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    401 E 23Rd St Panama City, FL 32405

    For Lease
    $15 SF/Yr

    COMMERCIAL - Panama City, FL

    Type:Retail
    Days on Market:
    32
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 401 E 23Rd St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    12976-070-000

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central

    Building Details

    Year built
    2005
    Floors in Building
    1

    Neubauer Real Estate, Inc. ERA (850) 785-1551 [email protected]

    Listing agent Brian Hinton (850) 872-3434 License #3066285

    Listing date Nov 12, 2025

    Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Panama City

    This is a retail space featuring an open span layout, a small office, a receiving/breakroom area, and two bathrooms. Previously home to The Sewing Center, the space is now available for rent. The property is located just west of the Home Depot and offers ample parking and security lighting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Emerald Coast Hospice Hospice Rockstar Real Estate ... Real Estate Agency Keller Williams Realty: ... Real Estate Agent Jim's Vacuum & Sewing ... Sewing Machine Store The Cafe American Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.655878
    Latitude
    30.191182

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    FAQs

    What type of property is this?
    Retail space - Open span retail space with office and breakroom.
    Where is this retail space located?
    The property is located at 401 E 23Rd St Panama City, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime retail space location just west of Home Depot.; - Open span layout suitable for various retail uses.; - Includes a small office, receiving/breakroom area, and two bathrooms.
    (850) 872-3434
    Request Owner's contact information
    401 E 23Rd St Panama City, FL 32405
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    Panama City, FL 32405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 E 23Rd St Panama City, FL 32405
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