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    742 W 23Rd St, Unit 840 Panama City, FL 32405

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    For Lease
    $32 SF/Yr ($3,733 /Mo)

    Endcap suite with drive-thru in busy shopping center.

    Property size:
    1,400 SF
    Lot size:
    1,400 SF

    Property Features for 742 W 23Rd St

    General Information

    Standard status
    Active
    Size
    1,400 SF

    Building Details

    Year built
    1986

    Source: COUNTS REAL ESTATE GROUP Agent TIMOTHY M CARROLL

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Drive-Thru Endcap Suite For Rent

    An endcap suite with a drive-thru window is available for rent in the Stanford Station shopping center, which is anchored by Academy Sports. The property is located along the 23rd St. corridor, Panama City's busiest market area. Currently operated as an Italian restaurant, the 1,400 square foot space will be available starting June 1, 2025. The space includes a dining room, two restrooms, a service counter area, and a kitchen equipped with a 12 ft hood and an 8x6 walk-in cooler. The lease is NNN, with CAM fees at $5.91 per square foot. The property is suitable for drive-through restaurants, restaurants, and retail properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wellness & Fitness Center ... Fitness Center Hodges Elite, LLC. Personal Trainer

    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
    -85.6718461
    Latitude
    30.1907628

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    FAQs

    What type of property is this?
    Drive through restaurant - Endcap suite with drive-thru in busy shopping center.
    Where is this drive through restaurant located?
    The property is located at 742 W 23Rd St, Unit 840 Panama City, FL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Endcap suite with drive-thru window.; - Located in Stanford Station shopping center anchored by Academy Sports.; - Located along 23rd St. corridor, Panama City's busiest market area.
    (850) 248-3615
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    742 W 23Rd St, Unit 840 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
    742 W 23Rd St, Unit 840 Panama City, FL 32405
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