Entity Owned Property summary
AI-generated overview
This retail space comprises 2,725 square feet within the Bay City Point development in Panama City, Florida. The unit is positioned at the intersection of Highway 77 and East 23rd Street, in an area with reported traffic volumes exceeding 60,000 AADT, and is located directly across from a shopping center anchored by Target and featuring retailers including Dillard's, JC Penney, Sears, and Bed Bath & Beyond. The surrounding trade area includes multiple major national retailers such as Kohl's, Home Depot, Lowe's, Walmart, Publix, TJ Maxx, Hobby Lobby, and PetSmart, and is supported by nearby residential neighborhoods and a concentration of daytime employment. The space is configured for retail use and has been offered under a triple-net (NNN) lease structure.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2017
Construction
WOOD
Total area
8,030 SF
Lot
2.25 ac (98,000 SF)
Zoning code
PC09
APN
14602-100-010
UPID
US18-8287229
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Take-out & Catering Catering Service
-
Shopping Center & Mall
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.86M
Owner & transaction history
since 2022
Last sale
$10.8M
2 recorded transactions
Zoning & alternative use
PC09 · Panama City, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.86M
Value range
$7.97M – $9.75M
±10% around blend
Estimated value / SF
$1,103 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$7.97M
blend $8.86M
$9.75M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,030 SF
Lot area
2.25 ac
Year built
2017
APN
14602-100-010
Zoning
PC09
Assessed value
$7,110,309
Annual tax
$115,684
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.86M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 81 sales
$146
+657%
Submarket 387 sales
$149
+639%
County 424 sales
$149
+642%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $1,103/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.75M
Move the market yield to see immediate price impact.
Value / SF
$1,339
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$677k
$13.55M
$9.68M
$7.53M
$753k
$15.05M
$10.75M
$8.36M
$828k
$16.56M
$11.82M
$9.20M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$115,684
Tax year 2023
Assessed value
$7,110,309
Assessed 2023
Previous assessed
$3,080,864
+130.8% YoY
Effective rate
1.63%
On assessed value
Assessed land
$4,900,000
Assessed improvement
$2,210,309
Land market value
$4,900,000
Improvement market value
$2,210,309
Total market value
$7,110,309
Applied tax rate
16.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Rooms
16
Total area
8,030 SF
Lot
2.25 ac (98,000 SF)
Zoning code
PC09
APN
14602-100-010
UPID
US18-8287229
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
Building & site characteristics
From public records
Year built
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Rooms
16
Lot
2.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PC09
Jurisdiction
Panama City, FL
Recorded code
PC09
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PC09 in Panama City, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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