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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Warehouses
7512 Holley Cir Panama City Beach, FL 32408-4952
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-0140985
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
STEEL FRAME
Total area
5,780 SF
Lot
0.31 ac (13,422 SF)
Zoning code
BC05
APN
27891-200-300
UPID
US18-0140985
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
$535k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$410k
Blend (final)
Blend
$600k
Owner & transaction history
Tomahawk Development LLC
Tomahawk Development LLC
since 2026
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
BC05 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$830,000
+99.8%
Medical building
$685,000
+64.9%
Industrial (general)
$455,000
+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
$600,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$625,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$415,000
Current use
RETAIL STORES
$830,000
Change: +100% · Conversion: Moderate
MEDICAL BUILDING
$685,000
Change: +65% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$455,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Jul 13 2023)
Last sale anchor
$600k
Jul 13 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
$104 / 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
$5,411
Tax year 2023
Assessed value
$434,715
Assessed 2023
Previous assessed
$442,650
-1.8% YoY
Effective rate
1.24%
On assessed value
Assessed land
$100,000
Assessed improvement
$334,715
Land market value
$100,000
Improvement market value
$334,715
Total market value
$434,715
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
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
5,780 SF
Lot
0.31 ac (13,422 SF)
Zoning code
BC05
APN
27891-200-300
UPID
US18-0140985
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
$415,000
RETAIL STORES
Est. value
$830,000
MEDICAL BUILDING
Est. value
$685,000
INDUSTRIAL (GENERAL)
Est. value
$455,000
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
2006
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Tomahawk Development LLC
Entity
Free & Clear · 0 yrs held
Mailing address
100 N RICHARD JACKSON BLVD STE 140B, PANAMA CITY BEACH, FL 32407-2516
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
$675,000
Tomahawk Development LLC
Dmr Consulting INC
Warranty Deed
—
Oct 13, 2023
—
Dmr Consulting INC
—
Deed
related
$308,050 · Cadence Bank NA
Jul 13, 2023
$600,000
Dmr Consulting INC
Maix2 LLC
Warranty Deed
$308,050 · Cadence Bank NA
Jun 2, 2014
$265,000
Maix2 LLC
Trustmark National Bank
Special Warranty Deed
$318,000 · Panhandle Educators FCU
Nov 6, 2013
—
Trustmark Natl Bk
Thacker,larry B Coc
Trustees Deed
related
—
Jun 6, 2006
$195,000
Larry B Thacker
Rehonic,joseph
Warranty Deed
$300,000 · Trustmark National Bank
Mar 4, 2005
$145,000
Joseph Rehonic
K W Dev Of Panama City INC
Warranty Deed
—
—
—
Larry Thacker
—
Deed Of Trust
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.
Try Rey
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