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Property profile & analytics
OFF-MARKET
Estimated value
$2,380,000
Automotive properties
Thomas Dr Panama City Beach, FL 32408
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7479010
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2017
Construction
STEEL FRAME
Total area
30,860 SF
Lot
2.43 ac (105,764 SF)
Zoning code
BC05
APN
31428-028-000
UPID
US18-7479010
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
$2.38M
Owner & transaction history
Trustmark Natl Bk · 12 yrs held
Trustmark Natl Bk
since 2013
5 recorded transactions
Zoning & alternative use
BC05 · 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
$77 / 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
$39,184
Tax year 2023
Assessed value
$3,118,075
Assessed 2023
Previous assessed
$3,135,260
-0.5% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,420,380
Assessed improvement
$1,697,695
Land market value
$1,420,380
Improvement market value
$1,697,695
Total market value
$3,118,075
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
15
Total area
30,860 SF
Lot
2.43 ac (105,764 SF)
Zoning code
BC05
APN
31428-028-000
UPID
US18-7479010
Jurisdiction
BAY
Zoning & alternative use
BC05 · Panama City Beach, FLZoning 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
Building & site characteristics
From public records
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
15
Lot
2.43 ac
Current owner
From public records · entity-resolved
Trustmark Natl Bk
Individual
Free & Clear · 12 yrs held
Mailing address
4471 LEGENDARY DR, DESTIN, FL 32541-5324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Mar 8, 2018
—
Lyc Destin LLC
—
Deed
related
$995,511 · First United Bk/grafton
Nov 6, 2013
—
Trustmark Natl Bk
Thacker,larry B Coc
Trustees Deed
related
—
Nov 16, 2005
$2,200,000
Larry Thacker
Alford Of Columbus INC
Warranty Deed
$1,400,000 · Trustmark National Bank
May 23, 2003
$525,000
Alford Of Columbus INC
Bay Bank Trust Co
Grant Deed
—
—
—
Lyc Destin LLC
—
Loan Modification
related
$995,511 · First United Bk/grafton
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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