Financial
Distress signals
Property profile

2303 E 5Th St Panama City, FL 32401

FOR SALE
Commercial land
Property ID
US19-0711261
7,116 SF 0.9 ac lot Built 1945
Last sale Feb 2020 · $145,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 1.14-acre± parcel zoned General Commercial in Panama City’s Gateway district. It has an existing development order for a 7,200-square-foot automotive service or warehouse/showroom facility. The site is situated on a prominent corner of Business 98 and Center Avenue, along the primary corridor connecting downtown Panama City and Tyndall Air Force Base. The building interior configuration and finishes are adaptable to suit an owner’s or tenant’s requirements. The location is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$205k
Assessed land$196k
Assessed improvement$9k
Effective rate1.52%

Value estimate

· Sep 2026
$145k
$131k – $160k
AI approach$145k
NOI build-up
Gross scheduled income$72k
Vacancy & credit loss−$4k
Operating expenses−$20k
NOI · 13.20% cap applied$47k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$90/SF
ZIP average, outlier-cleaned · 126 recorded sales of this use type
Observed band · Q1–Q3$44 – $155

Cap rate analysis

How does the asset earn?
13.20%
$47k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PC09
JurisdictionBAY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.4
Law Firm22.4
Spa & Massage16.4

Location

2303 E 5Th St Panama City, FL 32401
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
648 Florida, Panama City, FL 32401-6311 $325,000 Feb 2025 3,445 SF
3400 1st, Panama City, FL 32401-5756 $15,000 Jan 2025 3,840 SF
1032 Grace, Panama City, FL 32401-2421 $157,500 Apr 2024 4,340 SF
1401 11th, Panama City, FL 32401-4118 $325,000 Mar 2024 4,824 SF
1403 11th, Panama City, FL 32401 $325,000 Mar 2024 4,296 SF
323 14th, Panama City, FL 32401-2206 $99,500 Feb 2024 7,750 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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