Property profile

1151 15th St Panama City, FL 32405

OFF-MARKET
Office Spaces
Property ID
US18-7560555
3,658 SF 1.97 ac lot Built 1977
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1977
Construction STEEL FRAME
Total area 3,658 SF
Lot 1.97 ac (85,639 SF)
Zoning code PC11
APN 14443-020-000
UPID US18-7560555

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Waste Management Facility

Location

1151 15th St Panama City, FL 32405-6103
Panama City metro Census 1600 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$570k
Comparable Approach Comparable
$609k
Blend (final) Blend
$215k

Owner & transaction history

since 2017
6 recorded transactions
2019
Price N/A
2019
Price N/A
2017
$550,000
2010
$150,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PC11 · Panama City, FL
Top alternative use upside
Office building $780,000 +46.4%
Retail stores $565,000 +6.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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