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    Property profile & analytics

    3618 23rd St Panama City, FL 32405-1835

    • Bars
    • 1,384 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Last Sale
    Aug 23, 2022
    Location Intelligence
    Property ID
    US18-2832344
    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

    • Ruby West Salon / Hair Salon

    Property Details for 3618 23rd St

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    1,384 SF
    Zone code
    BC05
    Property type
    Bars
    APN
    26988-000-000
    APU
    26988000000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.7078
    Latitude
    30.1902
    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
    $1,949
    $129,600
    $10,043
    $139,643
    -
    $129,600
    $10,043
    $139,643

    Comparable in this City

    • Value Estimation
      $385,000
      3,626 SF

      1508 Calhoun Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 3,626 SF
      1508 Calhoun Ave, Panama City, FL 32405-2618
      View Details
    • Value Estimation
      $230,000
      4,786 SF

      2907 Hwy 231

      NIGHTCLUB (COCKTAIL LOUNGE) • 4,786 SF
      2907 Hwy 231, Panama City, FL 32405-6801
      View Details
    • Value Estimation by Request

      2604 County Rd

      Restaurants
      2604 County Rd, Panama City, FL 32405
      View Details
    • Value Estimation by Request
      18,400 SF

      2343 Martin Luther King Jr Blvd

      RESTAURANT • 18,400 SF
      2343 Martin Luther King Jr Blvd, Panama City, FL 32405
      View Details
    • Value Estimation
      $1,235,000
      2,620 SF

      1200 23rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,620 SF
      1200 23rd St, Panama City, FL 32405-3609
      View Details
    • Value Estimation by Request
      3,300 SF

      610 23rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,300 SF
      610 23rd St, Panama City, FL 32405-3921
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    Similar Nearby for Lease

    • $32 SF/Yr
      1,400 SF

      Drive-Thru Endcap Suite For Rent

      Endcap suite with drive-thru in busy shopping center.
      742 W 23Rd St, Panama City, FL 32405
      View Details
    • Contact for pricing
      3,246 SF

      Former Restaurant Space Available

      Vacant restaurant space near Panama City Mall and Tyndall AFB.
      1020 E 23Rd St, Panama City, FL 32405
      View Details
    • Contact for pricing
      600,000 SF

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      Prime Mixed-Use, 54 Acres, 600,000 SF
      2150 Martin Luther King Jr Blvd, Panama City, FL 32405
      View Details
    • $16 SF/Yr
      29,826 SF

      Comcast Building Retail/Office Space

      6,250 SF available for lease in Panama City, FL.
      4001 W 23Rd St, Panama City, FL 32405
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    • Contact for pricing
      1,600 SF

      Retail Space Near Panama City Mall

      Retail space adjacent to Panama City Mall with national tenants.
      1000 E 23Rd St, Panama City, FL 32405
      View Details
    • $15 SF/Yr

      Retail Space in Panama City

      Open span retail space with office and breakroom.
      401 E 23Rd St, Panama City, FL 32405
      View Details

    Property Visit Statistics

    • Visits by month
      8.8k
    • Visitors by month
      5.3k
    • Avg Time on site
      6 min
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    3618 23rd St
    Panama City, FL 32405-1835
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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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