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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Assisted living facilities
3637 Hwy 390, Panama City, FL 32405-2728
Individually Owned
12-yr Hold
Free & Clear
Property ID
US18-4335436
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Construction
WOOD
Total area
94,000 SF
Lot
19.92 ac (867,715 SF)
Zoning code
PC09
APN
11761-000-000
UPID
US18-4335436
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
$1.23M
Owner & transaction history
Mathison Retirement Community · 12 yrs held
Mathison Retirement Community
since 2014
6 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
$13 / 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
$9,248
Tax year 2023
Assessed value
$5,658,507
Assessed 2023
Previous assessed
$5,795,567
-2.4% YoY
Effective rate
0.16%
On assessed value
Assessed land
$199,200
Assessed improvement
$5,459,307
Land market value
$199,200
Improvement market value
$5,459,307
Total market value
$5,658,507
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
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
74
Rooms
2
Bathrooms
2
Total area
94,000 SF
Lot
19.92 ac (867,715 SF)
Zoning code
PC09
APN
11761-000-000
UPID
US18-4335436
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
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
74
Rooms
2
Bathrooms
2
Lot
19.92 ac
Current owner
From public records · entity-resolved
Mathison Retirement Community
Individual
Free & Clear · 12 yrs held
Mailing address
1520 COOPER HL RD, IRONDALE, AL 35210-2303
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2018
—
Mathison Retirement Cmnty INC
—
Deed
related
$7,672,500 · Walker & Dunlop
Jun 18, 2014
$5,945,100
Mathison Retirement Community
Methodist Home For The Aging
Grant Deed
—
Jan 18, 2001
$3,676,900
Methodist Home For Aging
Bay County (fl)
Grant Deed
—
Apr 23, 1997
—
Bay County (fl)
Methodist Homes For The Aging
Grant Deed
$4,000,000 · Colonial Bank Fsb
—
—
Mathison Retirement Community
—
Loan Modification
related
—
—
—
Mathison Retirement Cmnty INC
—
Loan Modification
related
$7,672,500 · Walker & Dunlop
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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