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Property profile & analytics
OFF-MARKET
Automotive properties
2816 Hwy 98 Panama City, FL 32401-1247
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-9913994
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1957
Construction
WOOD
Total area
910 SF
Lot
0.52 ac (22,782 SF)
Zoning code
PC09
APN
29506-000-000
UPID
US18-9913994
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Santoro & Patel Holdings LLC · 4 yrs held
Santoro & Patel Holdings LLC
since 2021
Last sale
$145,590
7 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
$2,646
Tax year 2023
Assessed value
$180,191
Assessed 2023
Previous assessed
$124,971
+44.2% YoY
Effective rate
1.47%
On assessed value
Assessed land
$164,257
Assessed improvement
$15,934
Land market value
$164,257
Improvement market value
$15,934
Total market value
$180,191
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
910 SF
Lot
0.52 ac (22,782 SF)
Zoning code
PC09
APN
29506-000-000
UPID
US18-9913994
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
1957
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Santoro & Patel Holdings LLC
Entity
Mailing address
2816 W HWY 98, PANAMA CITY, FL 32401-1247
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
$145,590
Santoro & Patel Holdings LLC
Contracting Association Solutions L
Warranty Deed
—
Dec 31, 2019
—
Contracting Association Solutions L
—
Deed
related
$147,398 · Regions Bank
Nov 30, 2018
—
Contracting Association Soluti
Triad Energy LLC
Warranty Deed
$157,500 · Triad Energy LLC
Mar 25, 2014
—
Triad Energy LLC
Jorgensen,lloyd P
Quit Claim Deed
related
—
Feb 18, 2014
—
Lloyd P Jorgensen
Daylight Auto Financing LLC
Quit Claim Deed
related
—
Sep 26, 2008
$265,000
Daylight Auto Financing LLC
Solid Equities INC
Warranty Deed
$165,000 · Solid Equities INC
Jan 24, 2008
$192,500
Solid Equities INC
Danna,robert C & Christy M
Warranty Deed
—
Sep 25, 2000
$195,000
Robert C Danna
Rutherford,carl L & Donna D
Grant Deed
—
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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