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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Warehouses
6804 Byu George Dr Panama City, FL 32404-5044
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6116946
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
WOOD
Total area
4,100 SF
Lot
10.35 ac (450,846 SF)
APN
05551-006-000
UPID
US18-6116946
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
-
Mr. Fence of Florida General Contractor Construction Company
-
Mr Gate General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$785k
Owner & transaction history
Ami 103 LLC · 2 yrs held
Ami 103 LLC
since 2024
Last sale
$785,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$875,000
+173.8%
Retail stores
$590,000
+84.4%
Commercial (general)
$585,000
+82.9%
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
$785,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$875,000
Change: +174% · Conversion: Difficult
RETAIL STORES
$590,000
Change: +84% · Conversion: Moderate
COMMERCIAL (GENERAL)
$585,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$485,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $785k (Feb 16 2024)
Last sale anchor
$785k
Feb 16 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
$191 / 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
$6,486
Tax year 2023
Assessed value
$501,943
Assessed 2023
Previous assessed
$501,943
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$341,550
Assessed improvement
$160,393
Land market value
$341,550
Improvement market value
$160,393
Total market value
$501,943
Applied tax rate
55.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
1
Rooms
3
Bathrooms
3
Total area
4,100 SF
Lot
10.35 ac (450,846 SF)
APN
05551-006-000
UPID
US18-6116946
Jurisdiction
BAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$875,000
RETAIL STORES
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$585,000
MEDICAL BUILDING
Est. value
$485,000
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
3
Lot
10.35 ac
Current owner
From public records · entity-resolved
Ami 103 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
700 W 23RD ST STE 30D, PANAMA CITY, FL 32405-3932
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2024
$785,000
Ami 103 LLC
Triple S Ventures LLC
Warranty Deed
—
Nov 18, 2022
$525,000
Triple S Ventures LLC
Pentecostal Workship Center Incorpo
Warranty Deed
—
Mar 27, 2006
—
Joe Scaperotta
Kensinger,merle W & Lucille
Quit Claim Deed
related
—
Feb 18, 2005
$440,000
Pentecostal Worship Center INC
Kensinger,merle W & Lucille
Warranty Deed
$315,000 · Bay Bank Trust Co
Aug 29, 2002
$115,000
David O Piercy
Kensinger,merle W & Lucille
Grant Deed
$250,000 · Peoples First Community Bank
Nov 14, 2001
$35,000
Gregory E Clubbs
Kensinger,merle W & Lucille
Grant Deed
$57,000 · National City Mortgage Co
—
—
Pentecostal Worship Center INC
—
Deed Of Trust
related
$105,280 · Bay Bank Trust Co
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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