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    Property profile & analytics

    1408 23rd St Panama City, FL 32405-2904

    • Grocery and convenience stores
    • 6,510 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimation
    $890,000
    Location Intelligence
    Property ID
    US19-0841734
    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

    • Chevron Panama City / Gas Station / Convenience Store

    Property Details for 1408 23rd St

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.72 lot acres
    Property size
    6,510 SF
    Zone code
    BC04
    Property type
    Grocery and convenience stores
    APN
    13191-000-000
    APU
    13191000000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6839
    Latitude
    30.1902
    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
    $9,182
    $780,813
    $212,664
    $993,477
    -
    $780,813
    $212,664
    $993,477

    Comparable in this City

    • Value Estimation
      $195,000
      5,200 SF

      3919 Hwy 390

      CONVENIENCE STORE • 5,200 SF
      3919 Hwy 390, Panama City, FL 32405-3285
      View Details
    • Value Estimation by Request
      5,582 SF

      128 23rd St

      CONVENIENCE STORE • 5,582 SF
      128 23rd St, Panama City, FL 32405-4527
      View Details
    • Value Estimation
      $915,000
      2,250 SF

      2338 Stanford Rd

      CONVENIENCE STORE • 2,250 SF
      2338 Stanford Rd, Panama City, FL 32405-3549
      View Details
    • Value Estimation
      $310,000
      3,678 SF

      2735 Ave

      CONVENIENCE STORE • 3,678 SF
      2735 Ave, Panama City, FL 32405-7023
      View Details
    • Value Estimation
      $750,000
      6,280 SF

      2505 Hwy 231

      CONVENIENCE STORE • 6,280 SF
      2505 Hwy 231, Panama City, FL 32405-5858
      View Details
    • Value Estimation
      $1,520,000
      8,960 SF

      2219 Martin Luther King Jr Blvd

      CONVENIENCE STORE • 8,960 SF
      2219 Martin Luther King Jr Blvd, Panama City, FL 32405-5320
      View Details

    Similar Nearby for Sale

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      5,000 SF

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      Retail property with a new 20-year lease.
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      Retail opportunity: hair salon and auto repair businesses for sale.
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    Similar Nearby for Lease

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      2,830 SF

      Retail Space Near Home Depot

      Retail space available in July next to Home Depot.
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    • $12 SF/Yr
      5,000 SF

      Retail Space in Panama City

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    • $18 SF/Yr

      Comcast Building Retail/Office Space

      6245 SF space ideal for office or retail uses.
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    • Contact for pricing
      1,400 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 1,400 square feet.
      726-840 W 23Rd St, Panama City, FL 32405
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    • $16 SF/Yr
      29,826 SF

      Comcast Building Retail/Office Space

      6,250 SF available for lease in Panama City, FL.
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      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Panama City Mall

      Retail space adjacent to Panama City Mall with national tenants.
      1000 E 23Rd St, Panama City, FL 32405
      View Details

    Property Visit Statistics

    • Visits by month
      5.7k
    • Visitors by month
      3.5k
    • Avg Time on site
      10 min
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    1408 23rd St
    Panama City, FL 32405-2904
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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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