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Financial
Distress signals
Property profile

226 23rd St Panama City, FL 32405

OFF-MARKET
Drive through restaurants
Property ID
US18-3326776
2,335 SF 0.68 ac lot Built 2022
Last sale Jun 2026 · $2,245,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This single-tenant commercial property in Panama City, Florida was constructed in 2022 and contains approximately 2,245 square feet of space. It is located directly adjacent to HCA Florida Gulf Coast Hospital, a 282-bed regional medical center, and is situated within a dense retail corridor with nearby national big-box retailers including Publix, Walmart, Lowe’s, Home Depot, Target, and Sam’s Club. The property has been configured as a cannabis dispensary facility.

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?
$20k
Tax billed · 2023
Assessed value$1.23M
Assessed land$742k
Assessed improvement$490k
Effective rate1.61%

Value estimate

· Oct 2026
$485k
$437k – $534k
AI approach$420k

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PC09
JurisdictionBAY

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store16.1
Building Supply14.1
Kitchen & Bath13.9

Location

226 23rd St Panama City, FL 32405-4505
County assessor Recorded deeds · 8 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Panama City, FL 32405-6278 $500,000 Jun 2025 2,864 SF
1602 23rd, Panama City, FL 32405-2914 $8,000 May 2024 3,117 SF
3102 23rd, Panama City, FL 32405-1829 $875,000 Feb 2024 2,284 SF
1020 23rd, Panama City, FL 32405-5329 $1,900,000 Dec 2023 3,246 SF
3439 Hwy 77, Panama City, FL 32405-5009 $1,075,000 Nov 2023 2,806 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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