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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Automotive properties
4200 23rd St Panama City, FL 32405-1319
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4179365
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
512 SF
Lot
0.45 ac (19,733 SF)
Zoning code
PC09
APN
27087-010-000
UPID
US18-4179365
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
Current use
Occupant on record · Public records
-
Corams on the Road Take-out & Catering Catering Service
-
Salty Dogs Dolphin & Adventure Tours (Bike/Boat/Book/etc) Store
-
Hideaway Pontoon Rentals Boat Rental Service Marina
-
Dolphin Tours (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Cdz Properties LLC · 2 yrs held
Cdz Properties LLC
since 2023
Last sale
$645,000
7 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
Method
Estimation
Statistic approach
$550,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $645k (Dec 5 2023)
Last sale anchor
$645k
Dec 5 2023
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
$1,162 / 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
$2,702
Tax year 2023
Assessed value
$157,005
Assessed 2023
Previous assessed
$149,499
+5.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$149,499
Assessed improvement
$7,506
Land market value
$149,499
Improvement market value
$7,506
Total market value
$157,005
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
2
Total area
512 SF
Lot
0.45 ac (19,733 SF)
Zoning code
PC09
APN
27087-010-000
UPID
US18-4179365
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Cdz Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2307 MOUND AVE, PANAMA CITY, FL 32405-1272
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
—
Cdz Properties LLC
Charles Jay Zirbel
Quit Claim Deed
related
—
Apr 6, 2021
$645,000
Charles Jay Zirbel
Mark Hezinger
Warranty Deed
—
Sep 27, 2019
—
Eftim Eftimov
Mel LLC
Quit Claim Deed
related
—
Sep 27, 2019
$400,000
Mark Hezinger
Eftim Eftimov
Warranty Deed
—
May 7, 2019
—
Eftim Eftimof
Mel LLC
Quit Claim Deed
related
—
Nov 14, 2017
—
Mel LLC
Eftimov,eftim
Warranty Deed
—
Jun 4, 2015
$330,000
Efrim Eftimov
Servisfirst Bank INC
Special Warranty Deed
—
Oct 19, 2004
$1,600,000
Bay Harbor Dev LLC
Allen,william D & Merrie D
Warranty Deed
$1,400,000 · William D & Merrie D Allen
May 20, 2002
$180,000
William D Allen
Allens Seafood Restaurant INC
Grant Deed
related
$180,000 · Rona M Vines
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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