Property profile & analytics
1000 E 23Rd St Panama City, FL 32405
- Retail space
- 32,920 SF
- 6.80 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US18-4825085
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by 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
Property Details for 1000 E 23Rd St
- Year built
- 2004
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 6.80 lot acres
- Property size
- 32,920 SF
- Zone code
- PC09
- Property type
- Retail space
- APN
- 14405-000-000
- APU
- 14405000000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,010,000
- 6.5%
- $5,545,000
- 7%
- $5,150,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,868,000
Market price range: $777k - $2.87M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $5,085,000 Current use
- COMMERCIAL (GENERAL)
- $4,800,000 Change: -6% Conversion: Easy
- MEDICAL BUILDING
- $4,155,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.6444
- Latitude
- 30.1885
- CBSA code
- 37460
- CBSA name
- PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$107,889
$3,400,000
$3,043,493
$6,443,493
-
$3,400,000
$3,043,493
$6,443,493
