Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    831 Transmitter Rd Panama City, FL 32401-6229
    Back to Search
    Property profile & analytics

    831 Transmitter Rd, Panama City, FL 32401-6229

    View on Map
    • Grocery and convenience stores
    • 2,880 SF
    • 1.45 lot acres
    Off-Market
    Property ID
    US18-0360964
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 831 Transmitter Rd

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.45 lot acres
    Property type
    Grocery and convenience stores
    APN
    15293-000-000
    APU
    15293000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 11, 2018 $210,000 Adam Le Tommy Cai Seafood Market INC Grant Deed $90k · Thanh H Cai
    Feb 15, 2018 $115,000 Thash Cai & Tommy Cai Seafood Nguyen,hong-van T Warranty Deed —
    Jul 5, 2005 $150,000 Bay Breeze Coffee & Sub INC Osip,alexe Warranty Deed $160k · Alexe Osip
    Jul 19, 2004 $85,000 Alexe Osip Ld Lewis Realty Co INC Grant Deed —
    — — Alexe Osip — Deed Of Trust · related $40k · Peoples First Community Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6084
    Latitude
    30.1651
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,968
    $72,300
    $98,995
    $171,295
    -
    $72,300
    $98,995
    $171,295

    Comparable in this City

    • Value Estimation
      $1,095,000
      7,784 SF

      3425 Hwy 98

      CONVENIENCE STORE
      3425 Hwy 98, Panama City, FL 32401-5654
      View Details
    • Value Estimation
      $910,000
      10,760 SF

      2401 5th St

      GROCERY, SUPERMARKET
      2401 5th St, Panama City, FL 32401-4776
      View Details
    • Value Estimation by Request
      3,404 SF

      1100 Jenks Ave

      CONVENIENCE STORE
      1100 Jenks Ave, Panama City, FL 32401-2439
      View Details
    • Value Estimation by Request
      4,808 SF

      804 School Ave

      CONVENIENCE STORE
      804 School Ave, Panama City, FL 32401-5153
      View Details
    • Value Estimation
      $660,000
      4,512 SF

      607 11th St

      CONVENIENCE STORE
      607 11th St, Panama City, FL 32401-2363
      View Details
    • Value Estimation by Request
      1,471 SF

      1107 Ave

      CONVENIENCE STORE
      1107 Ave, Panama City, FL 32401-4424
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      912 SF

      High-Traffic Corner Property For Sale

      Centrally located property with high visibility and versatile potential.
      1216 N Martin Luther King Jr Blvd, Panama City, FL 32401
      View Details
    • $435,000
      2,337 SF

      Commercial Property with Residential Conversion

      Versatile commercial property with residential conversion potential and industrial building.
      922 N East Ave, Panama City, FL 32401
      View Details
    • $415,000
      3,375 SF

      Retail Building in Panama City

      Well-maintained retail building with high visibility and flexible layout.
      1415 Gulf Ave, Panama City, FL 32401
      View Details
    • Contact for pricing

      Historic Downtown Panama City Retail

      Premier commercial space in iconic Mashburn Building.
      436 Harrison Ave, Panama City, FL 32401
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      2,096 SF

      Jenks Avenue Commercial Property For Rent

      Commercial property with high visibility, suitable for retail or office use.
      757 Jenks Ave, Panama City, FL 32401
      View Details
    • Contact for pricing
      30,000 SF

      Downtown Panama City Retail Space

      Prime Retail Location, 30,000 SF
      551 Harrison Ave, Panama City, FL 32401
      View Details
    • Contact for pricing
      10,000 SF

      Panama City Beach Retail/Office Space

      Large 10,000 SF space suitable for office or retail.
      703 W 15Th St, Panama City, FL 32401
      View Details
    • Contact for pricing
      9,629 SF

      Retail Space in Panama Plaza

      Retail space for lease in Panama City's busy thoroughfare.
      1326-1598 W 15Th St, Panama City, FL 32401
      View Details
    • $4,400 /Mo
      3,200 SF

      Downtown St Andrews Retail/Office Space

      3200 sq ft retail/office space in the heart of St Andrews.
      1107 Beck Ave, Panama City, FL 32401
      View Details
    • $18 SF/Yr
      3,891 SF

      Renovated Retail Space For Rent

      3,891 SF ground floor retail space in downtown Panama City.
      638 Harrison Ave, Panama City, FL 32401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    831 Transmitter Rd
    Panama City, FL 32401-6229
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    831 Transmitter Rd, Panama City, FL, 32401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!