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    221 23rd St Panama City, FL 32405-7612
    Property profile & analytics

    221 23rd St Panama City, FL 32405-7612


    • Medical Office Space
    • 8,468 SF
    • 0.64 lot acres
    Off-Market
    Last Sale Oct 2, 2023
    $1,350,000
    Property ID
    US18-0597826
    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.

    Value Estimations
    $1,210,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Seaside Spine / Alternative Medicine Practice
    • ARACELIA BERNIER, M.D. / Physician
    • Dr. Timothy G. Moriarty, MD / Physician
    • laser spine surgery / Physician
    • Pizza Hut / Take-out & Catering

    Property Details for 221 23rd St

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.64 lot acres
    Property size
    8,468 SF
    Zone code
    PC09
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    12976-013-000
    APU
    12976013000

    Description

    This exceptional 2,720-square-foot medical office suite, located at 221 E 23rd Street, presents a unique investment opportunity. Built in 1980, the single-tenant property boasts a highly desirable location offering excellent visibility and signage. Its strategic placement ensures easy access and proximity to a variety of commercial businesses, including numerous national retailers. The suite's convenient location is further enhanced by its close proximity to both Ascension Sacred Heart Bay and HCA Florida Gulf Coast Hospitals, making it an ideal setting for medical professionals seeking a thriving patient base. The interior layout is well-designed and functional, featuring a spacious lobby/waiting area complete with a check-in window. Nine exam rooms/office spaces provide ample room for patient consultations and administrative tasks. Three executive offices offer private space for administrative staff or specialists. A convenient kitchen/breakroom and two restrooms add to the overall functionality and comfort of the space. The property's APN is 12976-013-000. This turnkey medical office suite is ready for immediate occupancy and represents a compelling opportunity for medical practices seeking a well-appointed and strategically located space. The property is currently vacant.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,150,000
      ML approach
      $1,140,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,057,000
      Market price range: $707k - $1.37M
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,070,000
      Current use
      OFFICE BUILDING
      $1,810,000
      Change: +69% Conversion: Easy
      RETAIL STORES
      $1,310,000
      Change: +22% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,235,000
      Change: +15% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6558
    Latitude
    30.1901
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, 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
    $12,145
    $699,138
    $160,213
    $859,351
    -
    $699,138
    $160,213
    $859,351
    More about this property
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