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Property profile & analytics
OFF-MARKET
Motels
8013 Thomas Dr Panama City Beach, FL 32408-7518
Entity Owned
24-yr Hold
Free & Clear
Property ID
US18-0627463
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,005 SF
Lot
0.4 ac (17,424 SF)
Zoning code
BC23
APN
30481-000-000
UPID
US18-0627463
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
One To Sea INC · 24 yrs held
One To Sea INC
since 2002
4 recorded transactions
Zoning & alternative use
BC23 · Panama City Beach, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,951
Tax year 2023
Assessed value
$548,081
Assessed 2023
Previous assessed
$497,594
+10.1% YoY
Effective rate
0.90%
On assessed value
Assessed land
$431,418
Assessed improvement
$116,663
Land market value
$431,418
Improvement market value
$116,663
Total market value
$548,081
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WINDOW A/C
Buildings
3
Stories
1
Units
5
Rooms
13
Total area
3,005 SF
Lot
0.4 ac (17,424 SF)
Zoning code
BC23
APN
30481-000-000
UPID
US18-0627463
Jurisdiction
BAY
Zoning & alternative use
BC23 · Panama City Beach, FLZoning BC23 · permitted uses
BC23 · Panama City Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
5
Rooms
13
Lot
0.4 ac
Current owner
From public records · entity-resolved
One To Sea INC
Entity
Free & Clear · 24 yrs held
Mailing address
2747 LANSDOWNE LN SE, ATLANTA, GA 30339-4618
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2002
$283,200
One To Sea INC
Norris,johnny R
Grant Deed
—
Apr 10, 2001
$77,950
Johnny R Norris
Sivarom,vangari V
Grant Deed
$54,600 · Vangsri V
May 11, 1998
$81,700
Veeradaya S Vangsri
Sumamal,pete
Quit Claim Deed
related
—
Nov 6, 1996
$200,000
Pete Sumamal
Brannon,ernest D
Grant Deed
$181,550 · Seller
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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