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Property profile & analytics
OFF-MARKET
Warehouses
2629 Canal Ave Panama City, FL 32405-5720
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7203809
Property summary
AI-generated overview
This single-tenant industrial warehouse at 2629 Canal Avenue offers flexible commercial storage solutions. Units range from 240 to 720 square feet, priced competitively at $7.00 per square foot. The property features 24/7 access for ultimate convenience and security cameras for peace of mind. While limited power is available in select units, this location is ideal for businesses needing cost-effective storage. Multiple unit sizes are available to accommodate various needs. For leases of six months or longer, commercial discounts are offered on units larger than 240 square feet. The property is designated as a single-tenant warehouse with one building suite, under APN 12670-006-000. The lot size is not currently specified. This is a fantastic opportunity for businesses seeking efficient and affordable warehouse space. The property is classified as industrial and is suitable for commercial use. Contact us today to learn more about available unit sizes and lease terms. This is a great opportunity to secure your business's storage needs at a competitive price point.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,280 SF
Lot
0.99 ac (43,167 SF)
APN
12670-006-000
UPID
US18-7203809
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
Current use
Occupant on record · Public records
-
Bay Palm Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ceo Pporerties Of Florida LLC · 8 yrs held
Ceo Pporerties Of Florida LLC
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,135
Tax year 2023
Assessed value
$353,902
Assessed 2023
Previous assessed
$327,988
+7.9% YoY
Effective rate
1.17%
On assessed value
Assessed land
$86,334
Assessed improvement
$267,568
Land market value
$86,334
Improvement market value
$267,568
Total market value
$353,902
Applied tax rate
55.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
88
Rooms
132
Total area
5,280 SF
Lot
0.99 ac (43,167 SF)
APN
12670-006-000
UPID
US18-7203809
Jurisdiction
BAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
88
Rooms
132
Lot
0.99 ac
Current owner
From public records · entity-resolved
Ceo Pporerties Of Florida LLC
Entity
Mailing address
4440 VIS LN, LYNN HAVEN, FL 32444-3458
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2019
—
Bay Palm Investments LLC
—
Deed
related
$360,000 · Wells Fargo Bank NA
Oct 16, 2017
$267,400
Ceo Pporerties Of Florida LLC
Mkp Holdigs LLC
Warranty Deed
$200,000 · Mkp Holding LLC
Oct 16, 2017
—
Mkp Holding LLC
Peaden Family 1989 Trust
Grant Deed
related
—
Mar 4, 2014
—
Mkp Holdings LLC
Peaden,michael D & Mary K
Warranty Deed
related
—
Feb 28, 2013
—
Michael D Peaden
Peaden Carol J
Quit Claim Deed
related
—
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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