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Property profile & analytics
FOR LEASE
Manufacturing properties
2325 Transmitter Rd Panama City, FL 32404
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-1810401
For Lease
1 / 5
$12 SF/Yr
2325 Transmitter Rd, Panama City, FL 32404
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2019
Construction
STEEL FRAME
Total area
18,360 SF
Lot
1.1 ac (47,960 SF)
APN
12770-000-000
UPID
US18-1810401
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
Current use
Occupant on record · Public records
-
Bay county construction and demolition Landscaping General Contractor
-
J & J Door Manufacturing Inc General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.09M
Owner & transaction history
J & J Door Manufacturing INC · 16 yrs held
J & J Door Manufacturing INC
since 2009
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,440,000
Current use
WAREHOUSE, STORAGE
$1,430,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$59 / 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
$10,274
Tax year 2023
Assessed value
$635,682
Assessed 2023
Previous assessed
$635,682
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$71,565
Assessed improvement
$564,117
Land market value
$71,565
Improvement market value
$564,117
Total market value
$635,682
Applied tax rate
20.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
2019
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
6
Bathrooms
1
Total area
18,360 SF
Lot
1.1 ac (47,960 SF)
APN
12770-000-000
UPID
US18-1810401
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2019
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
J & J Door Manufacturing INC
Entity
Mailing address
2325 TRANSMITTER RD, PANAMA CITY, FL 32404-3156
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
—
J & J Door Manufacturing INC
—
Deed
related
$442,000 · United States Small Business Admin
Feb 4, 2019
—
J & J Door Imanufacturing INC
—
Deed
related
$442,000 · United States Small Business Admin
Oct 29, 2009
$130,000
J & J Door Manufacturing INC
Bay Cabinet Works INC
Warranty Deed
$200,000 · Carl D Gay
—
—
Bay Cabinet Works INC
—
Deed Of Trust
related
$114,295 · Suntrust Bank NA
—
—
J & J Door Manufacturing INC
—
Deed Of Trust
related
$55,000 · Capital City Bank
—
—
Bay Cabinet Works INC
—
Deed Of Trust
related
$36,131 · Suntrust Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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