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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Motels
4411 Hwy 98 Panama City, FL 32401-1024
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-4050706
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,361 SF
Lot
1.06 ac (46,174 SF)
Zoning code
PC09
APN
28338-000-000
UPID
US18-4050706
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
$1.31M
Owner & transaction history
Schuchi Of Panama City INC · 8 yrs held
Schuchi Of Panama City INC
since 2017
7 recorded transactions
Zoning & alternative use
PC09 · Panama City, FL
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
$56 / 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
$8,417
Tax year 2023
Assessed value
$486,522
Assessed 2023
Previous assessed
$524,535
-7.2% YoY
Effective rate
1.73%
On assessed value
Assessed land
$238,500
Assessed improvement
$248,022
Land market value
$238,500
Improvement market value
$248,022
Total market value
$486,522
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
2
Units
51
Rooms
2
Total area
23,361 SF
Lot
1.06 ac (46,174 SF)
Zoning code
PC09
APN
28338-000-000
UPID
US18-4050706
Jurisdiction
BAY
Zoning & alternative use
PC09 · Panama City, FLZoning 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
Source
code of ordinances
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
51
Rooms
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Schuchi Of Panama City INC
Entity
Mailing address
4411 W HWY 98, PANAMA CITY, FL 32401-1024
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
May 4, 2018
—
Ganpatbhai C Patel
—
Deed
related
—
Nov 13, 2017
—
Schuchi Of Panama City INC
Pravinkumar C Patel
Correction Deed
related
$150,000 · Trustmark National Bank
May 5, 2008
—
Prakash C Patel
Prakash Patel
Intrafamily Transfer
related
$900,000 · Bay Bank & Trust Co
Jan 26, 2000
$1,175,000
Prakash C Patel
Patel,sumant M & Gita S
Grant Deed
related
$1,175,000 · Seller
—
—
Ganpatbhai C Patel
—
Loan Modification
related
—
—
—
Ganpatbhai C Patel
—
Loan Modification
related
—
—
—
Ganpatbhai C Patel
—
Deed Of Trust
related
$897,191 · Bay Bank Trust Co
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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