Trust Co
—
—
Panama City Beach Hotel LLC
—
Deed Of Trust
related
$6,695,000 · Ucf I Trust 1
—
—
Panama City Beach Hotel LLC
—
Deed Of Trust
related
$8,500,000 · Ladder Cap Fin
—
—
Panama City Beach Hotel LLC
—
Loan Modification
related
$13,100,000 · Ladder Cap Fin
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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