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    4114 Jan Cooley Dr Panama City Beach, FL 32408-7421
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    Property profile & analytics

    4114 Jan Cooley Dr Panama City Beach, FL 32408-7421

    View on Map
    • Hotels
    • 18,957 SF
    • 11.04 lot acres
    Off-Market
    Property ID
    US18-5099648
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,465,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 4114 Jan Cooley Dr

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.04 lot acres
    Property size
    18,957 SF
    Zone code
    BC22
    Property type
    Hotels
    APN
    31375-010-000
    APU
    31375010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,045,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,980,000
      6.5%
      $1,830,000
      7%
      $1,700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,519,000
      Market price range: $309k - $1.52M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.7232
    Latitude
    30.1392
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $210,034
    $2,208,600
    $14,574,664
    $16,783,264
    -
    $2,208,600
    $14,574,664
    $16,783,264

    Comparable in this City

    • Value Estimation
      $2,595,000
      50,929 SF

      7115 Coastal Palms Blvd

      HOTEL • 50,929 SF
      7115 Coastal Palms Blvd, Panama City Beach, FL 32408-4986
      View Details
    • Value Estimation
      $3,865,000
      55,624 SF

      9600 Thomas Dr

      HOTEL-RESORT • 55,624 SF
      9600 Thomas Dr, Panama City Beach, FL 32408-4234
      View Details
    • Value Estimation
      $3,905,000
      73,152 SF

      9500 Thomas Dr

      MOTEL • 73,152 SF
      9500 Thomas Dr, Panama City Beach, FL 32408-4214
      View Details
    • Value Estimation
      $885,000
      15,756 SF

      8101 Surf Dr

      MOTEL • 15,756 SF
      8101 Surf Dr, Panama City Beach, FL 32408-4709
      View Details
    • Value Estimation
      $790,000
      12,410 SF

      8109 Surf Dr

      MOTEL • 12,410 SF
      8109 Surf Dr, Panama City Beach, FL 32408-4709
      View Details
    • Value Estimation
      $690,000
      8,051 SF

      8507 Surf Dr

      MOTEL • 8,051 SF
      8507 Surf Dr, Panama City Beach, FL 32408-4716
      View Details

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      7,723 SF

      Beachfront Inn Investment Opportunity

      Income-producing 11-unit inn with expansion potential on over half-acre.
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      Updated Condo with Lake Views

      Tastefully decorated, fully furnished condo with lake views and resort amenities.
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      Gulf View Commercial Opportunity

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      Gulf-Front Property in Panama City

      0.29-acre Gulf-front property with mixed-use zoning and development potential.
      5403 Gulf Dr, Panama City, FL 32408
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    • $119,000
      0.11 Acres

      Waterfront Lot in Gated Community

      Waterfront lot in gated community with upscale amenities near beaches.
      5408 Hopetown Ln, Panama City Beach, FL 32408
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    Similar Nearby for Lease

    • $2,500 /Mo

      Office Space Near US Highway

      Office space available near US Highway 98 and Navy Base.
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    • $575 /Mo
      16,278 SF

      Furnished Office Space For Rent

      Turn-key, furnished office space with utilities included for rent.
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      19,338 SF

      Retail Space on Thomas Drive

      Retail space with high visibility and loading dock access.
      2533 Thomas Dr, Panama City, FL 32408
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      1,200 SF

      Retail Space in Panama City

      Retail space available in Publix-anchored shopping center.
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      Panama City Industrial Spaces Available

      Industrial spaces available for lease in Panama City, Florida.
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    • $213,000
      5,000 SF

      Panama City Commercial Space Available

      Versatile commercial space suitable for warehouse, retail, or office use.
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      View Details
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    Panama City Beach, FL 32408-7421
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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