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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Motels
4909 Hispaniola Ave Panama City Beach, FL 32408-6910
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-0295638
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,484 SF
Lot
0.34 ac (15,000 SF)
Zoning code
BC23
APN
31684-000-000
UPID
US18-0295638
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
$1.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Vihar 4021 LLC · 7 yrs held
Vihar 4021 LLC
since 2018
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,200,000
6.5%
$1,110,000
7%
$1,030,000
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$80 / 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
$10,538
Tax year 2023
Assessed value
$826,848
Assessed 2023
Previous assessed
$820,319
+0.8% YoY
Effective rate
1.27%
On assessed value
Assessed land
$300,000
Assessed improvement
$526,848
Land market value
$300,000
Improvement market value
$526,848
Total market value
$826,848
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
3
Units
20
Rooms
18
Total area
11,484 SF
Lot
0.34 ac (15,000 SF)
Zoning code
BC23
APN
31684-000-000
UPID
US18-0295638
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
20
Rooms
18
Lot
0.34 ac
Current owner
From public records · entity-resolved
Vihar 4021 LLC
Entity
Mailing address
PO BOX 18919, PANAMA CITY BEACH, FL 32417-8919
Ownership since
2018
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
Dec 4, 2018
$1,200,000
Vihar 4021 LLC
Land Trust Services Corporation
Warranty Deed
$900,000 · Innovations FCU
Jul 13, 2012
—
Trust 4909
Trust 4909
Quit Claim Deed
—
Dec 31, 2009
—
Trust 4909
Dive Inn USA INC
Warranty Deed
—
Feb 18, 2004
$850,000
Dive Inn USA INC
Aqua View Dive Inn LLC
Grant Deed
related
—
—
—
Trust 4909
—
Deed Of Trust
related
$680,000 · First Nat'l Bk/nw Fl
—
—
Land Trust Service Corp
—
Deed Of Trust
related
$680,000 · Red Dive LLC
—
—
Dive Inn USA INC
—
Deed Of Trust
related
$400,000 · Peoples First 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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