2491 Martin Luther King Jr Blvd Panama City, FL 32405-4405
Property profile & analytics
2491 Martin Luther King Jr Blvd, Panama City, FL 32405-4405
- Strip malls
- 22,350 SF
- 3.22 lot acres
Property ID
US18-5026376
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 2491 Martin Luther King Jr Blvd
- Year built
- 1984
- Construction
- STEEL FRAME
- Lot size
- 3.22 lot acres
- Zone code
- PC09
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 12855-020-010
- APU
- 12855020010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 16, 2019 | — | Gilbergs Plaza LLC | — | Deed · related | $1.9M · Renasant Bk |
| Feb 28, 2019 | — | Gilbergs Plaza LLC | Gulf Management LLC | Warranty Deed | — |
| — | — | Gilbergs Plaza LLC | — | Deed Of Trust · related | $1.9M · Renasant Bk |
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,685,000
- 6.5%
- $4,325,000
- 7%
- $4,015,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,421,000
Market price range: $766k - $5.49M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $3,265,000 Current use
- OFFICE BUILDING
- $4,440,000 Change: +36% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.6509
- Latitude
- 30.1926
- CBSA code
- 37460
- CBSA name
- PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,397
$682,852
$752,345
$1,435,197
-
$682,852
$752,345
$1,435,197
