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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
906 Park St Panama City, FL 32404-7119
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4333007
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,752 SF
Lot
0.24 ac (10,500 SF)
APN
25863-000-000
UPID
US18-4333007
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
-
Park Street Mini Storage (Self Storage) Storage Facility
-
Parker Storage LLC Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Sandpiper Self Storage LLC · 1 yrs held
Sandpiper Self Storage LLC
since 2024
Last sale
$515,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$685,000
+84.4%
Commercial (general)
$680,000
+82.9%
Medical building
$565,000
+52.2%
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
$515,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$370,000
Current use
RETAIL STORES
$685,000
Change: +84% · Conversion: Moderate
COMMERCIAL (GENERAL)
$680,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$565,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $515k (Aug 13 2024)
Last sale anchor
$515k
Aug 13 2024
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
$108 / 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
$1,323
Tax year 2023
Assessed value
$93,545
Assessed 2023
Previous assessed
$93,545
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$31,500
Assessed improvement
$62,045
Land market value
$31,500
Improvement market value
$62,045
Total market value
$93,545
Applied tax rate
10.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
29
Rooms
13
Total area
4,752 SF
Lot
0.24 ac (10,500 SF)
APN
25863-000-000
UPID
US18-4333007
Jurisdiction
BAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$370,000
RETAIL STORES
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$680,000
MEDICAL BUILDING
Est. value
$565,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
29
Rooms
13
Lot
0.24 ac
Current owner
From public records · entity-resolved
Sandpiper Self Storage LLC
Entity
Mailing address
419 N LANDGUARD RD, ST AUGUSTINE, FL 32092-5051
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Aug 13, 2024
$515,000
Sandpiper Self Storage LLC
Parker Storage LLC
Warranty Deed
$772,500 · Community Bank Of Mississippi
Dec 6, 2021
$238,455
Parker Storage LLC
Vess Consulting LLC
Warranty Deed
—
Aug 24, 2021
$300,000
Vess Consulting LLC
Park Street Mini Storage LLC
Warranty Deed
$240,000 · Innovations FCU
Sep 26, 2017
$213,000
Park Street Mini Storage LLC
Miracle,brenda G
Warranty Deed
—
Jun 30, 2017
$275,000
Brenda G Miracle
Fpm Enterprises II INC
Warranty Deed
$188,043 · Fpm Enterprises II INC
Dec 31, 1996
$110,000
Fpm Enterprises II INC
Sakugawa,jon I
Grant Deed
$131,300 · Florida Firstbank
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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