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    105-109 W 23Rd St Panama City, FL 32405

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    For Lease
    $12 SF/Yr ($5,000 /Mo)

    Centrally located retail space near Gulf Coast Medical Center.

    Property size:
    5,000 SF
    Lot size:
    3.30 Acres

    Property Features for 105-109 W 23Rd St

    General Information

    Size
    5,000 SF
    Lot size
    3.30 Acres

    Source: NAI TALCOR | Tallahassee Agent Brent Faison

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

    Overview

    Retail Space in Panama City

    Coronado Village is a centrally located shopping center in the heart of Panama City's commercial corridor, situated near Home Depot, Lowe's, Walmart, and Gulf Coast Regional Hospital. The available suite, recently demised from a larger space, is in vanilla shell condition, featuring an open retail floor plan and one ADA restroom. The property is suitable for office, retail, medical, or hospitality purposes. The lease structure is NNN, with a base rate of $12 per square foot per year, plus $5.56 per square foot per year in pass-through expenses and 6.5% sales tax. A lease term of 5+ years is preferred. The property is adjacent to Gulf Coast Medical Center and offers 5000 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Similar Places Nearby

    Panama City Square, Florida MV Express Kiosk, 23rd Street Station

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.656872
    Latitude
    30.1901567

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    FAQs

    What type of property is this?
    Shopping center - Centrally located retail space near Gulf Coast Medical Center.
    Where is this shopping center located?
    The property is located at 105-109 W 23Rd St Panama City, FL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Centrally located in Panama City's commercial corridor near major retailers and Gulf Coast Regional Hospital.; - Ideal for office, retail, medical, or hospitality ventures.; - Adjacent to Gulf Coast Medical Center.
    (850) 814-4490
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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
    105-109 W 23Rd St Panama City, FL 32405
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