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Property profile & analytics
OFF-MARKET
Estimated value
$8,250,000
Retail residential properties
4702 Thomas Dr Panama City Beach, FL 32408-7315
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5490775
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2002
Construction
STEEL FRAME
Total area
5,728 SF
Lot
5.32 ac (231,783 SF)
Zoning code
BC23
APN
31428-020-000
UPID
US18-5490775
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
$7.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.25M
Owner & transaction history
Tg Rv Legacy LLC · 4 yrs held
Tg Rv Legacy LLC
since 2021
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
BC23 · 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
$8,820,000
ML approach
$7,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.25M
Range $7.43M – $9.08M · ±10% · vs last sale $10.01M (Jul 13 2021)
Last sale anchor
$10.01M
Jul 13 2021
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
$1,440 / 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
$31,860
Tax year 2023
Assessed value
$2,532,238
Assessed 2023
Previous assessed
$2,479,897
+2.1% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,644,189
Assessed improvement
$888,049
Land market value
$1,644,189
Improvement market value
$888,049
Total market value
$2,532,238
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
12
Total area
5,728 SF
Lot
5.32 ac (231,783 SF)
Zoning code
BC23
APN
31428-020-000
UPID
US18-5490775
Jurisdiction
BAY
Zoning & alternative use
BC23 · Panama City Beach, FL
Zoning BC23 · permitted uses
BC23 · 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.
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
12
Lot
5.32 ac
Current owner
From public records · entity-resolved
Tg Rv Legacy LLC
Entity
Mailing address
PO BOX 56607, ATLANTA, GA 30343-0607
Ownership since
2021
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
Jul 13, 2021
—
Tg Rv Legacy LLC
Pcb Rv Resort LLC
Quit Claim Deed
—
Jul 13, 2021
$10,010,000
Bvts Florida Rv Owner LLC
Pcb Rv Resort LLC
Special Warranty Deed
$22,525,000 · Wells Fargo Bank NA
Jul 3, 2018
—
Pcb Rv Resort LLC
—
Deed
related
$3,050,000 · Unity Bank
May 4, 2015
$17,500
Pcb Rv Resort LLC
Gulf Coast Cmnty Bk
Grant Deed
—
Mar 27, 2008
—
Noric Panama City Beach LLC
Patronis John T
Quit Claim Deed
related
—
Jul 13, 2001
$1,300,000
Noric Panama City Beach LLC
Venture Property Ltd
Grant Deed
$3,700,000 · Colonial Bank
—
—
A & Ch Properties LLC
—
Deed Of Trust
related
$61,000 · Gulf Coast 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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