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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
3919 Hwy 390 Panama City, FL 32405-3285
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-1809178
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1990
Construction
STEEL FRAME
Total area
5,200 SF
Lot
0.81 ac (35,066 SF)
Zoning code
PC07
APN
11677-005-000
UPID
US18-1809178
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
Adishvar INC · 3 yrs held
Adishvar INC
since 2022
Last sale
$225,000
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
$3,992
Tax year 2023
Assessed value
$233,445
Assessed 2023
Previous assessed
$254,944
-8.4% YoY
Effective rate
1.71%
On assessed value
Assessed land
$210,394
Assessed improvement
$23,051
Land market value
$210,394
Improvement market value
$23,051
Total market value
$233,445
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
4
Total area
5,200 SF
Lot
0.81 ac (35,066 SF)
Zoning code
PC07
APN
11677-005-000
UPID
US18-1809178
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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Lot
0.81 ac
Current owner
From public records · entity-resolved
Adishvar INC
Entity
Free & Clear · 3 yrs held
Mailing address
109 GRAND HERON DR, PANAMA CITY BEACH, FL 32407-2407
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
$225,000
Adishvar INC
Nital Contractor
Warranty Deed
—
Oct 19, 2017
—
Adishvar INC
—
Deed
related
$120,000 · Centennial Bk
Jan 6, 2012
—
Adishvar LLC
—
Trustees Deed
related
$164,615 · Centennial Bank
Aug 11, 2005
$301,500
Navkar LLC
Adishvar INC
Warranty Deed
—
Jun 29, 2004
$650,000
Adishvar INC
Tate,robert E
Grant Deed
$450,000 · Coastal Community Bank
—
—
Adishvar INC
—
Deed Of Trust
related
—
—
—
Adishvar INC
—
Deed Of Trust
related
—
—
—
Adishvar INC
—
Deed Of Trust
related
$164,615 · Centennial Bank
—
—
Adishvar INC
—
Loan Modification
related
$354,884 · Centennial Bank
—
—
Adishvar INC
—
Deed Of Trust
related
$120,000 · Centennial Bk
—
—
Adishvar INC
—
Deed Of Trust
related
—
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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