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    Property profile & analytics

    1629 Coastal Hwy Panacea, FL 32346

    • Super regional malls
    • 6,080 SF
    • 0.34 lot acres
    For Sale
    View listing
    $284,900
    Value Estimation
    Last Sale
    Aug 30, 2024
    $150,000
    Location Intelligence
    Property ID
    US18-8475887
    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

    • Super regional malls

    Property Details for 1629 Coastal Hwy

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.34 lot acres
    Property size
    6,080 SF
    Property type
    Super regional malls
    APN
    24-5S-02W-000-02970-000
    APU
    245S02W00002970000

    Description

    This exceptional commercial property presents a unique investment opportunity in the heart of Panacea, Florida. Situated on a desirable 0.95-acre lot with 250 feet of highway frontage, this 6,000 square foot building boasts stunning Dickerson Bay views. The property features ample parking, catering to a high volume of customers. Recent renovations include a new metal roof, plumbing, electrical system, Hardie siding, sump pump, fixtures, and fresh paint throughout. The building is equipped with commercial-grade stainless steel equipment, which will convey with the sale. This versatile space is ideally suited for a variety of businesses, including restaurants, oyster bars, event venues, or bars. Its prime location and extensive upgrades make it a truly exceptional offering. Interior photos will be available shortly. The property's extensive highway frontage and ample parking ensure high visibility and accessibility. Don't miss this chance to own a thriving commercial space in a sought-after coastal location. Endless possibilities await!

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $185,000
      7%
      $170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $190,000
      Geo Method
      $165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $165,000
      Mixed-Use
      $205,000
      Hospitality
      $220,000
      Educational
      $200,000
      Residential Income
      $210,000
      Energy
      $175,000
      Income-Based Land
      $200,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Panacea
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3875
    Latitude
    30.0404
    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
    $2,354
    $41,250
    $44,073
    $85,323
    -
    $41,250
    $44,073
    $85,323

    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
      $255,000
      7,168 SF

      1353 Coastal Hwy

      MINI-MALL • 7,168 SF
      1353 Coastal Hwy, Panacea, FL 32346-2157
      View Details

    Similar Nearby for Sale

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      Florida Coastal Convenience Stores

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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
      View Details
    • $30,000
      0.22 Acres

      Commercial Lot on Coastal Highway

      Prime commercial lot with highway frontage in Panacea, Florida.
      Coastal Hwy, Panacea, FL 32346
      View Details
    • Contact for pricing
      0.34 Acres

      Residential Land Near Ochlockonee Bay

      Two level lots near Ochlockonee Bay and Gulf of Mexico.
      Alapaha Ave, Panacea, FL 32346
      View Details
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    1629 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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