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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Bars & Pubs
9875 Thomas Dr Panama City Beach, FL 32408-4218
Trust Owned
16-yr Hold
Free & Clear
Property ID
US18-2254984
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1984
Construction
WOOD
Total area
17,776 SF
Lot
2.9 ac (126,193 SF)
Zoning code
PCB21
APN
34988-040-000
UPID
US18-2254984
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
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Buskell William A Trust · 16 yrs held
Buskell William A Trust
since 2010
7 recorded transactions
Zoning & alternative use
PCB21 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+38.4%
Auto repair, garage
$1.7M
+35.5%
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
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$1,250,000
Current use
RESTAURANT
$1,735,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,695,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$1,150,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$1,145,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$65 / 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
$99,641
Tax year 2023
Assessed value
$8,819,337
Assessed 2023
Previous assessed
$6,457,755
+36.6% YoY
Effective rate
1.13%
On assessed value
Assessed land
$8,167,500
Assessed improvement
$651,837
Land market value
$8,167,500
Improvement market value
$651,837
Total market value
$8,819,337
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
12
Total area
17,776 SF
Lot
2.9 ac (126,193 SF)
Zoning code
PCB21
APN
34988-040-000
UPID
US18-2254984
Jurisdiction
BAY
Zoning & alternative use
PCB21 · Panama City Beach, FL
Zoning 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
Panama City Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
NIGHTCLUB (COCKTAIL LOUNGE) Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1984
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
12
Lot
2.9 ac
Current owner
From public records · entity-resolved
Buskell William A Trust
Trust
Free & Clear · 16 yrs held
Mailing address
PO BOX 19366, PANAMA CITY BEACH, FL 32417-1366
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2019
—
Buskell,william A Trust
—
Deed
related
—
Apr 24, 2017
—
Buskell,william A Trust
—
Deed
related
$300,000 · Centennial Bk
Feb 4, 2010
$3,573,300
Buskell William A Trust
Pineapple Willys INC
Warranty Deed
—
Feb 4, 2010
—
William A Buskell
William A Buskell
Intrafamily Transfer
related
$1,200,000 · Vision Bank
May 14, 2007
—
Pineapple Willys INC
—
Trustees Deed
related
$108,500 · Vision Bank Fsb
Feb 9, 2005
—
Buskell William A Trust
Buskell William A Trust
Quit Claim Deed
related
—
—
—
Pineapple Willys INC
—
Loan Modification
related
—
—
—
Buskell,william A Trust
—
Loan Modification
related
—
—
—
Buskell,william A Trust
—
Loan Modification
related
—
—
—
Gregory J Huberty
—
Deed Of Trust
related
$249,000 · Fifth Third Bank
—
—
Pineapple Willys INC
—
Deed Of Trust
related
$466,428 · Vision Bank Fsb
—
—
Buskell William B Trust
—
Deed Of Trust
related
$1,200,000 · Centennial Bank
—
—
Buskell William A Trust
—
Deed Of Trust
related
—
—
—
Buskell,william A Trust
—
Loan Modification
related
—
—
—
Buskell,william A Trust
—
Loan Modification
related
$300,000 · Centennial Bk
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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