Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2726 15Th St Panama City, FL 32405
    Back to Search
    Property profile & analytics

    2726 15Th St, Panama City, FL 32405

    View on Map
    • Warehouses
    • 16,200 SF
    • 1.26 lot acres
    For Sale
    $6,550,000
    View Listing →
    Multi-Location Self-Storage and Industrial Portfolio For Sale
    $6,550,000
    101,235 SF

    Multi-Location Self-Storage and Industrial Portfolio

    Portfolio in Panama City, FL and Hattiesburg, MS totaling 101,235 SF.

    2726 15th Street, Panama City, FL 32405
    View Listing
    Property ID
    US18-4224765
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stow Pros / Storage Facility
    • DMH Storage LLC / Storage Facility

    Property Details for 2726 15Th St

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    1.26 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    15321-000-000
    APU
    15321000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 2, 2020 — Stow Pros LLC — Deed · related $206k · First Nat'l Bk/nw Fl
    May 30, 2018 $575,000 Stow Pros LLC Maharaj Storage LLC Warranty Deed $405k · Trustmark National Bank
    Aug 6, 2015 — Michael Garrett Byrd,herbert H Quit Claim Deed · related —
    Aug 6, 2015 $435,000 Maharaj Storage LLC Garrett,michael Warranty Deed $275k · Michael Garrett
    May 17, 2006 $500,000 Travis Garrett Dmh Storage LLC Warranty Deed —
    Mar 9, 2006 $537,000 Dmh Storage LLC Carmical,bob L Warranty Deed $430k · Prosperity Bank
    Dec 1, 2004 $525,000 Bob L Carmical Stewart,gabe W III Warranty Deed —
    Jun 5, 1998 $150,000 James E Smith Hart,danny J & Sybil L Grant Deed $175k · Individual
    — — Stow Pros LLC — Deed Of Trust · related $206k · First Nat'l Bk/nw Fl

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $589,000
      Market price range: $361k - $1.11M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6237
    Latitude
    30.1743
    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
    $7,632
    $219,414
    $394,152
    $613,566
    -
    $219,414
    $394,152
    $613,566

    Comparable in this City

    • Value Estimation
      $700,000
      10,800 SF

      1916 Monroe Ave

      MINI-WAREHOUSE, STORAGE
      1916 Monroe Ave, Panama City, FL 32405-4015
      View Details
    • Value Estimation
      $2,575,000
      78,400 SF

      3333 Minnesota Ave

      MINI-WAREHOUSE, STORAGE
      3333 Minnesota Ave, Panama City, FL 32405
      View Details
    • Value Estimation by Request
      9,600 SF

      1920 Sherman Ave

      MINI-WAREHOUSE, STORAGE
      1920 Sherman Ave, Panama City, FL 32405-6233
      View Details
    • Value Estimation by Request
      3,800 SF

      1809 Saint Andrews Blvd

      MINI-WAREHOUSE, STORAGE
      1809 Saint Andrews Blvd, Panama City, FL 32405-2868
      View Details
    • Value Estimation by Request
      7,140 SF

      1805 Grant Ave

      MINI-WAREHOUSE, STORAGE
      1805 Grant Ave, Panama City, FL 32405-1523
      View Details
    • Value Estimation
      $745,000
      30,800 SF

      1315 Saint Andrews Blvd

      MINI-WAREHOUSE, STORAGE
      1315 Saint Andrews Blvd, Panama City, FL 32405-2716
      View Details

    Similar Nearby for Sale

    • $3,490,000
      16,600 SF

      Panama City Warehouse with Office

      16,600 sqft commercial warehouse with office space for sale.
      2816 Forester Trl, Panama City, FL 32405
      View Details
    • $1,300,000
      3,600 SF

      Highway 77 Retail Property

      2.1-acre property with retail building and highway frontage.
      3407 Highway 77 S, Panama City, FL 32405
      View Details
    • $2,495,000
      7,200 SF

      Highway 77 Commercial Property

      4.2-acre property with retail buildings and redevelopment potential.
      3407 Highway 77 S, Panama City, FL 32405
      View Details
    • Contact for pricing

      New Warehouse with Distribution Features

      30,000 SF warehouse with distribution and logistics features.
      2505 Industrial Dr, Panama City, FL 32405
      View Details
    • $1,825,000
      196,020 SF

      Versatile Land with Development Potential

      4.5+/- acres with flexible zoning and warehouse options.
      2515 East 15Th St, Panama City, FL 32405
      View Details
    • Contact for pricing
      52,272 SF

      Commercial Lot in Premier Location

      1.65 acre commercial lot, design ready, ideal for development.
      1200 W 19Th St, Panama City, FL 32405
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Fenced Land with Flexible Zoning

      1.75 acre property with commercial and storage potential.
      2716 Canal Ave, Panama City, FL 32405
      View Details
    • $3,700 /Mo

      Office/Retail Space with Warehouse

      Commercial space with warehouse in a bustling, active environment.
      1833 N East Ave, Panama City, FL 32405
      View Details
    • $11 SF/Yr
      7,220 SF

      Climate Controlled Warehouse with Apartments

      Centrally located warehouse with office space and two apartments.
      1919 Drummond Ave, Panama City, FL 32405
      View Details
    • Contact for pricing
      107,890 SF

      Renovated Warehouse/Distribution/Manufacturing Space

      Recently renovated warehouse/distribution/light manufacturing space available for lease.
      909 West 39Th St, Panama City, FL 32405
      View Details
    • $52,200
      6,438 SF

      Panama City Commercial Space Available

      Versatile 6,438 sqft commercial space for rent in Panama City.
      1833 N East Ave, Panama City, FL 32405
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2726 15Th St
    Panama City, FL 32405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2726 15Th St, Panama City, FL, 32405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!