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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Medical Office Space
725 Ohio Ave Lynn Haven, FL 32444-1757
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4508155
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
WOOD
Total area
2,990 SF
Lot
0.32 ac (14,000 SF)
APN
09471-000-000
UPID
US18-4508155
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
-
Ascension Sacred Heart Primary Care Lynn Haven Medical Clinic
-
Roberto Borrero-Lugo, MD Physician
-
Samantha K. Chapman, APRN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$525k
Blend (final)
Blend
$700k
Owner & transaction history
Thomas Drive Properties LLC · 2 yrs held
Thomas Drive Properties LLC
since 2023
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$600,000
+37.3%
Commercial (general)
$515,000
+18.4%
Retail stores
$440,000
+1.5%
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 Lynn Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynn Haven 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
$685,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$645,000
7%
$595,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$435,000
Current use
OFFICE BUILDING
$600,000
Change: +37% · Conversion: Easy
COMMERCIAL (GENERAL)
$515,000
Change: +18% · Conversion: Easy
RETAIL STORES
$440,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $800k (Dec 20 2023)
Last sale anchor
$800k
Dec 20 2023
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
$234 / 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
$5,648
Tax year 2023
Assessed value
$362,788
Assessed 2023
Previous assessed
$371,668
-2.4% YoY
Effective rate
1.56%
On assessed value
Assessed land
$166,460
Assessed improvement
$196,328
Land market value
$166,460
Improvement market value
$196,328
Total market value
$362,788
Applied tax rate
6.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
12
Total area
2,990 SF
Lot
0.32 ac (14,000 SF)
APN
09471-000-000
UPID
US18-4508155
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
MEDICAL BUILDING Current
Est. value
$435,000
OFFICE BUILDING
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$515,000
RETAIL STORES
Est. value
$440,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1997
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
12
Lot
0.32 ac
Current owner
From public records · entity-resolved
Thomas Drive Properties LLC
Entity
Mailing address
104 MARLIN CIR, PANAMA CITY BEACH, FL 32408-7212
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
$800,000
Thomas Drive Properties LLC
Boafs Holding LLC
Warranty Deed
$978,000 · Panhandle Cu
Aug 12, 2013
$145,000
Boafs Holdings LLC
Heitzmann,scott
Quit Claim Deed
related
$400,000 · Trustmark National Bank
Aug 22, 2012
$370,000
Scott Heitzmann
Mary L Clark
Warranty Deed
$290,000 · Wells Fargo Bank NA
—
—
Boafs Holdings LLC
—
Loan Modification
related
—
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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