Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Industrial properties
9526 Clarence St Panama City Beach, FL 32407-4114
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-9354588
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
STEEL FRAME
Total area
5,096 SF
Lot
0.56 ac (24,481 SF)
Zoning code
BC05
APN
27588-010-000
UPID
US18-9354588
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
$685k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$651k
Blend (final)
Blend
$680k
Owner & transaction history
Lynn L Bush · 4 yrs held
Lynn L Bush
since 2022
Last sale
$675,000
5 recorded transactions
Zoning & alternative use
BC05 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+171.9%
Retail stores
$735,000
+83.1%
Medical building
$605,000
+51.2%
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 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
$715,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$515,000
7%
$480,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,090,000
Change: +172% · Conversion: Difficult
RETAIL STORES
$735,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$605,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $675k (Jun 8 2022)
Last sale anchor
$675k
Jun 8 2022
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
$133 / 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
$7,094
Tax year 2023
Assessed value
$551,408
Assessed 2023
Previous assessed
$180,577
+205.4% YoY
Effective rate
1.29%
On assessed value
Assessed land
$220,326
Assessed improvement
$331,082
Land market value
$220,326
Improvement market value
$331,082
Total market value
$551,408
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
4
Total area
5,096 SF
Lot
0.56 ac (24,481 SF)
Zoning code
BC05
APN
27588-010-000
UPID
US18-9354588
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
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$735,000
MEDICAL BUILDING
Est. value
$605,000
OFFICE BUILDING
RETAIL STORES
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
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
4
Lot
0.56 ac
Current owner
From public records · entity-resolved
Lynn L Bush
Individual
Free & Clear · 4 yrs held
Mailing address
11800 FRNT BCH RD UNIT #101, PANAMA CITY BEACH, FL 32407-0601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
$675,000
Lynn L Bush
Darrens Auto Body INC
Warranty Deed
—
Sep 23, 2016
$108,000
Darrens Auto Body INC
Ducharme,darren & Julie
Quit Claim Deed
related
—
Nov 13, 2012
$164,000
Darren Ducharme
Gibbs Realty Corp
Warranty Deed
$130,000 · Caywood Van Stratum
Jul 26, 2011
$110,100
Gibbs Realty Corp
Tax Collector Of Bay County
Tax Deed
related
—
Aug 12, 2005
$509,000
Paradise Found Vacation Rental
Majestic Linen Services INC
Warranty Deed
$550,000 · South Walton Properties LLC
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 9526 Clarence St?
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.
