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Property profile & analytics
FOR SALE
Retail space

1000 E 23Rd St Panama City, FL 32405

32,920 SF 6.8 ac lot Built 2004
Entity Owned 12-yr Hold Free & Clear
Property ID
US18-4825085
Property summary
AI-generated overview

The Shoppes at Panama City offers exceptional retail opportunities in a vibrant location. This multi-tenant center boasts a total of 61,221 square feet, with 10 individual suites. Currently, 5,467 square feet are available, divisible into spaces ranging from a minimum of 1,600 square feet to a maximum contiguous space of 1,867 square feet. The property enjoys a prime location adjacent to Panama City Mall, ensuring high visibility and foot traffic. Benefit from the synergy of established national tenants such as Best Buy, America's Best Contacts & Eyeglasses, and Moe's Southwest Grill. This attractive lifestyle center offers a compelling mix of retail, entertainment, and dining options, catering to both local residents and the significant tourist population. The Shoppes at Panama City is further enhanced by its proximity to numerous other retail stores, restaurants, and over a dozen hotels, all within convenient walking distance, creating a thriving and densely populated commercial environment. This presents a unique opportunity for businesses seeking high-traffic exposure and a strong customer base in a dynamic and established retail hub. The available space is ideal for a variety of retail concepts, restaurants, or other commercial uses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 32,920 SF
Lot 6.8 ac (296,208 SF)
Zoning code PC09
APN 14405-000-000
UPID US18-4825085
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
Current use
Occupant on record · Public records
  • Geek Squad Computer & Electronic Repair Tech Support Center
  • 55 Gallon Drums Panama City Big Box & Wholesale Store Factory
  • CosmoProf (Bike/Boat/Book/etc) Store Cosmetic Store
  • America's Best Contacts & Eyeglasses (Bike/Boat/Book/etc) Store
  • Best Buy Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.55M
Comparable Approach Comparable
$2.87M
Blend (final) Blend
$4.02M
Owner & transaction history
Kdi Panama Mall LLC · 12 yrs held
Kdi Panama Mall LLC
since 2013
4 recorded transactions
2013
Price N/A
2013
$8.9M
2007
Price N/A
2003
Price N/A
Zoning & alternative use
PC09 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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