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Property profile & analytics
OFF-MARKET
Estimated value
$435,000
Auto shops
2501 1st Plz Panama City, FL 32401-4932
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1834442
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2013
Construction
STEEL FRAME
Total area
1,800 SF
Lot
0.29 ac (12,710 SF)
Zoning code
PC11
APN
22326-000-000
UPID
US18-1834442
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
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$435k
Owner & transaction history
Ingatlan Plus LLC · 4 yrs held
Ingatlan Plus LLC
since 2022
Last sale
$525,000
5 recorded transactions
Zoning & alternative use
PC11 · Panama City, FL
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
$435,000
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$435k
Range $392k – $479k · ±10% · vs last sale $525k (Mar 31 2022)
Last sale anchor
$525k
Mar 31 2022
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
$242 / 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
$1,139
Tax year 2023
Assessed value
$55,633
Assessed 2023
Previous assessed
$58,657
-5.2% YoY
Effective rate
2.05%
On assessed value
Assessed land
$25,420
Assessed improvement
$30,213
Land market value
$25,420
Improvement market value
$30,213
Total market value
$55,633
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
1
Bathrooms
1
Total area
1,800 SF
Lot
0.29 ac (12,710 SF)
Zoning code
PC11
APN
22326-000-000
UPID
US18-1834442
Jurisdiction
BAY
Zoning & alternative use
PC11 · Panama City, FLZoning PC11 · permitted uses
PC11 · Panama City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2013
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ingatlan Plus LLC
Entity
Mailing address
PO BOX 18434, PANAMA CITY BEACH, FL 32417-8434
Ownership since
2022
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
Mar 31, 2022
$525,000
Ingatlan Plus LLC
Southern Boat Service LLC
Warranty Deed
—
Aug 1, 2019
—
Southern Boat Service LLC
Harris,ben M & Amanda
Quit Claim Deed
related
—
Jan 15, 2016
$80,000
William Brent Williford
Kevin M Szkapi
Warranty Deed
$73,210 · Sunsouth Bank
Aug 27, 2012
$75,000
Kevin M Szkapi
Port City Investments LLC
Warranty Deed
$60,000 · Port City Investments LLC
Jan 5, 2012
$24,500
Port City Investments LLC
Tax Collector Of Bay County
Tax 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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