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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office Spaces
2424 Jenks Ave Panama City, FL 32405-4908
Individually Owned
Free & Clear
Property ID
US18-3193839
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,156 SF
Lot
1.29 ac (56,410 SF)
Zoning code
PC09
APN
13016-105-000
UPID
US18-3193839
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
-
VBA Design, Inc. Architect
-
Club 360, Inc. Association / Organization
-
Cornerstone Title Agency, Inc Insurance Agency
-
INACOMP Data-Voice System IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$635k
Owner & transaction history
Terrelle Sims
Terrelle Sims
since 2026
Last sale
$560,000
7 recorded transactions
Zoning & alternative use
PC09 · 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
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
COMMERCIAL (GENERAL)
$1,045,000
Current use
MEDICAL BUILDING
$905,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $560k (Dec 4 2025)
Last sale anchor
$560k
Dec 4 2025
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
$89 / 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
$8,504
Tax year 2023
Assessed value
$492,686
Assessed 2023
Previous assessed
$492,686
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$213,675
Assessed improvement
$279,011
Land market value
$213,675
Improvement market value
$279,011
Total market value
$492,686
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
16
Total area
7,156 SF
Lot
1.29 ac (56,410 SF)
Zoning code
PC09
APN
13016-105-000
UPID
US18-3193839
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
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$905,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
16
Lot
1.29 ac
Current owner
From public records · entity-resolved
Terrelle Sims
Individual
Free & Clear · 0 yrs held
Mailing address
3040 POST OAK BLVD STE #300, HOUSTON, TX 77056-6513
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
50 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2026
—
Terrelle Sims
Moosed Up LLC
Deed
related
—
Dec 4, 2025
$560,000
Hwy 77 Retail Partners LLC
Property For Sale LLC
Warranty Deed
—
Nov 24, 2025
$375,000
Panhandle Construction Services Gro
Darryl Pierce
Warranty Deed
—
Nov 21, 2025
$99,500
Alan James Schumann JR
Cedar Creek At Deerpoint Lake INC
Warranty Deed
—
Nov 21, 2025
$45,000
Za Darrion Mt Bell
James W Maulden
Warranty Deed
—
Nov 3, 2025
$264,900
Osdania Rosabal Aguero
Norstev Enterprises LLC
Warranty Deed
—
Oct 6, 2025
$140,000
Bay Homes And Land INC
Corina Streekmann
Warranty Deed
—
Sep 24, 2025
$80,000
Ajay Mhatre
Alan Van Comerford
Warranty Deed
—
Sep 24, 2025
$400,000
Dale K Snider JR
Diana E Snider
Warranty Deed
related
—
Sep 24, 2025
$237,000
Precilla R Corona
Angelena Krysten Maynard
Warranty Deed
$11,523 · Florida Housing Finance Corp
Sep 19, 2025
—
Michael Keoni Smith
Michael Keoni Smith
Deed
related
—
Sep 18, 2025
$25,000
Rebecca A Victoria
Annette F Tharp
Warranty Deed
—
Sep 18, 2025
$58,000
Dan Homes LLC
Chau Nguyen
Warranty Deed
—
Sep 17, 2025
$25,000
Nathan B Mclemore
Edwin E Hathaway
Warranty Deed
—
Sep 15, 2025
$67,500
John Edward Cugler JR
Cedar Creek At Deerpoint Lake INC
Warranty Deed
—
