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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Hotels
4306 Hwy 98 Panama City, FL 32401-1175
Entity Owned
19-yr Hold
Free & Clear
Property ID
US19-0290136
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,455 SF
Lot
0.77 ac (33,528 SF)
Zoning code
PC09
APN
28238-020-000
UPID
US19-0290136
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
-
Ramada by Wyndham Panama City Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Three Brothers Of Panama City LLC · 19 yrs held
Three Brothers Of Panama City LLC
since 2006
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,870,000
6.5%
$2,650,000
7%
$2,460,000
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±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
$76 / 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
$34,718
Tax year 2023
Assessed value
$1,995,974
Assessed 2023
Previous assessed
$1,936,844
+3.1% YoY
Effective rate
1.74%
On assessed value
Assessed land
$345,338
Assessed improvement
$1,650,636
Land market value
$345,338
Improvement market value
$1,650,636
Total market value
$1,995,974
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
49
Rooms
49
Total area
27,455 SF
Lot
0.77 ac (33,528 SF)
Zoning code
PC09
APN
28238-020-000
UPID
US19-0290136
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
49
Rooms
49
Lot
0.77 ac
Current owner
From public records · entity-resolved
Three Brothers Of Panama City LLC
Entity
Free & Clear · 19 yrs held
Mailing address
4306 W HWY 98, PANAMA CITY, FL 32401-1175
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2019
—
Omganeshaya Namaha LLC
—
Deed
related
$2,289,000 · Trustmark National Bank
Aug 24, 2006
—
Three Brothers Of Panama City LLC
—
Trustees Deed
related
$2,600,000 · Coastal Community Bank
Aug 23, 2006
—
Three Brothers Of Panama City LLC
Patel,pravin C
Grant Deed
—
Jan 13, 2006
$399,000
Pravin C Patel
Patel,bhikhu
Warranty Deed
related
—
Sep 11, 2003
$158,000
Bhikhu Patel
Centurion I INC
Grant Deed
—
—
—
Three Brothers Of Panama City
—
Deed Of Trust
related
—
—
—
Three Brothers Of Panama City
—
Deed Of Trust
related
$3,000,000 · Coastal Community Bank
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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