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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Medical Office Space
22326 Panama City Bch Pkwy Panama City Beach, FL 32413-3228
Trust Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-7269564
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
WOOD
Total area
3,599 SF
Lot
1.53 ac (66,580 SF)
Zoning code
BC04
APN
36459-515-000
UPID
US18-7269564
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
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$510k
Owner & transaction history
Crockett,daniel L Living Trust · 12 yrs held
Crockett,daniel L Living Trust
since 2014
7 recorded transactions
Zoning & alternative use
BC04 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$770,000
+79.9%
Retail stores
$515,000
+21.1%
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
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$425,000
Current use
OFFICE BUILDING
$770,000
Change: +80% · Conversion: Easy
RETAIL STORES
$515,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$142 / 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
$19,272
Tax year 2023
Assessed value
$1,525,410
Assessed 2023
Previous assessed
$1,528,584
-0.2% YoY
Effective rate
1.26%
On assessed value
Assessed land
$858,215
Assessed improvement
$667,195
Land market value
$858,215
Improvement market value
$667,195
Total market value
$1,525,410
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
18
Bathrooms
2
Total area
3,599 SF
Lot
1.53 ac (66,580 SF)
Zoning code
BC04
APN
36459-515-000
UPID
US18-7269564
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
MEDICAL BUILDING Current
Est. value
$425,000
OFFICE BUILDING
Est. value
$770,000
RETAIL STORES
Est. value
$515,000
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
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
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
18
Bathrooms
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
Crockett,daniel L Living Trust
Trust
Mailing address
22326 PANAMA CITY BCH PKWY, PANAMA CITY BEACH, FL 32413-3228
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2020
—
Spencer Family Investments LLC
—
Deed
related
$531,829 · Hancock Whitney Bk
Jul 21, 2017
—
Spencer Family Invesments LLC
—
Deed
related
$717,000 · Hancock Bank
Apr 16, 2014
$291,500
Crockett,daniel L Living Trust
Se Property Holdings LLC
Grant Deed
—
Mar 4, 2014
—
Se Property Holdings LLC
Ari LLC Coc
Trustees Deed
related
—
May 4, 2004
$850,000
Inlet View LLC
Maulden,james W
Grant Deed
$1,344,750 · Vision Bank Fsb
—
—
Richard D Taylor
—
Deed Of Trust
related
$139,600 · Everhome Mortgage Co
—
—
Beth B Hester
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
—
—
James F Scalf III
—
Deed Of Trust
related
$232,000 · First Horizon Home Loan Corp
—
—
Spencer Family Investments LLC
—
Loan Modification
related
$531,829 · Hancock Whitney 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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