Entity Owned Property summary
AI-generated overview
Located at 2805 W 12th St, this office building was originally constructed in 1953 and contains approximately 7,884 square feet. The property is configured as a single unit and was comprehensively renovated, including installation of a new HVAC system, replacement of the electrical system with two new subpanels, new plumbing throughout, structural repairs with truss reinforcement, a roof system replacement, new insulation, new storefront system, and new windows; restoration and reinforcement of the original oak flooring are also included. The building is zoned GC-2 (General Commercial - 2 | Bay), and its layout and interior finish level are suited for office use as well as other commercial uses consistent with GC-2 zoning.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,884 SF
Lot
0.25 ac (10,802 SF)
Zoning code
PC10
APN
29802-010-000
UPID
US18-8322366
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$470k
Owner & transaction history
since 2024
Last sale
$470,000
1 recorded transaction
Zoning & alternative use
PC10 · Panama City, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$470k
Value range
$423k – $517k
±10% around blend
Estimated value / SF
$60 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$423k
blend $470k
$517k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,884 SF
Lot area
0.25 ac
Year built
1953
Stories
1
APN
29802-010-000
Zoning
PC10
Assessed value
$105,863
Annual tax
$1,626
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$470k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$56
+7%
Submarket 126 sales
$78
-24%
County 138 sales
$73
-19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $60/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$470k
Move the market yield to see immediate price impact.
Value / SF
$60
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$30k
$592k
$423k
$329k
$33k
$658k
$470k
$366k
$36k
$724k
$517k
$402k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,626
Tax year 2023
Assessed value
$105,863
Assessed 2023
Previous assessed
$105,863
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$62,651
Assessed improvement
$43,212
Land market value
$62,651
Improvement market value
$43,212
Total market value
$105,863
Applied tax rate
16.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
1
Rooms
3
Total area
7,884 SF
Lot
0.25 ac (10,802 SF)
Zoning code
PC10
APN
29802-010-000
UPID
US18-8322366
Jurisdiction
BAY
Zoning & alternative use
PC10 · Panama City, FLZoning PC10 · permitted uses
PC10 · Panama City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Rooms
3
Lot
0.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PC10
Jurisdiction
Panama City, FL
Recorded code
PC10
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PC10 in Panama City, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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