New search
Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail properties & Spaces
8808 Frnt Bch Rd Panama City Beach, FL 32407-4232
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-1937987
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1993
Construction
WOOD
Total area
2,288 SF
Lot
0.34 ac (15,000 SF)
Zoning code
BC05
APN
27698-000-000
UPID
US18-1937987
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
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$505k
Owner & transaction history
Vihar Development LLC · 1 yrs held
Vihar Development LLC
since 2025
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
BC05 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$570,000
+61.6%
Office building
$490,000
+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
$485,000
ML approach
$470,000
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)
$355,000
Current use
COMMERCIAL (GENERAL)
$570,000
Change: +62% · Conversion: Difficult
OFFICE BUILDING
$490,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$330,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $550k (Mar 19 2025)
Last sale anchor
$550k
Mar 19 2025
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
$221 / 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
$4,660
Tax year 2023
Assessed value
$356,757
Assessed 2023
Previous assessed
$236,234
+51.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$180,000
Assessed improvement
$176,757
Land market value
$180,000
Improvement market value
$176,757
Total market value
$356,757
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
1993
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
3
Total area
2,288 SF
Lot
0.34 ac (15,000 SF)
Zoning code
BC05
APN
27698-000-000
UPID
US18-1937987
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$355,000
COMMERCIAL (GENERAL)
Est. value
$570,000
OFFICE BUILDING
Est. value
$490,000
RETAIL STORES
Est. value
$330,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
COMMERCIAL (GENERAL)
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
1993
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Vihar Development LLC
Entity
Free & Clear · 1 yrs held
Mailing address
8808 FRNT BCH RD, PANAMA CITY BEACH, FL 32407-4232
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
$550,000
Vihar Development LLC
Gulf Glo Properties LLC
Warranty Deed
—
Oct 13, 2022
$655,000
Gulf Glo Properties LLC
Gulf Glo Banners LLC
Warranty Deed
$1,205,000 · Cogent Bank
Dec 4, 2017
—
Gulf Glo Banners LLC
—
Deed
related
—
Oct 17, 2017
—
Gulf Glo Banners LLC
—
Deed
related
—
Aug 17, 2016
—
Gulf Glo Banners LLC
—
Deed
related
—
Oct 23, 2009
$59,200
Gulf Glo Banners LLC
David V Whitaker
Warranty Deed
—
Oct 22, 2003
—
Sarvis,tr
Edwards,george M & Debbie S
Grant Deed
related
—
Feb 1, 2002
$57,800
Gulf Glo Banners Of Bay County
Wentz,harlan L & Karen L
Quit Claim Deed
related
—
—
—
Gulf Glo Banners LLC
—
Deed Of Trust
related
$226,209 · Trustmark National Bank
—
—
Gulf Glo Banners LLC
—
Deed Of Trust
related
$202,636 · Trustmark National Bank
—
—
Gulf Glo Banners LLC
—
Deed Of Trust
related
$28,500 · Trustmark National Bank
—
—
Gulf Glo Banners LLC
—
Loan Modification
related
—
—
—
Gulf Glo Banners LLC
—
Loan Modification
related
—
—
—
Gulf Glo Banners LLC
—
Loan Modification
related
—
—
—
Gulf Glo Banners LLC
—
Loan Modification, Consolidation And Extension
related
—
—
—
Gulf Glo Banners LLC
—
Deed Of Trust
related
$201,321 · Trustmark National Bank
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 8808 Frnt Bch Rd?
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.
