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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Retail space
5904 Thomas Dr Panama City Beach, FL 32408
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0457011
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
STEEL FRAME
Total area
17,656 SF
Lot
0.51 ac (22,000 SF)
Zoning code
BC03
APN
32101-000-000
UPID
US18-0457011
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
by Request
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$640k
Owner & transaction history
B & K Beach Ents LLC · 12 yrs held
B & K Beach Ents LLC
since 2014
7 recorded transactions
Zoning & alternative use
BC03 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$36 / 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
$9,539
Tax year 2023
Assessed value
$747,003
Assessed 2023
Previous assessed
$783,024
-4.6% YoY
Effective rate
1.28%
On assessed value
Assessed land
$544,720
Assessed improvement
$202,283
Land market value
$544,720
Improvement market value
$202,283
Total market value
$747,003
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
17,656 SF
Lot
0.51 ac (22,000 SF)
Zoning code
BC03
APN
32101-000-000
UPID
US18-0457011
Jurisdiction
BAY
Zoning & alternative use
BC03 · Panama City Beach, FL
Zoning BC03 · permitted uses
BC03 · 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
1974
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Lot
0.51 ac
Current owner
From public records · entity-resolved
B & K Beach Ents LLC
Entity
Mailing address
1155 PERIMETER CTR W, PENSACOLA, FL 32505
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Aug 8, 2018
—
B & K Beach Enterprise LLC
—
Deed
related
$554,435 · Trustmark National Bank
Jan 27, 2014
—
B & K Beach Ents LLC
Synovus Bk
Grant Deed
related
—
Mar 18, 2011
$39,000
Robin Rheuby
Regions Bk
Grant Deed
—
Apr 13, 2005
$1,600,000
Biltmore Beach LLC
Moseley Holdings
Warranty Deed
$1,200,000 · Vanguard Bank & Trust Co
Feb 5, 1999
$340,000
Moseley Family LP
Moseley,mark E & Kathryn L
Quit Claim Deed
related
—
—
—
B & K Beach Ent LLC
—
Deed Of Trust
related
$510,000 · Hancock Bk
—
—
Moseley Holdings Limited
—
Deed Of Trust
related
$425,000 · Regions 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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