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Property profile & analytics
FOR LEASE
Outlet malls
2333 Highway 77 N Panama City, FL 32405
Individually Owned
5-yr Hold
Free & Clear
Property ID
US18-6126773
For Lease
1 / 25
$17 SF/Yr
2333 Highway 77 N, Panama City, FL 32405
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1983
Construction
STEEL FRAME
Total area
71,350 SF
Lot
4.82 ac (209,916 SF)
Zoning code
PC09
APN
12954-030-000
UPID
US18-6126773
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
$3.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$3.73M
Owner & transaction history
Luther King Martin JR. · 5 yrs held
Luther King Martin JR.
since 2020
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
PC09 · Panama City, FL
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Panama City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Panama City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,675,000
ML approach
$3,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.73M
Range $3.35M – $4.10M · ±10% · vs last sale $3.70M (Aug 28 2020)
Last sale anchor
$3.70M
Aug 28 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$52 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$68,960
Tax year 2023
Assessed value
$4,337,783
Assessed 2023
Previous assessed
$3,660,520
+18.5% YoY
Effective rate
1.59%
On assessed value
Assessed land
$1,927,600
Assessed improvement
$2,410,183
Land market value
$1,927,600
Improvement market value
$2,410,183
Total market value
$4,337,783
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
OTHER
Stories
2
Rooms
7
Total area
71,350 SF
Lot
4.82 ac (209,916 SF)
Zoning code
PC09
APN
12954-030-000
UPID
US18-6126773
Jurisdiction
BAY
Zoning & alternative use
PC09 · Panama City, FLZoning PC09 · permitted uses
PC09 · Panama City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
7
Lot
4.82 ac
Current owner
From public records · entity-resolved
Luther King Martin JR.
Individual
Free & Clear · 5 yrs held
Mailing address
3669 N PEACHTREE RD, ATLANTA, GA 30341-2352
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
—
2329 Martin Luther King JR Blvd PC
—
Deed
related
$4,000,000 · Standard Insurance Co
Aug 28, 2020
—
Luther King Martin JR.
Luckys Market Parent Co LLC
Grant Deed
—
Sep 26, 2012
$1,530,000
Bk Hancock
Peoples First Cmnty Bk
Grant Deed
related
—
Feb 3, 2011
$3,099,000
Albertsons LLC
Abnk Panama City LLC
Grant Deed
—
Sep 2, 2008
$655,000
Abnk Panama City LLC
Lewiston Realty Trust
Grant Deed
—
Sep 2, 2008
$2,468,000
Abnk Panama City LLC
Lewiston Properties
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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