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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Medical Office Space
2620 Jenks Ave, Panama City, FL 32405-4311
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2699420
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Construction
WOOD
Total area
5,052 SF
Lot
0.76 ac (33,000 SF)
Zoning code
PC09
APN
13003-055-000
UPID
US18-2699420
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
-
Forest Park Dental Dental Office
-
Jenna Pascoli DMD Dental Office
-
Forest Park Dental - Dr. Jenna Pascoli Dental Office
-
Acree Kathy Dental Office
-
Krista P. Thompson, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$815k
Blend (final)
Blend
$660k
Owner & transaction history
Fvp Dso Panama City 2620 LLC · 3 yrs held
Fvp Dso Panama City 2620 LLC
since 2022
5 recorded transactions
Zoning & alternative use
PC09 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+69.1%
Retail stores
$780,000
+22.4%
Commercial (general)
$735,000
+15.5%
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
MEDICAL BUILDING
$640,000
Current use
OFFICE BUILDING
$1,080,000
Change: +69% · Conversion: Easy
RETAIL STORES
$780,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$735,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$131 / 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
$21,248
Tax year 2023
Assessed value
$1,212,969
Assessed 2023
Previous assessed
$1,190,545
+1.9% YoY
Effective rate
1.75%
On assessed value
Assessed land
$165,000
Assessed improvement
$1,047,969
Land market value
$165,000
Improvement market value
$1,047,969
Total market value
$1,212,969
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
10
Total area
5,052 SF
Lot
0.76 ac (33,000 SF)
Zoning code
PC09
APN
13003-055-000
UPID
US18-2699420
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
MEDICAL BUILDING Current
Est. value
$640,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$735,000
MEDICAL BUILDING Current
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
2020
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
10
Lot
0.76 ac
Current owner
From public records · entity-resolved
Fvp Dso Panama City 2620 LLC
Entity
Mailing address
15500 NEW BARN RD STE #104, MIAMI LAKES, FL 33014-2177
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Aug 8, 2022
—
Fvp Dso Panama City 2620 LLC
Fvp Dso Holdings LLC
Correction Deed
related
$5,000,000 · Black River Partners I LLC
Apr 27, 2022
$1,742,500
Fvp Dso Holdings LLC
Waterloo LLC
Special Warranty Deed
—
Mar 12, 2021
$1,560,000
Waterloo LLC
Genesis Re Holdings Panama City LLC
Quit Claim Deed
related
$1,248,000 · Cadence Bank NA
Jul 18, 2016
—
Genesis Real Estate Holdings Panama
—
Deed
related
$222,352 · Cadence Bank NA
Jul 15, 2016
$264,000
Genesis Real Estate Holdings
Hunter,charles T
Grant 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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