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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Manufacturing properties
3825 Hwy 390 Panama City, FL 32405-3229
Individually Owned
Free & Clear
Property ID
US18-0497314
Property summary
AI-generated overview
This exceptional single-tenant warehouse, located at 3825 W Highway 390 in Panama City, Florida (zip code 32405), offers 3,000 square feet of climate-controlled space, ideal for a variety of businesses. The property boasts a convenient location with direct Highway 390 frontage, ensuring high visibility and easy access. A private drive and parking lot provide ample space for customers and employees. The warehouse features modern amenities including LED lighting and a private bathroom. The large 14-foot-wide door facilitates easy loading and unloading of goods. The property is zoned for industrial use, allowing for a wide range of potential applications, from small businesses to larger national tenants. While currently 3,000 square feet, there's potential for expansion up to a total of 6,450 square feet, subject to necessary permits and approvals. The property is available immediately and presents a rare opportunity to acquire a well-maintained, highly visible warehouse in a thriving Panama City location. The APN is 11741-070-000. The lot size is not currently available.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Construction
STEEL FRAME
Total area
49,000 SF
Lot
4.06 ac (176,636 SF)
Zoning code
PC11
APN
11741-070-000
UPID
US18-0497314
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
$2.88M
Blend (final)
Blend
$2.38M
Owner & transaction history
GAYESKI FURNITURE COORDINATES
GAYESKI FURNITURE COORDINATES
Zoning & alternative use
PC11 · 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
INDUSTRIAL (GENERAL)
$3,845,000
Current use
WAREHOUSE, STORAGE
$3,190,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±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
$48 / 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
$8,360
Tax year 2023
Assessed value
$556,408
Assessed 2023
Previous assessed
$556,408
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$263,575
Assessed improvement
$292,833
Land market value
$263,575
Improvement market value
$292,833
Total market value
$556,408
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Rooms
3
Bathrooms
300
Total area
49,000 SF
Lot
4.06 ac (176,636 SF)
Zoning code
PC11
APN
11741-070-000
UPID
US18-0497314
Jurisdiction
BAY
Zoning & alternative use
PC11 · Panama City, FL
Zoning PC11 · permitted uses
PC11 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1979
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
3
Bathrooms
300
Lot
4.06 ac
Current owner
From public records · entity-resolved
GAYESKI FURNITURE COORDINATES
Individual
Free & Clear · 0 yrs held
Mailing address
3825 W HWY 390, PANAMA CITY, FL 32405-3229
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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