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    483 Richard Jackson Blvd Panama City Beach, FL 32407
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    Property profile & analytics

    483 Richard Jackson Blvd Panama City Beach, FL 32407

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    • Retail space
    • 105,093 SF
    • 12.62 lot acres
    For Lease
    $12,000/Mo
    View Listing →
    Panama City Beach Commercial Space For Lease
    $12,000/Mo
    7,860 SF

    Panama City Beach Commercial Space

    Open showroom space with offices, storage, and easy access.

    483 Richard Jackson Boulevard, Panama City Beach, FL 32407
    View Listing
    Property ID
    US18-2677692
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 483 Richard Jackson Blvd

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    12.62 lot acres
    Property size
    105,093 SF
    Zone code
    PCB22
    Property type
    Retail space
    APN
    34796-100-000
    APU
    34796100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,227,000
      Market price range: $5.69M - $22.8M
      AI Estimate
      $5,853,000
      Market price range: $3.93M - $13.2M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $12,475,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.8168
    Latitude
    30.1856
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $101,531
    $3,636,468
    $4,804,455
    $8,440,923
    -
    $3,636,468
    $4,804,455
    $8,440,923

    Comparable in this City

    • Value Estimation
      $940,000
      9,276 SF

      9703 Frnt Bch Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,276 SF
      9703 Frnt Bch Rd, Panama City Beach, FL 32407-4132
      View Details
    • Value Estimation
      $745,000
      6,420 SF

      10514 Frnt Bch Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,420 SF
      10514 Frnt Bch Rd, Panama City Beach, FL 32407-3516
      View Details
    • Value Estimation
      $1,330,000
      11,070 SF

      11210 Frnt Bch Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,070 SF
      11210 Frnt Bch Rd, Panama City Beach, FL 32407-3667
      View Details
    • Value Estimation
      $815,000
      7,005 SF

      11501 Hutchison Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,005 SF
      11501 Hutchison Blvd, Panama City Beach, FL 32407-3746
      View Details
    • Value Estimation by Request
      3,938 SF

      13416 Frnt Bch Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,938 SF
      13416 Frnt Bch Rd, Panama City Beach, FL 32407-3323
      View Details
    • Value Estimation
      $625,000
      5,696 SF

      9998 A Hutchison Bv

      RETAIL STORES (PERSONAL SERVICES) • 5,696 SF
      9998 A Hutchison Bv, Panama City Beach, FL 32407
      View Details

    Similar Nearby for Sale

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      0.92 Acres

      Prime Commercial Land Opportunity

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      Panama City Beach Retail Opportunity

      Versatile commercial property with retail and warehouse space in Florida.
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      Retail Property on High-Traffic Highway

      Retail property with high visibility and income-generating potential.
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      Freestanding Retail Building For Sale

      4,100 SF freestanding retail building on Panama City Beach Parkway.
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      Two adjoining commercial parcels near Pier Park with high visibility.
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    Similar Nearby for Lease

    • $1,500 /Mo
      1,016 SF

      Promenade Mall Office/Retail Space

      Office or retail space in open-air Promenade Mall.
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      View Details
    • Contact for pricing
      23,852 SF

      Retail Space in Panama City

      Retail space for lease in Panama City Beach, Florida.
      9950 Hutchison Blvd, Panama City Beach, FL 32407
      View Details
    • $2,200 /Mo
      88,550 SF

      Retail Space in Beachwalk Center

      1,200 SF retail space in high-traffic Panama City Beach.
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      View Details
    • $25 SF/Yr
      42,004 SF

      Retail/Showroom Space in Panama City Beach

      4,284 SF retail/showroom space with high visibility.
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    • $32 SF/Yr

      Pad-Ready Site in Panama City

      Pad-ready site ideal for retail or restaurant in Panama City.
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      View Details
    • $21 SF/Yr

      Retail and Office Space Available

      Retail and office spaces with ample parking in Panama City Beach.
      9998 Hutchison Blvd, Panama City Beach, FL 32407
      View Details
    View Listing
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    Panama City Beach, FL 32407
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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