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Property profile & analytics
FOR SALE
Medical Office Space
2636 Jenks Ave, Panama City, FL 32405
Entity Owned
~
Est. High Equity
Property ID
US18-3185850
For Sale
1 / 13
$700,000
2636 Jenks Ave, Panama City, FL 32405
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
WOOD
Total area
2,725 SF
Lot
0.39 ac (16,814 SF)
Zoning code
PC09
APN
13003-065-000
UPID
US18-3185850
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
-
Dr Michael Rohan Jr - Northwest Florida Spine Medical Clinic
-
Dr. Michael Rohan Physician
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
Painsmarsolutions LLC
Painsmarsolutions LLC
since 2025
Last sale
$675,000
4 recorded transactions
Zoning & alternative use
PC09 · 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
$4,232
Tax year 2023
Assessed value
$236,825
Assessed 2023
Previous assessed
$226,671
+4.5% YoY
Effective rate
1.79%
On assessed value
Assessed land
$84,070
Assessed improvement
$152,755
Land market value
$84,070
Improvement market value
$152,755
Total market value
$236,825
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
For Sale
Year built
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
12
Total area
2,725 SF
Lot
0.39 ac (16,814 SF)
Zoning code
PC09
APN
13003-065-000
UPID
US18-3185850
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.
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
12
Lot
0.39 ac
Current owner
From public records · entity-resolved
Painsmarsolutions LLC
Entity
Mailing address
2636 JENKS AVE, PANAMA CITY, FL 32405-4387
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2025
$675,000
Painsmarsolutions LLC
Panama City Spine Properties LLC
Warranty Deed
$675,000 · Whitney Bank
Oct 23, 2019
$370,000
Panama City Spine Properties LLC
Bernier Family Practice And Assc Pa
Warranty Deed
$370,000 · Whitney Bank
Oct 23, 2019
—
Panama City Spine Properties LLC
Aracelia Bernier
Warranty Deed
—
Jan 20, 2017
$250,000
Arcaceli Bener And Ber
Pater B Claussen
Warranty Deed
$500,000 · Whitney 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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