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Financial
Distress signals
Property profile

2117 E 3Rd St Panama City, FL 32401

FOR SALE
Turn key restaurants
Property ID
US18-4037954
1,918 SF 0.37 ac lot Built 1925
Last sale May 2023 · $200,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located at 2117 E 3rd Street in Panama City, this historic mixed-use commercial building was originally constructed in 1925. The property is configured with an interior designed for food and beverage service, including a commercial-style service area and ample indoor seating. It also includes an outdoor gathering space suited for social and event-oriented use, with the ability to support activities such as live music, game nights, and private gatherings, and it may accommodate expanded customer…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$93k
Assessed land$71k
Assessed improvement$22k
Effective rate1.60%

Value estimate

· Oct 2026
$170k
$153k – $187k
AI approach$175k
NOI build-up
Gross scheduled income$35k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 6.89% cap applied$24k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$242/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$109 – $388

Cap rate analysis

How does the asset earn?
6.89%
$24k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PC09
JurisdictionBAY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency26.8
Law Firm23.4
Restaurant16.6

Location

2117 E 3Rd St Panama City, FL 32401
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2135 3rd, Panama City, FL 32401-4831 $75,000 Jul 2025 2,290 SF
2318 5th, Panama City, FL 32401-4385 $875,000 Jan 2025 2,150 SF
4100 Hwy 98, Panama City, FL 32401-1171 $160,000 Aug 2024 2,210 SF
301 Cherry, Panama City, FL 32401-3253 $220,000 May 2024 2,096 SF
27 10th, Panama City, FL 32401 $320,800 Jan 2024 1,860 SF
1316 Jenks, Panama City, FL 32401-2443 $90,000 Jan 2024 2,556 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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