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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Warehouses
5011 Hwy 22 Panama City, FL 32404-6318
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US19-0628322
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2009
Construction
STEEL FRAME
Total area
5,500 SF
Lot
0.88 ac (38,280 SF)
Zoning code
CLWY04
APN
24444-010-000
UPID
US19-0628322
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
$760k
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$600k
Owner & transaction history
Florida Firest Capital Finance · 10 yrs held
Florida Firest Capital Finance
since 2016
6 recorded transactions
Zoning & alternative use
CLWY04 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$790,000
+84.4%
Commercial (general)
$785,000
+82.9%
Medical building
$655,000
+52.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$430,000
Current use
RETAIL STORES
$790,000
Change: +84% · Conversion: Moderate
COMMERCIAL (GENERAL)
$785,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$655,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$430,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$109 / 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
$6,721
Tax year 2023
Assessed value
$531,873
Assessed 2023
Previous assessed
$462,455
+15.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$191,400
Assessed improvement
$340,473
Land market value
$191,400
Improvement market value
$340,473
Total market value
$531,873
Applied tax rate
2.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
44
Rooms
2
Total area
5,500 SF
Lot
0.88 ac (38,280 SF)
Zoning code
CLWY04
APN
24444-010-000
UPID
US19-0628322
Jurisdiction
BAY
Zoning & alternative use
CLWY04 · Panama City, FL
Zoning CLWY04 · permitted uses
CLWY04 · Panama City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Panama City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$430,000
RETAIL STORES
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$785,000
MEDICAL BUILDING
Est. value
$655,000
INDUSTRIAL (GENERAL)
Est. value
$430,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
44
Rooms
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Florida Firest Capital Finance
Entity
Mailing address
5011 E HWY 22, PANAMA CITY, FL 32404-6318
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2022
—
Storage Depot Of Panama City INC
—
Deed
related
$970,000 · First Federal Bank
Mar 24, 2016
$83,000
Florida Firest Capital Finance
Storage Depot Of Panama City INC
Grant Deed
related
—
Dec 4, 2014
—
Storage Depot Of Panama City INC
Jeremy J Odom
Warranty Deed
$318,525 · First Federal Bank Of Florida
Jul 9, 2007
$132,000
Jeremy Odom
Morrison W C & G J Trust
Warranty Deed
$103,500 · Bay Bank Trust Co
—
—
Jeremy J Odom
—
Deed Of Trust
related
$239,827 · Chipola Community Bank
—
—
Jeremy J Odom
—
Deed Of Trust
related
$260,000 · First Capital Bank Ssb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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