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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Retail properties & Spaces
8416 Thomas Dr Panama City Beach, FL 32408-4726
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0184450
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,600 SF
Lot
0.29 ac (12,500 SF)
Zoning code
BC03
APN
30327-000-000
UPID
US18-0184450
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
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$811k
Blend (final)
Blend
$805k
Owner & transaction history
Tandk Investments LLC · 3 yrs held
Tandk Investments LLC
since 2023
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
BC03 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$770,000
+37.9%
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
$800,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$555,000
Current use
OFFICE BUILDING
$770,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$520,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $800k (Mar 3 2023)
Last sale anchor
$800k
Mar 3 2023
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
$224 / 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
$5,573
Tax year 2023
Assessed value
$429,778
Assessed 2023
Previous assessed
$430,985
-0.3% YoY
Effective rate
1.30%
On assessed value
Assessed land
$309,500
Assessed improvement
$120,278
Land market value
$309,500
Improvement market value
$120,278
Total market value
$429,778
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Rooms
7
Bathrooms
2
Total area
3,600 SF
Lot
0.29 ac (12,500 SF)
Zoning code
BC03
APN
30327-000-000
UPID
US18-0184450
Jurisdiction
BAY
Zoning & alternative use
BC03 · Panama City Beach, FL
Zoning BC03 · permitted uses
BC03 · 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$555,000
OFFICE BUILDING
Est. value
$770,000
RETAIL STORES
Est. value
$520,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
OFFICE BUILDING
RETAIL STORES
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Tandk Investments LLC
Entity
Mailing address
8416 THOMAS DR, PANAMA CITY BEACH, FL 32408-4726
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Mar 3, 2023
$800,000
Tandk Investments LLC
M57 Holdings LLC
Warranty Deed
$800,000 · M57 Holdings LLC
Feb 17, 2022
$549,900
M57 Holdings LLC
Roy Glen Herndon
Warranty Deed
$4,176 · Roy Glen Herndon Revocable Trust
Feb 17, 2022
—
Roy Glen Herndon
Justin Herndon
Intrafamily Transfer
related
—
May 6, 2015
—
Herndon,roy G Trust
Herndon Roy G
Quit Claim Deed
related
—
Oct 14, 2009
$300,000
Glen Herndon
Haywood,ron
Warranty Deed
—
Feb 9, 2004
$340,000
Ron Haywood
Easom,mary A
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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