Property profile

1522 Chestnut Ave Panama City, FL 32405

OFF-MARKET
Other office properties
Property ID
US18-3306903
1,988 SF 0.21 ac lot Built 1947
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

The property is a commercial building containing approximately 1,780 square feet of interior space on a 0.212-acre lot, located near the historic St. Andrews Bay area. It is configured as an office with a reception area, a meeting room, and a private restroom. Customer parking is provided at the front of the property, with staff parking located toward the rear. The site is situated near bayfront dining and has views associated with the St. Andrews Bay and nearby docks, with Oaks by the Bay and Hotel Indigo within the surrounding area. The property is zoned for general commercial use, supporting a range of business operations.

Property profile

Verified
Property type Other office properties
Use group OFFICE (GENERAL)
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,988 SF
Lot 0.21 ac (9,240 SF)
APN 29507-000-000
UPID US18-3306903

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
  • Newspaper & Magazine Publishing House
  • Marketing & Advertising Advertising Agency

Location

1522 Chestnut Ave Panama City, FL 32405-2576
Panama City metro Census 2300 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2025
Last sale
$337,000
4 recorded transactions
2025
$337,000
2019
$200,000
2013
Price N/A
2002
$63,000

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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