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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Warehouses
7507 Holley Wood Rd Panama City Beach, FL 32408-4995
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-8641274
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Construction
STEEL FRAME
Total area
5,040 SF
Lot
0.31 ac (13,286 SF)
Zoning code
BC05
APN
27905-150-010
UPID
US18-8641274
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
$560k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Gary Coccaro · 2 yrs held
Gary Coccaro
since 2023
Last sale
$607,500
5 recorded transactions
Zoning & alternative use
BC05 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$725,000
+99.8%
Medical building
$600,000
+64.9%
Industrial (general)
$395,000
+9.1%
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
$610,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$545,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$365,000
Current use
RETAIL STORES
$725,000
Change: +100% · Conversion: Moderate
MEDICAL BUILDING
$600,000
Change: +65% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$395,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $608k (Dec 8 2023)
Last sale anchor
$608k
Dec 8 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
$118 / 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
$4,816
Tax year 2023
Assessed value
$369,232
Assessed 2023
Previous assessed
$354,645
+4.1% YoY
Effective rate
1.30%
On assessed value
Assessed land
$150,875
Assessed improvement
$218,357
Land market value
$150,875
Improvement market value
$218,357
Total market value
$369,232
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
NONE
Total area
5,040 SF
Lot
0.31 ac (13,286 SF)
Zoning code
BC05
APN
27905-150-010
UPID
US18-8641274
Jurisdiction
BAY
Zoning & alternative use
BC05 · Panama City Beach, FL
Zoning BC05 · permitted uses
BC05 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$365,000
RETAIL STORES
Est. value
$725,000
MEDICAL BUILDING
Est. value
$600,000
INDUSTRIAL (GENERAL)
Est. value
$395,000
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2021
Construction
STEEL FRAME
Heating
NONE
Lot
0.31 ac
Current owner
From public records · entity-resolved
Gary Coccaro
Individual
Mailing address
PO BOX 27546, PANAMA CITY, FL 32411-7546
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
$450,000
Gary Coccaro
Sun Valley Land Company
Warranty Deed
—
Dec 8, 2023
$607,500
Holley Wood Holdings LLC
Gary Coccaro
Warranty Deed
—
Jan 14, 2022
—
Sun Valley Land Company
—
Deed
related
$376,000 · Servisfirst Bank
Nov 10, 2021
$450,000
Valley Land Company
Etc Custodian
Warranty Deed
—
Dec 31, 2019
$155,000
John R Deane
Thomas Drive Office LLC
Warranty Deed
—
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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