340 23rd St Panama City, FL 32405-7600
Property Lookup
Property profile & analytics
340 23rd St Panama City, FL 32405-7600
- Office properties & Spaces
- 8,109 SF
- 0.66 lot acres
Property ID
US18-4984323
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
- Clear Title & Escrow / Real Estate Consultant / Title Company
- Marine Corps Recruiting Panama City / Military Recruiting Office
- Lotus Cannabis Clinic / Medical Clinic
- Katie Bergman / Counselor
- Florida Mind Health Center For Ketamine Therapy / Medical Clinic
Property Details for 340 23rd St
- Year built
- 1987
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.66 lot acres
- Property size
- 8,109 SF
- Zone code
- PC09
- Property type
- Office properties & Spaces
- APN
- 13006-000-000
- APU
- 13006000000
Description
This single-story, 7,500 square foot Class B office building, located at 340 W 23rd Street, Bay County, offers flexible office space ideal for a variety of businesses. Built in 1987 and renovated in 2015, the property features a convenient, central location with easy access to State Ave. The building is zoned Commercial (APN: 13006-010-000) and currently consists of one suite, divisible into units ranging from 1,250 to 2,500 contiguous square feet. The maximum contiguous space available is 2,500 square feet. Each office boasts an 8-foot ceiling height and includes well-appointed features such as built-in office spaces, a reception area, break room, copy room, and two half-bathrooms. While there are no elevators, the single-story design ensures easy accessibility. This is an exceptional opportunity to secure affordable, renovated office space in a high-traffic, centrally located area. Floor plans are available upon request. The lot size is 0 square feet.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,370,000
- 6.5%
- $1,265,000
- 7%
- $1,175,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,599,000
- AI Estimate
- $1,249,000
Market price range: $542k - $2.61MMarket price range: $423k - $1.54M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,180,000 Current use
- RESTAURANT
- $1,965,000 Change: +66% Conversion: Difficult
- OFFICE BUILDING
- $1,730,000 Change: +46% Conversion: Easy
- RETAIL STORES
- $1,255,000 Change: +6% Conversion: Easy
- MEDICAL BUILDING
- $1,025,000 Change: -13% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.666
- Latitude
- 30.1901
- 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
$14,865
$692,081
$290,677
$982,758
-
$692,081
$290,677
$982,758
