Property profile

202 Doctors Dr Panama City, FL 32405

OFF-MARKET
Medical Office Space
Property ID
US19-0900424
5,601 SF 0.45 ac lot Built 1993
Entity Owned 23-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1993
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,601 SF
Lot 0.45 ac (19,684 SF)
Zoning code PC09
APN 14168-030-002
UPID US19-0900424

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
  • Medical Clinic
  • Physician

Location

202 Doctors Dr Panama City, FL 32405-4454
Panama City metro Census 1502 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$769k
Blend (final) Blend
$640k

Owner & transaction history

since 2003
7 recorded transactions
2019
Price N/A
2017
Price N/A
2017
Price N/A
2003
$745,000
1996
$324,400
1996
$636,000
1969
Price N/A

Zoning & alternative use

PC09 · Panama City, FL
Top alternative use upside
Retail stores $865,000 +22.4%
Commercial (general) $815,000 +15.5%

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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