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Property profile & analytics
OFF-MARKET Estimated value $1,050,000
Medical Office Space

22901 Panama City Bch Pkwy Panama City Beach, FL 32413-1157

3,418 SF 0.68 ac lot Built 1996
Entity Owned Free & Clear
Property ID
US18-5064405
Property summary
AI-generated overview

This exceptional 1-story medical office building, located at 22901 Panama City Beach Parkway, Panama City Beach, FL 32413, is offered at $1,400,000. Renovated in 2018, the property boasts a fresh, seaside aesthetic. The spacious, open-concept reception and waiting area seamlessly flows into six exam rooms, providing ample space for patient care. Three private offices offer additional privacy for consultations or administrative tasks. A well-equipped triage station ensures efficient patient flow, while a large kitchen and break room combination provides a comfortable space for staff. Multiple common area desk spaces cater to various needs, complemented by a second break room and ample storage. Two half-baths and one full bath add convenience. The property features 20 surface-level parking spaces, ensuring easy access for patients and staff. Zoned C-3, this versatile property offers potential for reimagining as a private office. Its convenient location, bordering a small dune lake, provides easy access from both Bay and Walton Counties, making it an attractive investment opportunity in a thriving coastal community.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1996
Construction WOOD
Total area 3,418 SF
Lot 0.68 ac (29,751 SF)
Zoning code BC05
APN 36076-026-000
UPID US18-5064405
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.05M
CAP Approach CAP
$735k
Comparable Approach Comparable
$756k
Blend (final) Blend
$1.05M
Owner & transaction history
Wmg Acquisitions LLC
Wmg Acquisitions LLC
since 2026
Last sale
$1.2M
7 recorded transactions
2026
$1.6M
2026
Price N/A
2025
Price N/A
2021
$1.2M
2019
$1.1M
2016
$950,000
2013
$500,000
Zoning & alternative use
BC05 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.6M +224.9%
Commercial (general) $855,000 +71.3%
Office building $685,000 +37.3%
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