Technical
Financial
Distress signals
Property profile

7708 Mcelvey Rd Panama City Beach, FL 32408

OFF-MARKET
Warehouses
Property ID
US18-0132418
5,208 SF 0.55 ac lot Built 2003
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2003
Construction STEEL FRAME
Total area 5,208 SF
Lot 0.55 ac (24,155 SF)
Zoning code BC07
APN 27883-714-000
UPID US18-0132418

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7708 Mcelvey Rd Panama City Beach, FL 32408-4934
Panama City Beach metro Census 2609 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
$605k
Comparable Approach Comparable
$476k
Blend (final) Blend
$510k

Owner & transaction history

since 2024
Last sale
$510,000
3 recorded transactions
2024
$510,000
2024
Price N/A
2003
$160,000

Zoning & alternative use

BC07 · Panama City Beach, FL
Top alternative use upside
Retail stores $750,000 +99.8%
Medical building $620,000 +64.9%
Industrial (general) $410,000 +9.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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