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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office Spaces
2607 Jenks Ave Panama City, FL 32405
Entity Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3666886
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Construction
WOOD
Total area
2,200 SF
Lot
6.71 ac (292,505 SF)
Zoning code
PC06
APN
12989-180-000
UPID
US18-3666886
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
$715k
CAP Approach
CAP
$345k
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$545k
Owner & transaction history
Chapman Properties INC · 29 yrs held
Chapman Properties INC
since 1997
3 recorded transactions
Zoning & alternative use
PC06 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$470,000
+46.4%
Retail stores
$340,000
+6.0%
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
$715,000
CAP Approach
CAP Return
Estimation
6%
$370,000
6.5%
$345,000
7%
$320,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$470,000
Change: +46% · Conversion: Easy
RETAIL STORES
$340,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
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
$248 / 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
$55,505
Tax year 2023
Assessed value
$3,188,326
Assessed 2023
Previous assessed
$3,082,738
+3.4% YoY
Effective rate
1.74%
On assessed value
Assessed land
$314,262
Assessed improvement
$2,874,064
Land market value
$314,262
Improvement market value
$2,874,064
Total market value
$3,188,326
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
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
19
Stories
1
Rooms
18
Total area
2,200 SF
Lot
6.71 ac (292,505 SF)
Zoning code
PC06
APN
12989-180-000
UPID
US18-3666886
Jurisdiction
BAY
Zoning & alternative use
PC06 · Panama City, FL
Zoning PC06 · permitted uses
PC06 · 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
OFFICE BUILDING
Est. value
$470,000
RETAIL STORES
Est. value
$340,000
OFFICE BUILDING
RETAIL STORES
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
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
19
Rooms
18
Lot
6.71 ac
Current owner
From public records · entity-resolved
Chapman Properties INC
Entity
Mailing address
232 FRST PARK CIR, PANAMA CITY, FL 32405-4919
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 1997
—
Chapman Properties INC
Chapman Corp
Quit Claim Deed
related
$120,000 · Bank Of The South
—
—
Chapman Properties INC
—
Deed Of Trust
related
$250,000 · Banksouth
—
—
Chapman Properties INC
—
Deed Of Trust
related
$138,000 · Bank Of The South
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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