Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Day care centers
6109 Cherry St Panama City, FL 32404-7958
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-4452322
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2001
Construction
STEEL FRAME
Total area
9,796 SF
Lot
3.4 ac (148,104 SF)
Zoning code
CLWY23
APN
06180-000-000
UPID
US18-4452322
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
Current use
Occupant on record · Public records
-
Stacey Fun In the Sun 3 Pre - School Inc. High School Daycare Center
-
L.A. Youth Center Daycare Center
-
Daycare High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$645k
Owner & transaction history
Staceys Fun In The Sun 3 Pre School · 2 yrs held
Staceys Fun In The Sun 3 Pre School
since 2024
Last sale
$645,000
7 recorded transactions
Zoning & alternative use
CLWY23 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$805,000
+5.4%
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
$645,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$765,000
Current use
RESTAURANT
$805,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$655,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$645,000
Change: -16% · Conversion: Difficult
MEDICAL BUILDING
$630,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $645k (Feb 7 2024)
Last sale anchor
$645k
Feb 7 2024
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
$66 / 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
Assessed value
$571,930
Assessed 2023
Previous assessed
$571,930
+0.0% YoY
Assessed land
$271,830
Assessed improvement
$300,100
Land market value
$271,830
Improvement market value
$300,100
Total market value
$571,930
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
10
Bathrooms
2
Total area
9,796 SF
Lot
3.4 ac (148,104 SF)
Zoning code
CLWY23
APN
06180-000-000
UPID
US18-4452322
Jurisdiction
BAY
Zoning & alternative use
CLWY23 · Panama City, FLZoning CLWY23 · permitted uses
CLWY23 · Panama City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$765,000
RESTAURANT
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$655,000
RETAIL STORES
Est. value
$645,000
MEDICAL BUILDING
Est. value
$630,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
10
Bathrooms
2
Lot
3.4 ac
Current owner
From public records · entity-resolved
Staceys Fun In The Sun 3 Pre School
Individual
Free & Clear · 2 yrs held
Mailing address
6109 CHERRY ST, PANAMA CITY, FL 32404-7958
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
$635,800
Staceys Fun In The Sun 3 Pre School
Staceys Fun In The Sun Pre School I
Correction Deed
related
—
Feb 7, 2024
—
Staceys Fun In The Sun 3 Pre School
Staceys Fun In The Sun Pre School I
Intrafamily Transfer
related
—
Jul 2, 2018
$645,000
Staceys Fun In The Sun Pre School I
Lil Angles Child Care Center INC
Warranty Deed
—
Feb 22, 2018
—
Lil Angels Child Care Centers
—
Deed
related
$210,000 · Peoplessouth Bk
Dec 21, 2011
—
Lil Angels Child Care Centers
—
Trustees Deed
related
$204,030 · Regions Bank
Jun 30, 2000
—
Lil Angels Child Care Center
—
Grant Deed
related
$525,000 · Regions Bank
Jun 22, 1999
$115,000
Lil Angels Child Care Centers
Bennett,ronald J
Grant Deed
$92,000 · Peoples First Community Bank
Jun 26, 1998
$20,000
Ronald J Bennett
Hill,ira L
Grant Deed
$45,000 · Owen S Trappe Trustee
—
—
Lil Angels Child Care Centers
—
Loan Modification
related
—
—
—
Lil Angels Child Care Centers
—
Loan Modification
related
—
—
—
Lil Angels Child Care Centers
—
Loan Modification
related
$210,000 · Peoplessouth Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6109 Cherry St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
