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Financial
Distress signals
Property profile

1000 E 23Rd St Panama City, FL 32405

FOR LEASE
Retail space
Property ID
US18-4825085
32,920 SF 6.8 ac lot Built 2004
Last sale Sep 2013 · $8,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$108k
Tax billed · 2023
Assessed value$6.44M
Assessed land$3.40M
Assessed improvement$3.04M
Effective rate1.67%

Value estimate

· Oct 2026
$4.02M
$3.62M – $4.42M
CAP approach$5.55M
Submarket $/SF estimate$2.87M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$155/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$59 – $208

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PC09
JurisdictionBAY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.2
Furniture Store10.3
Parking Facility10.2

Location

1000 E 23Rd St Panama City, FL 32405
County assessor Recorded deeds · 4 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2400 Saint Andrews, Panama City, FL 32405-2169 $1,500,000 Mar 2024 8,981 SF
1512 23rd, Panama City, FL 32405-2905 $400,000 Aug 2023 10,850 SF
841 23rd, Panama City, FL 32405-3926 $2,336,700 Apr 2023 15,408 SF
3441 Baldwin, Panama City, FL 32405-6928 $2,458,700 Jan 2023 10,934 SF
507 23rd, Panama City, FL 32405-5307 $2,750,000 Nov 2021 9,640 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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