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    Property profile & analytics

    1353 Coastal Hwy Panacea, FL 32346

    • Community centers
    • 7,168 SF
    • 0.64 lot acres
    For Sale
    View listing
    $289,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-2698931
    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

    • Community centers

    Property Details for 1353 Coastal Hwy

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.64 lot acres
    Property size
    7,168 SF
    Property type
    Community centers
    APN
    24-5S-02W-287-03041-A02
    APU
    245S02W28703041A02

    Description

    This exceptional commercial property presents a unique investment opportunity in the desirable coastal town of Panacea, Florida. Situated at 1353 Coastal Highway, Unit 1353, this expansive 6,720 square foot building sits on a generous 0.92-acre lot, offering significant potential for a variety of commercial ventures. Its prime location provides easy access to the water and is conveniently close to a selection of popular restaurants, ensuring high visibility and convenient access for customers and employees. The property's size and location make it ideal for businesses seeking a prominent presence in a thriving coastal community. All measurements are approximate and should be verified independently. The asking price for this remarkable property is $289,000. This represents a compelling opportunity to acquire a substantial commercial space in a highly sought-after location. Serious inquiries are encouraged to explore the possibilities this property offers. Don't miss this chance to establish your business in a vibrant and growing area. Further details and viewing arrangements can be made upon request. Act quickly, as opportunities like this are rare.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $190,000
      6.5%
      $205,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $205,000
      Mixed-Use
      $220,000
      Hospitality
      $215,000
      Educational
      $180,000
      Residential Income
      $195,000
      Energy
      $235,000
      Income-Based Land
      $210,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Panacea
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3899
    Latitude
    30.029
    CBSA code
    45220
    CBSA name
    TALLAHASSEE, 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
    $2,997
    $49,125
    $78,482
    $127,607
    -
    $49,125
    $78,482
    $127,607

    Comparable in this City

    • Value Estimation
      $265,000
      5,760 SF

      1349th Coastal Hwyc

      MINI-MALL • 5,760 SF
      1349th Coastal Hwyc, Panacea, FL 32346-2156
      View Details
    • Value Estimation
      $255,000
      7,536 SF

      1325 Coastal Hwy

      MINI-MALL • 7,536 SF
      1325 Coastal Hwy, Panacea, FL 32346-2156
      View Details
    • Value Estimation by Request
      1,920 SF

      1331 Coastal Hwy

      MINI-MALL • 1,920 SF
      1331 Coastal Hwy, Panacea, FL 32346
      View Details
    • Value Estimation by Request
      1,920 SF

      1339 Coastal Hwy

      MINI-MALL • 1,920 SF
      1339 Coastal Hwy, Panacea, FL 32346-2156
      View Details
    • Value Estimation by Request
      2,035 SF

      1138 Coastal Hwy

      MINI-MALL • 2,035 SF
      1138 Coastal Hwy, Panacea, FL 32346-2404
      View Details
    • Value Estimation
      $160,000
      6,080 SF

      1629 Coastal Hwy

      REGIONAL SHOPPING CENTER, MALL • 6,080 SF
      1629 Coastal Hwy, Panacea, FL 32346-2163
      View Details

    Similar Nearby for Sale

    • $249,000
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      Commercial property with bay doors, car lift, and studio apartment.
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      Florida Coastal Convenience Stores

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      1306 Coastal Hwy, Panacea, FL 32346
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    • $125,000
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      Coastal Highway Retail Opportunity

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      1331 Coastal Hwy, Panacea, FL 32346
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    • $284,900
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      Highway Frontage Commercial Building

      Commercial building with highway frontage, suitable for various business ventures.
      1629 Coastal Hwy, Panacea, FL 32346
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    • $30,000
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      Panacea Commercial Lot - Highway Frontage

      Prime Panacea location, highway frontage, build your business.
      Hwy, Panacea, FL 32346
      View Details
    • $35,000
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      Coastal Homesite in Gated Community

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      View Details
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    1353 Coastal Hwy
    Panacea, FL 32346
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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