Property profile

2101 Jenks Ave Panama City, FL 32405

OFF-MARKET
Medical Office Space
Property ID
US18-3488496
5,801 SF 0.47 ac lot Built 1984
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 4,480 square foot medical office building, located at 2101 Jenks Ave in Panama City, Florida, is available for $1,420,000. Built in 1984 and classified as a Class B property, it sits on a 0.69-acre lot and is zoned GC-2 (Panama City). The single-unit building features a welcoming reception area, multiple exam rooms (several with plumbing), spacious physician offices with private bathrooms (including a shower in at least one), nurses' stations, private administrative areas, a breakroom, and restroom facilities. Second-floor space offers additional conference rooms or open administrative areas with another bathroom. Ample on-site parking ensures convenient access for patients and staff. Recently updated with modern finishes, the building is ADA-compliant and designed for efficient patient flow. Its strategic location on Jenks Avenue, near HCA Gulf Coast Medical Center, major hospitals, medical centers, and Panama City's main retail corridors, makes it ideal for a variety of medical uses, including medical offices, dental practices, outpatient care facilities, or specialty medical services. The property is vacant and move-in ready. A virtual tour is available online.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Construction WOOD
Total area 5,801 SF
Lot 0.47 ac (20,400 SF)
Zoning code PC09
APN 14169-057-000
UPID US18-3488496

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
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician
  • Physician

Location

2101 Jenks Ave Panama City, FL 32405-4511
Panama City metro Census 1502 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.38M
CAP Approach CAP
$1.25M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.29M

Owner & transaction history

since 2025
Last sale
$1.5M
4 recorded transactions
2025
Price N/A
2025
$1.5M
1999
$376,100
1969
Price N/A

Zoning & alternative use

PC09 · Panama City, FL
Top alternative use upside
Restaurant $1.4M +91.9%
Office building $1.2M +69.1%
Retail stores $895,000 +22.4%

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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