New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Office Spaces
22200 Panama City Bch Pkwya-f Panama City Beach, FL 32413-3226
Individually Owned
11-yr Hold
Free & Clear
Property ID
US18-2451731
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Construction
STEEL FRAME
Total area
6,849 SF
Lot
0.61 ac (26,780 SF)
Zoning code
BC04
APN
36459-593-000
UPID
US18-2451731
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
$1.07M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.26M
Owner & transaction history
Emad Srour · 11 yrs held
Emad Srour
since 2014
7 recorded transactions
Zoning & alternative use
BC04 · 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%
$1,155,000
6.5%
$1,065,000
7%
$990,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,710,000
Current use
RESTAURANT
$1,660,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$1,460,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±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
$183 / 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
$9,957
Tax year 2023
Assessed value
$780,375
Assessed 2023
Previous assessed
$790,405
-1.3% YoY
Effective rate
1.28%
On assessed value
Assessed land
$345,194
Assessed improvement
$435,181
Land market value
$345,194
Improvement market value
$435,181
Total market value
$780,375
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
12
Bathrooms
1
Total area
6,849 SF
Lot
0.61 ac (26,780 SF)
Zoning code
BC04
APN
36459-593-000
UPID
US18-2451731
Jurisdiction
BAY
Zoning & alternative use
BC04 · Panama City Beach, FL
Zoning BC04 · permitted uses
BC04 · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE 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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Emad Srour
Individual
Free & Clear · 11 yrs held
Mailing address
4114 ANGEL SPGS DR, SUGAR LAND, TX 77479-4235
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2014
$665,000
Emad Srour
Trustmark Natl Bk
Grant Deed
—
Jun 12, 2013
—
Trustmark Natl Bk
Megamela LLC Coc
Trustees Deed
related
—
Jul 19, 2010
—
Old South Investments INC
—
Trustees Deed
related
$75,000 · Trustmark National Bank
Mar 3, 2004
$1,000,000
Megamela LLC
Integrity Development Group
Grant Deed
$651,000 · Bay Bank Trust Co
Jun 18, 2002
$170,000
Integrity Outdoor Advertising
Oakes,jason P
Grant Deed
$136,000 · Destin Bank
Aug 13, 2001
$100,000
Jason P Oakes
Foster,clinton E
Grant Deed
$44,000 · Fred M
—
—
Old South Investments INC
—
Deed Of Trust
related
—
—
—
Megamela LLC
—
Deed Of Trust
related
$320,765 · Banktrust
—
—
Jason P Oakes
—
Deed Of Trust
related
$44,000 · Clinton E & Betty J
—
—
Megamela LLC
—
Deed Of Trust
related
$638,426 · Banktrust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 22200 Panama City Bch Pkwya-f?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
