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    Property profile & analytics

    2800 5th St Panama City, FL 32401-5208

    • Grocery and convenience stores
    • 16,500 SF
    • 1.88 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Last Sale
    Jun 03, 2024
    $395,000
    Location Intelligence
    Property ID
    US18-2841640
    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.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 2800 5th St

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.88 lot acres
    Property size
    16,500 SF
    Zone code
    PC09
    Property type
    Grocery and convenience stores
    APN
    23290-000-000
    APU
    23290000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $330,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $320,000
      Mixed-Use
      $385,000
      Hospitality
      $300,000
      Educational
      $320,000
      Residential Income
      $365,000
      Energy
      $305,000
      Income-Based Land
      $315,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6238
    Latitude
    30.1561
    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
    $7,321
    $369,000
    $91,502
    $460,502
    -
    $369,000
    $91,502
    $460,502

    Comparable in this City

    • Value Estimation by Request
      7,784 SF

      3425 Hwy 98

      CONVENIENCE STORE • 7,784 SF
      3425 Hwy 98, Panama City, FL 32401-5654
      View Details
    • Value Estimation
      $355,000
      10,760 SF

      2401 5th St

      GROCERY, SUPERMARKET • 10,760 SF
      2401 5th St, Panama City, FL 32401-4776
      View Details
    • Value Estimation
      $325,000
      3,404 SF

      1100 Jenks Ave

      CONVENIENCE STORE • 3,404 SF
      1100 Jenks Ave, Panama City, FL 32401-2439
      View Details
    • Value Estimation by Request
      4,808 SF

      804 School Ave

      CONVENIENCE STORE • 4,808 SF
      804 School Ave, Panama City, FL 32401-5153
      View Details
    • Value Estimation
      $1,580,000
      6,583 SF

      2630 11th St

      CONVENIENCE STORE • 6,583 SF
      2630 11th St, Panama City, FL 32401-4407
      View Details
    • Value Estimation
      $230,000
      3,221 SF

      2007 11th St

      CONVENIENCE STORE • 3,221 SF
      2007 11th St, Panama City, FL 32401-4444
      View Details

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    Similar Nearby for Lease

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    2800 5th St
    Panama City, FL 32401-5208
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    Realmo Value Estimation

    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.

    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.

    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
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