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Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Motels
9500 Thomas Dr Panama City Beach, FL 32408-4214
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-4216417
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1971
Construction
CONCRETE
Total area
73,152 SF
Lot
4.62 ac (201,291 SF)
Zoning code
PCB21
APN
34987-000-000
UPID
US18-4216417
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
$3.77M
Blend (final)
Blend
$3.91M
Owner & transaction history
Joseph F Chapman IV · 20 yrs held
Joseph F Chapman IV
since 2005
3 recorded transactions
Zoning & alternative use
PCB21 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±10%
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
$53 / 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
$109,438
Tax year 2023
Assessed value
$11,938,288
Assessed 2023
Previous assessed
$8,730,288
+36.7% YoY
Effective rate
0.92%
On assessed value
Assessed land
$11,027,500
Assessed improvement
$910,788
Land market value
$11,027,500
Improvement market value
$910,788
Total market value
$11,938,288
Applied tax rate
13.0000
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
1971
Construction
CONCRETE
Heating
FORCED AIR
Cooling
OTHER
Stories
4
Units
120
Rooms
12
Total area
73,152 SF
Lot
4.62 ac (201,291 SF)
Zoning code
PCB21
APN
34987-000-000
UPID
US18-4216417
Jurisdiction
BAY
Zoning & alternative use
PCB21 · Panama City Beach, FLZoning PCB21 · permitted uses
PCB21 · 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
1971
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
120
Rooms
12
Lot
4.62 ac
Current owner
From public records · entity-resolved
Joseph F Chapman IV
Individual
Mailing address
1002 W 23RD ST, PANAMA CITY, FL 32405-3683
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2005
$473,800
Joseph F Chapman IV
Resort Hospitality Ents Ltd
Grant Deed
$378,960 · Countrywide Home Loans INC
Aug 17, 2005
$433,900
Linda A Kracht
Mcree,george & Barbara
Warranty Deed
$347,100 · Colorado Fsb
May 23, 2005
$259,000
Jack E Pierce
Hartlein,john & Louise
Warranty Deed
$207,200 · 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.
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