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Property profile & analytics
OFF-MARKET
Office Spaces
22611 Panama City Bch Pkwy Panama City Beach, FL 32413-1151
Entity Owned
Free & Clear
Property ID
US18-4397718
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1986
Construction
WOOD
Total area
560 SF
Lot
0.08 ac (3,700 SF)
Zoning code
BC04
APN
36292-010-000
UPID
US18-4397718
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hanson Beach LLC
Hanson Beach LLC
since 2025
Last sale
$189,000
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,498
Tax year 2023
Assessed value
$103,857
Assessed 2023
Previous assessed
$104,021
-0.2% YoY
Effective rate
1.44%
On assessed value
Assessed land
$47,693
Assessed improvement
$56,164
Land market value
$47,693
Improvement market value
$56,164
Total market value
$103,857
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
WINDOW A/C
Buildings
2
Stories
1
Rooms
1
Total area
560 SF
Lot
0.08 ac (3,700 SF)
Zoning code
BC04
APN
36292-010-000
UPID
US18-4397718
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.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Hanson Beach LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 81612, CHAMBLEE, GA 30366-1612
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
—
Hanson Beach LLC
Joseph O Hanson
Quitclaim Deed
related
—
Jun 25, 2025
—
22611 Pcb Pkwy LLC
Nelkin Allen Real Estate Holdings L
Quitclaim Deed
related
$50,000 · Mark Nelkin
Feb 25, 2021
—
Nelkin Allen Real Estate Holdings L
Carl E Allen
Intrafamily Transfer
related
—
May 28, 2019
$189,000
Gala Dev Group LLC
Kirksey,janet L
Warranty Deed
—
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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