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Property profile & analytics
OFF-MARKET
Drive through restaurants
9960 Hutchison Blvd Panama City Beach, FL 32407-3745
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-4352999
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2004
Construction
WOOD
Total area
3,813 SF
Lot
1.4 ac (61,114 SF)
Zoning code
PCB22
APN
34864-000-000
UPID
US18-4352999
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
by Request
Owner & transaction history
Joseph Rehonic · 21 yrs held
Joseph Rehonic
since 2005
7 recorded transactions
Zoning & alternative use
PCB22 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,009
Tax year 2023
Assessed value
$1,026,016
Assessed 2023
Previous assessed
$961,511
+6.7% YoY
Effective rate
1.17%
On assessed value
Assessed land
$763,925
Assessed improvement
$262,091
Land market value
$763,925
Improvement market value
$262,091
Total market value
$1,026,016
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Rooms
4
Total area
3,813 SF
Lot
1.4 ac (61,114 SF)
Zoning code
PCB22
APN
34864-000-000
UPID
US18-4352999
Jurisdiction
BAY
Zoning & alternative use
PCB22 · Panama City Beach, FLZoning PCB22 · permitted uses
PCB22 · 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
2004
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Lot
1.4 ac
Current owner
From public records · entity-resolved
Joseph Rehonic
Individual
Mailing address
739 HEROD DOVER RD, DAWSON, GA 39842-5501
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2005
$725,000
Joseph Rehonic
Ibis Lake Dev INC
Warranty Deed
—
Nov 18, 2004
$445,000
Peachtree Place INC
Seaside Real Properties LLC
Warranty Deed
—
Oct 30, 2003
$193,400
Seaside Real Properties LLC
Urquhart,marvin A
Grant Deed
—
Oct 30, 2003
$841,000
Seaside Real Properties LLC
Corry Coastal Properties INC
Grant Deed
$1,150,000 · First National Bank South Ga
Oct 30, 2003
$125,700
Seaside Real Properties LLC
Corry,tr
Grant Deed
—
Jan 22, 2001
$171,000
Corry Coastal Properties INC
Wilson,jim & Mary
Grant Deed
—
Jun 15, 1998
$135,700
Corry Coastal Properties INC
Corry,j E
Grant Deed
related
—
May 8, 1998
$181,200
J E Corry
Chapman,joseph F
Grant Deed
—
—
—
Seaside Real Properties LLC
—
Loan Modification
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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