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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Drive through restaurants
7905 Frnt Bch Rd Panama City Beach, FL 32407-4816
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-9445376
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2019
Construction
WOOD
Total area
2,174 SF
Lot
1.46 ac (63,510 SF)
Zoning code
BC05
APN
27875-000-000
UPID
US18-9445376
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
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Eddie E Surkin · 2 yrs held
Eddie E Surkin
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
BC05 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+98.2%
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
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,045,000
Change: +98% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Mar 14 2024)
Last sale anchor
$1.60M
Mar 14 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
$736 / 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
$14,094
Tax year 2023
Assessed value
$1,111,250
Assessed 2023
Previous assessed
$1,111,250
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$762,125
Assessed improvement
$349,125
Land market value
$762,125
Improvement market value
$349,125
Total market value
$1,111,250
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Rooms
2
Bathrooms
4
Total area
2,174 SF
Lot
1.46 ac (63,510 SF)
Zoning code
BC05
APN
27875-000-000
UPID
US18-9445376
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
AUTO REPAIR, GARAGE
Est. value
$1.0M
AUTO REPAIR, GARAGE
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
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
4
Lot
1.46 ac
Current owner
From public records · entity-resolved
Eddie E Surkin
Individual
Free & Clear · 2 yrs held
Mailing address
6127 MELVIN AVE, TARZANA, CA 91356-1025
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
—
Eddie E Surkin
Eddie E Surkin
Intrafamily Transfer
related
—
Mar 4, 2022
$1,600,000
Eddie E Surkin
Graham Development LLC
Warranty Deed
$300,000 · Seacoast National Bank
Jul 6, 2020
$185,000
Double H Construction & Dev
Graham Dev LLC
Warranty Deed
$164,000 · Trustmark Nat'l Bk
Oct 10, 2019
—
Graham Dev LLC
—
Deed
related
$1,060,000 · The First
Aug 5, 2019
—
Graham Development LLC
—
Trustees Deed
related
$1,055,613 · Firstbank
Mar 8, 2019
—
Graham Dev LLC
Boyd Frances
Grant Deed
related
—
May 12, 2003
$375,000
Dempsey Boyd
Goss,nela G & Georgan
Grant Deed
—
—
—
Graham Dev LLC
—
Deed Of Trust
related
$1,060,000 · The First
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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