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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Assisted living facilities
3212 Jenks Ave, Panama City, FL 32405-4224
Entity Owned
~
Est. High Equity
Property ID
US18-7381002
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
69,709 SF
Lot
17.46 ac (760,558 SF)
Zoning code
PC05
APN
11740-040-000
UPID
US18-7381002
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
-
Pruitthealth - Panama City Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.79M
Owner & transaction history
Bay Healthcare Properties INC
Bay Healthcare Properties INC
since 2026
7 recorded transactions
Zoning & alternative use
PC05 · 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
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,755,000
Current use
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±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
$26 / 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
$203,781
Tax year 2023
Assessed value
$11,755,511
Assessed 2023
Previous assessed
$11,844,020
-0.7% YoY
Effective rate
1.73%
On assessed value
Assessed land
$1,396,800
Assessed improvement
$10,358,711
Land market value
$1,396,800
Improvement market value
$10,358,711
Total market value
$11,755,511
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Rooms
75
Total area
69,709 SF
Lot
17.46 ac (760,558 SF)
Zoning code
PC05
APN
11740-040-000
UPID
US18-7381002
Jurisdiction
BAY
Zoning & alternative use
PC05 · Panama City, FL
Zoning PC05 · permitted uses
PC05 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Rooms
75
Lot
17.46 ac
Current owner
From public records · entity-resolved
Bay Healthcare Properties INC
Entity
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
Ownership since
2026
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
Mar 6, 2026
$22,484,200
Bay Healthcare Properties INC
Psf Real Estate Investments LLC
Special Warranty Deed
—
Sep 12, 2022
$12,861,600
Psf Real Estate Investments LLC
Bay Healthcare Properties INC
Re-recorded Document
related
—
Sep 8, 2022
—
Psf Real Estate Investments LLC
Bay Healthcare Properties INC
Special Warranty Deed
—
May 17, 2017
—
Bay Healthcare Properties LLC
—
Deed
related
$13,000,000 · Synovus Bk
Jul 26, 2016
—
Bay Healthcare Properties INC
Beaver Creek Of Panama City
Quit Claim Deed
related
—
Jul 26, 2016
$2,100,000
Bay Healthcare Properties INC
Beaver Creek Of Panama City
Warranty Deed
—
Jun 2, 2004
$500,000
Beaver Creek Of Panama City
Harvey,p Mathis Tr
Grant Deed
$375,000 · Amsouth Bank
—
—
Bay Healthcare Properties LLC
—
Deed Of Trust
related
$13,000,000 · Synovus 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.
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