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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Medical Office Space
2407 Ruth Hentz Ave, Panama City, FL 32405-2259
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3853732
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD
Total area
2,520 SF
Lot
0.83 ac (36,153 SF)
Zoning code
PC09
APN
26718-000-000
UPID
US18-3853732
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
-
American Gastroenterology Medical Clinic
-
Richard Boulware Wilson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$385k
Blend (final)
Blend
$565k
Owner & transaction history
Yellowfin Capital Properties LLC · 2 yrs held
Yellowfin Capital Properties LLC
since 2023
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
PC09 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$540,000
+69.1%
Retail stores
$390,000
+22.4%
Commercial (general)
$365,000
+15.5%
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
$575,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$540,000
Change: +69% · Conversion: Easy
RETAIL STORES
$390,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$365,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $675k (Oct 19 2023)
Last sale anchor
$675k
Oct 19 2023
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
$224 / 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
$5,510
Tax year 2023
Assessed value
$312,764
Assessed 2023
Previous assessed
$317,978
-1.6% YoY
Effective rate
1.76%
On assessed value
Assessed land
$117,011
Assessed improvement
$195,753
Land market value
$117,011
Improvement market value
$195,753
Total market value
$312,764
Applied tax rate
16.0000
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
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
10
Bathrooms
2
Total area
2,520 SF
Lot
0.83 ac (36,153 SF)
Zoning code
PC09
APN
26718-000-000
UPID
US18-3853732
Jurisdiction
BAY
Zoning & alternative use
PC09 · Panama City, FL
Zoning PC09 · permitted uses
PC09 · Panama City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Panama City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$540,000
RETAIL STORES
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$365,000
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Yellowfin Capital Properties LLC
Entity
Mailing address
2639 FEROL LN, LYNN HAVEN, FL 32444-3213
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
$675,000
Yellowfin Capital Properties LLC
Harbour View Properties LLC
Warranty Deed
—
Feb 10, 2022
—
Harbour View Propesties LLC
—
Deed
related
$225,000 · Trustmark National Bank
Aug 16, 2016
$375,000
Harbour View Properties LLC
Evans Property Management INC
Grant Deed
$345,000 · Evans Property Management INC
Dec 26, 2012
—
Garrett Family Holdings Lllp
Garrett,travis O
Quit Claim Deed
related
—
Mar 4, 2003
$186,400
Evans Property
Evans,eugene & Renee
Grant Deed
related
$186,400 · First National Bank & Trust
May 19, 2000
$75,000
Eugene Evans
Hentz,john G
Grant Deed
—
Apr 28, 2000
$72,000
Michael H Mcquaig
Hentz,john G
Grant Deed
$64,800 · Bay Bank Trust Co
Jul 10, 1998
$30,000
Pamela R Kennow
Hablitzel,matthew L & Shirley A
Grant Deed
$280,000 · Suntrust Bank West Florida
May 5, 1997
$250,000
Par-con INC
Hentz,john G & Ruth
Grant Deed
$200,000 · Regions Bank
Jun 17, 1996
$100
Gary L Weitekamp
Hentz,john G & Ruth A
Grant Deed
$342,000 · Florida Firstbank
—
—
John G Hentz
—
Deed Of Trust
related
$25,000 · Individual
—
—
John G Hentz
—
Deed Of Trust
related
$15,000 · Grimsley Trust
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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