Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Grocery and convenience stores
8012 Hwy 2301 Panama City, FL 32404-4432
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5491028
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,802 SF
Lot
2.93 ac (127,500 SF)
Zoning code
BC16
APN
05450-006-000
UPID
US18-5491028
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
-
Marathon Gas Station
-
Garner's Supermarket (Piggly Wiggly express) Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$453k
Blend (final)
Blend
$610k
Owner & transaction history
Willie & Jeanette Enterprises INC · 4 yrs held
Willie & Jeanette Enterprises INC
since 2021
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
BC16 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Panama City 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
$470,000
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $650k (Aug 9 2021)
Last sale anchor
$650k
Aug 9 2021
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
$62 / 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
$5,212
Tax year 2023
Assessed value
$400,225
Assessed 2023
Previous assessed
$403,215
-0.7% YoY
Effective rate
1.30%
On assessed value
Assessed land
$64,686
Assessed improvement
$335,539
Land market value
$64,686
Improvement market value
$335,539
Total market value
$400,225
Applied tax rate
55.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
7
Total area
9,802 SF
Lot
2.93 ac (127,500 SF)
Zoning code
BC16
APN
05450-006-000
UPID
US18-5491028
Jurisdiction
BAY
Zoning & alternative use
BC16 · Panama City, FL
Zoning BC16 · permitted uses
BC16 · Panama City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Panama City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
7
Lot
2.93 ac
Current owner
From public records · entity-resolved
Willie & Jeanette Enterprises INC
Entity
Mailing address
8012 HWY 2301, PANAMA CITY, FL 32404-4432
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2023
—
Willie & Jeanette Enterprises INC
—
Deed
related
$153,900 · Trustmark National Bank
Aug 9, 2021
—
Willie & Jeanette Enterprises INC
Willie & Jeanette Enterprises INC
Intrafamily Transfer
related
$970,000 · Trustmark National Bank
Oct 13, 2015
—
Willie & Jeannette Ents INC
Garner,willie E & Jeannette D
Quit Claim Deed
related
—
Jan 4, 2000
$650,000
Willie Garner
Spikes,james
Grant Deed
$500,000 · Seller
—
—
Willie E Garner
—
Deed Of Trust
related
$358,962 · Banktrust
—
—
Willie Garner
—
Deed Of Trust
related
$355,937 · Banktrust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8012 Hwy 2301?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
