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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Medical Office Space
2550 Jenks Ave, Panama City, FL 32405-4310
Entity Owned
~
Est. High Equity
Property ID
US18-4192656
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,375 SF
Lot
1.09 ac (47,480 SF)
Zoning code
BC05
APN
13003-100-000
UPID
US18-4192656
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
-
Hall Aundre Employment Agency
-
Whit Jennifer Employment Agency
-
Hilley Amy Employment Agency
-
Pediatric Associates Panama City Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.11M
Owner & transaction history
2550 Jenks Ave LLC
2550 Jenks Ave LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
BC05 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+91.9%
Office building
$1.6M
+69.1%
Retail stores
$1.1M
+22.4%
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
$990,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$930,000
Current use
RESTAURANT
$1,785,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$1,575,000
Change: +69% · Conversion: Easy
RETAIL STORES
$1,140,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,075,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.20M (Jun 15 2022)
Last sale anchor
$1.20M
Jun 15 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
$151 / 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
$11,643
Tax year 2023
Assessed value
$913,825
Assessed 2023
Previous assessed
$772,246
+18.3% YoY
Effective rate
1.27%
On assessed value
Assessed land
$152,872
Assessed improvement
$760,953
Land market value
$152,872
Improvement market value
$760,953
Total market value
$913,825
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
13
Total area
7,375 SF
Lot
1.09 ac (47,480 SF)
Zoning code
BC05
APN
13003-100-000
UPID
US18-4192656
Jurisdiction
BAY
Zoning & alternative use
BC05 · Panama City, FL
Zoning BC05 · permitted uses
BC05 · 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
MEDICAL BUILDING Current
Est. value
$930,000
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING Current
RESTAURANT
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
13
Lot
1.09 ac
Current owner
From public records · entity-resolved
2550 Jenks Ave LLC
Entity
Mailing address
2606 COUNTRY CLB DR, LYNN HAVEN, FL 32444-5102
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
—
2550 Jenks Ave LLC
Panama City Medplex LLC
Warranty Deed
—
Jul 6, 2022
—
Panama City Mebplex LLC
—
Deed
related
$960,000 · Regions Bank
Jun 15, 2022
$1,200,000
Panama City Medplex LLC
Ingrid J Rachesky
Warranty Deed
$960,000 · Regions Bank
Mar 22, 2019
$105,000
Bradley Bromlow
Rachesky Ingrid J Trust
Warranty Deed
—
Mar 8, 2019
—
Rachesky,ingrid J Trust
—
Deed
related
$334,400 · Us Small Busn Admn
Dec 31, 2012
—
Rachesky Ingrid J Trust
Rachesky,ingrid J
Quit Claim Deed
related
—
—
—
Rachesky,ingrid J Trust
—
Deed Of Trust
related
$334,400 · Us Small Busn Admn
—
—
Rachesky Ingrid J Trust
—
Deed Of Trust
related
$280,561 · Hancock Bank
—
—
Ingrid J Rachesky
—
Deed Of Trust
related
$540,000 · Peoples First Community Bank
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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