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Property profile & analytics
OFF-MARKET
Medical Office Space
2424 Frankford Ave, Panama City, FL 32405-2239
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-4811603
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Construction
WOOD
Total area
4,342 SF
Lot
1.18 ac (51,531 SF)
Zoning code
BC15
APN
13180-010-000
UPID
US18-4811603
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
-
Daniel E. Feitz, DPM Physician
-
Feitz Foot Clinic Medical Clinic
-
Steigler Robert DPM Physician
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
Daniel Evan Feitz · 2 yrs held
Daniel Evan Feitz
since 2024
Last sale
$255,000
5 recorded transactions
Zoning & alternative use
BC15 · Panama City, 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 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
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
$3,850
Tax year 2023
Assessed value
$291,456
Assessed 2023
Previous assessed
$291,456
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$141,960
Assessed improvement
$149,496
Land market value
$141,960
Improvement market value
$149,496
Total market value
$291,456
Applied tax rate
55.0000
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
1974
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
8
Rooms
16
Bathrooms
3
Total area
4,342 SF
Lot
1.18 ac (51,531 SF)
Zoning code
BC15
APN
13180-010-000
UPID
US18-4811603
Jurisdiction
BAY
Zoning & alternative use
BC15 · Panama City, FL
Zoning BC15 · permitted uses
BC15 · 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.
Building & site characteristics
From public records
Year built
1974
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
8
Rooms
16
Bathrooms
3
Lot
1.18 ac
Current owner
From public records · entity-resolved
Daniel Evan Feitz
Individual
Free & Clear · 2 yrs held
Mailing address
2424 FRANKFORD AVE, PANAMA CITY, FL 32405-2239
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
—
Daniel Evan Feitz
Daniel Feitz
Intrafamily Transfer
related
—
Sep 19, 2018
—
Daniel E Feitz
—
Deed
related
$350,000 · Miscellaneous Ins Co
Feb 3, 1999
$255,000
Daniel E Feitz
Rocky Mountain Enterprises LLC
Grant Deed
$248,830 · Southtrust Bank NA
Nov 18, 1997
$191,400
Rocky Mountain Enterprises LLC
Rister,larry L & Sara B
Grant Deed
$225,000 · Southtrust Bank NA
—
—
Daniel E Feitz
—
Deed Of Trust
related
$350,000 · Miscellaneous Ins Co
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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