Property profile

2338 Mercedes Ave Panama City, FL 32405

OFF-MARKET
Turn key restaurants
Property ID
US19-0744285
5,262 SF 0.72 ac lot Built 2005
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,262 SF
Lot 0.72 ac (31,500 SF)
Zoning code PC09
APN 12848-010-000
UPID US19-0744285

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

2338 Mercedes Ave Panama City, FL 32405-5260
Panama City metro Census 1302 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2015
7 recorded transactions
2015
Price N/A
2015
$3.2M
2011
$2.3M
2003
$675,000
2002
$354,500
2000
$300,000
1997
$130,000

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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