Property profile

2300 Michigan Ave Panama City, FL 32405

OFF-MARKET
Car washes
Property ID
US18-5234816
1,980 SF 0.3 ac lot Built 2002
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 2002
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,980 SF
Lot 0.3 ac (13,200 SF)
Zoning code PC09
APN 26989-000-000
UPID US18-5234816

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2300 Michigan Ave Panama City, FL 32405
Panama City metro Census 2500 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$975k
CAP Approach CAP
by Request
Comparable Approach Comparable
$897k
Blend (final) Blend
$1.00M

Owner & transaction history

since 2020
Last sale
$1.0M
5 recorded transactions
2024
Price N/A
2020
$1.0M
2002
Price N/A
2002
$135,000
1969
Price N/A

Zoning & alternative use

PC09 · Panama City, FL

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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