Property profile

2338 State Ave Panama City, FL 32405

OFF-MARKET
Medical Office Space
Property ID
US18-4279098
2,604 SF 0.41 ac lot Built 1971
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1971
Construction WOOD
Total area 2,604 SF
Lot 0.41 ac (18,000 SF)
Zoning code PC06
APN 13011-011-000
UPID US18-4279098

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
  • Physician
  • Physician
  • Physician

Location

2338 State Ave Panama City, FL 32405-4361
Panama City metro Census 1502 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2021
Last sale
$430,000
4 recorded transactions
2021
$430,000
2004
$294,500
2002
$260,000
1969
Price N/A

Zoning & alternative use

PC06 · 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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