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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
2503 1st Plz Panama City, FL 32401-4932
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4261239
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2018
Construction
STEEL FRAME
Total area
1,920 SF
Lot
0.43 ac (18,923 SF)
Zoning code
PC11
APN
22326-010-000
UPID
US18-4261239
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ingatlan Plus LLC · 4 yrs held
Ingatlan Plus LLC
since 2022
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
PC11 · 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
$2,871
Tax year 2023
Assessed value
$155,601
Assessed 2023
Previous assessed
$156,281
-0.4% YoY
Effective rate
1.85%
On assessed value
Assessed land
$37,846
Assessed improvement
$117,755
Land market value
$37,846
Improvement market value
$117,755
Total market value
$155,601
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
1
Bathrooms
1
Total area
1,920 SF
Lot
0.43 ac (18,923 SF)
Zoning code
PC11
APN
22326-010-000
UPID
US18-4261239
Jurisdiction
BAY
Zoning & alternative use
PC11 · Panama City, FL
Zoning 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
Panama City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
1
Lot
0.43 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
7 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
—
Mar 6, 2018
$40,000
Southern Boat Services LLC
Heather Elizabeth Pollock
Warranty Deed
$18,630 · Panhandle Educators FCU
Aug 14, 2017
$39,000
Joseph M Pollock
Pitts,gary D
Warranty Deed
—
Jul 27, 2005
—
Gary D Pitts
Millville Machine & Welding
Warranty Deed
—
—
—
Gary D Pitts
—
Loan Modification
related
—
—
—
Southern Boat Service LLC
—
Deed Of Trust
related
$133,802 · Regions Bk
—
—
Gary D Pitts
—
Deed Of Trust
related
$27,000 · Bay Bank Trust 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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