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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Retail space
4117 Thomas Dr Panama City Beach, FL 32408-7307
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-1781449
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
STEEL FRAME
Total area
21,546 SF
Lot
2.01 ac (87,686 SF)
Zoning code
BC05
APN
31428-025-000
UPID
US18-1781449
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
$2.25M
Blend (final)
Blend
$1.87M
Owner & transaction history
S & A Of Panama City Beach Ltd · 14 yrs held
S & A Of Panama City Beach Ltd
since 2011
7 recorded transactions
Zoning & alternative use
BC05 · Panama City Beach, 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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Panama City Beach 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
RETAIL STORES
$3,100,000
Current use
MEDICAL BUILDING
$2,555,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$87 / 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
$20,429
Tax year 2023
Assessed value
$1,617,948
Assessed 2023
Previous assessed
$1,633,325
-0.9% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,046,760
Assessed improvement
$571,188
Land market value
$1,046,760
Improvement market value
$571,188
Total market value
$1,617,948
Applied tax rate
56.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
21,546 SF
Lot
2.01 ac (87,686 SF)
Zoning code
BC05
APN
31428-025-000
UPID
US18-1781449
Jurisdiction
BAY
Zoning & alternative use
BC05 · Panama City Beach, FL
Zoning BC05 · permitted uses
BC05 · Panama City Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Panama City Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES Current
MEDICAL BUILDING
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Lot
2.01 ac
Current owner
From public records · entity-resolved
S & A Of Panama City Beach Ltd
Entity
Mailing address
4117 THOMAS DR, PANAMA CITY BEACH, FL 32408-7307
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2017
—
S &a Of Panama City Beach Ltd
—
Deed
related
$10,530,275 · Summit Bank NA
Dec 16, 2011
$1,275,000
S & A Of Panama City Beach Ltd
Gulf Coast Cmnty Bk
Warranty Deed
$1,025,000 · Gulf Coast Community Bank
Jul 26, 2010
$50,100
Gulf Coast Cmnty Bk
A & Ch Properties LLC Coc
Trustees Deed
related
—
Dec 13, 2001
$354,400
Palace Development INC
Destin Gas Group I
Grant Deed
—
Sep 11, 2001
$472,500
Destin Gas Group I LLC
Mathis,harvey P
Grant Deed
$708,750 · Beach Community Bank
Sep 10, 2001
—
Harvey P Mathis
Fulton,james W & Richard R
Grant Deed
related
—
—
—
S & A Of Panama City Beach Ltd
—
Deed Of Trust
related
$200,000 · Gulf Coast Cmnty Bk
—
—
Palace Dev I LLC
—
Deed Of Trust
related
$2,600,000 · Banktrust
—
—
A & Ch Properties LLC
—
Deed Of Trust
related
$4,154,500 · Gulf Coast Community Bank
—
—
Palace Development I LLC
—
Deed Of Trust
related
$250,000 · Arjan & Michelle Dodani
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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