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Property profile & analytics
FOR SALE
Medical Office Space
316 W 11Th St Panama City, FL 32401
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0459631
For Sale
1 / 50
$385,000
316 W 11Th St, Panama City, FL 32401
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,674 SF
Lot
0.34 ac (14,950 SF)
Zoning code
PC07
APN
18534-000-000
UPID
US18-0459631
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
-
Taba Studios Panama City Tattoo & Piercing Shop
-
Lady Luck Tattoo Tattoo & Piercing Shop
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
Average Joes Properties LLC · 5 yrs held
Average Joes Properties LLC
since 2021
Last sale
$158,000
7 recorded transactions
Zoning & alternative use
PC07 · 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
$2,316
Tax year 2023
Assessed value
$132,590
Assessed 2023
Previous assessed
$132,590
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$74,750
Assessed improvement
$57,840
Land market value
$74,750
Improvement market value
$57,840
Total market value
$132,590
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
11
Total area
1,674 SF
Lot
0.34 ac (14,950 SF)
Zoning code
PC07
APN
18534-000-000
UPID
US18-0459631
Jurisdiction
BAY
Zoning & alternative use
PC07 · Panama City, FL
Zoning PC07 · permitted uses
PC07 · 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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
11
Lot
0.34 ac
Current owner
From public records · entity-resolved
Average Joes Properties LLC
Entity
Mailing address
606 SABAL PALM WAY, PANAMA CITY BEACH, FL 32408-7747
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2021
—
Average Joes Properties LLC
Nancy Kanso
Correction Deed
related
—
Sep 14, 2020
$1,106
Average Joe Properties LLC
Nancy Kapso
Warranty Deed
—
Sep 14, 2020
—
Average Joes Properties LLC
—
Deed
related
$120,000 · Pinnacle Bk
Jul 2, 2012
$14,000
Nancy Kanso
Jarreau,allen J
Quit Claim Deed
related
—
Dec 28, 2010
$115,000
Allen J Jarreau
Elemul LLC
Warranty Deed
$92,000 · Elemul LLC
Dec 28, 2010
—
Elemul LLC
Benton,fredericka B
Affidavit Of Death
related
—
Nov 17, 2005
$100,000
Elemul LLC
Benton,john J
Warranty Deed
—
—
—
Allen Jarreau
—
Deed Of Trust
related
—
—
—
Average Joes Properties LLC
—
Deed Of Trust
related
$120,000 · Pinnacle Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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