Sep 15, 2025
$521,000
Robert W Swain
Robert W Swain
Warranty Deed
related
—
Sep 9, 2025
$575,000
Kirsten J Summers
Gregory Coleman
Warranty Deed
—
Sep 9, 2025
$205,000
Stephanie Garrett
Karen Mucciolo
Warranty Deed
—
Sep 9, 2025
$349,900
Matthew P Salvo
Justin Carl Lee
Warranty Deed
—
Sep 5, 2025
$425,000
Bart C Lashlee
Gulf Rental LLC
Warranty Deed
—
Sep 5, 2025
$345,000
Terrelle Sims
Moosed Up LLC
Warranty Deed
—
Aug 27, 2025
$169,900
John Smith Dalisay
Debra Brawley
Warranty Deed
—
Aug 26, 2025
$70,000
Thomas Nickell Moran
Nicholas Newell
Warranty Deed
—
Aug 25, 2025
$225,000
Nautical Nest Properties LLC
Jackie T Barnette
Warranty Deed
—
Aug 21, 2025
$40,000
Timothy Travis Wade
Kyle T Sieber
Warranty Deed
—
Aug 15, 2025
$400,000
John W Spivey
Mark Allen Swearington
Warranty Deed
$200,000 · Rocket Mortgage LLC
Aug 15, 2025
$223,000
William Springfield JR
Richard O White
Warranty Deed
$223,000 · Mortgage Solutions Of Colorado LLC
Aug 14, 2025
$130,000
Brian Bailey
Eric R Mason
Warranty Deed
$80,000 · Eric Mason
Aug 13, 2025
$34,500
Ty E Brown
Elleanor Grace Tyson
Warranty Deed
—
Aug 5, 2025
$510,000
Amy Marie Mehanovic
Dwight Hicks
Warranty Deed
$422,000 · Standard Mortgage Capital LLC
Aug 5, 2025
$285,000
Liam Howell
Andrea Owens
Warranty Deed
$294,405 · Sunnyhill Financial INC
Jul 31, 2025
$160,000
Sugar Maple Farms LLC
Carl Schmidt
Warranty Deed
—
Jul 25, 2025
$240,000
Frankie Garrett
Keith Banton
Warranty Deed
—
Jul 23, 2025
$150,000
Jayneelkumar H Patel
Rameshchandra J Patel
Warranty Deed
related
$240,000 · Peoplessouth Bank
Jul 14, 2025
$290,000
Michael Kruse Wyatt
John Faulk
Warranty Deed
$232,000 · Panhandle Cu
Jul 14, 2025
$55,000
Tom Wesley Gast
Steven Brent Barnett
Warranty Deed
—
Feb 7, 2025
$72,500
Gopher Strategies LLC
Ricky Lynn Harvey
Warranty Deed
$100,000 · Suncoast Equity Partners LLC
Feb 3, 2025
$174,000
Sharelle M Campbell
Seawind Construction LLC
Warranty Deed
$112,052 · Tyndall FCU
Feb 3, 2025
$360,000
Christopher M Floyd
Christopher M Floyd
Warranty Deed
related
$293,040 · Crosscountry Mortgage LLC
Feb 3, 2025
$215,000
Alberta C Roscoe
Seawind Construction LLC
Warranty Deed
$167,887 · Guild Mortgage Co
Jan 31, 2025
$70,000
Davis & Steuart Investments INC
Harold Ray Mangum
Warranty Deed
—
Jan 30, 2025
$149,500
Melba Faye Peludat
Cedar Creek At Deerpoint Lake INC
Warranty Deed
$85,000 · Midsouth Bank
Jan 29, 2025
$165,000
Chuck Neel Construction INC
Woliver Investments LLC
Warranty Deed
$400,000 · Cadence Bank NA
Dec 26, 2024
$30,000
G6 Development Company LLC
Jessica Scott
Warranty Deed
$225,000 · Panhandle Cu
Dec 20, 2024
—
Angila R Dean
Southern Belle Construction LLC
Warranty Deed
$214,350 · Peoplessouth Bank
Dec 17, 2024
$275,000
Kayla N Nance
Robert Warren Conner
Warranty Deed
$228,937 · Trustmark National Bank
Jul 1, 2024
$36,000
John Pope
Home Life 360 Investments LLC
Warranty Deed
—
Mar 18, 2022
$1,500,000
Carriage Funeral Holdings INC
Kenneth A Merriam
Warranty Deed
—
Dec 31, 2020
—
Kenneth A Merriam
Joseph Ashbrook
Warranty Deed
$500,000 · Joseph Ashbrook
Feb 14, 1997
—
Kenneth A Merriam
Merriam Insurance Agency INC
Quit Claim Deed
related
—
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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