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    Property profile & analytics

    3700 23rd St Panama City, FL 32405-1315

    • Drive through restaurants
    • 2,880 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Location Intelligence
    Property ID
    US18-2681166
    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

    • Subway / Caterer / Sandwich Shop

    Property Details for 3700 23rd St

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.32 lot acres
    Property size
    2,880 SF
    Zone code
    BC05
    Property type
    Drive through restaurants
    APN
    27022-000-000
    APU
    27022000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $230,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $260,000
      Mixed-Use
      $210,000
      Hospitality
      $260,000
      Educational
      $245,000
      Residential Income
      $195,000
      Energy
      $195,000
      Income-Based Land
      $190,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.7086
    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
    $3,493
    $165,240
    $51,226
    $216,466
    -
    $165,240
    $51,226
    $216,466

    Comparable in this City

    • 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
    • Value Estimation by Request
      5,682 SF

      1921 Martin Luther King Jr Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,682 SF
      1921 Martin Luther King Jr Blvd, Panama City, FL 32405-5314
      View Details
    • Value Estimation
      $300,000
      1,950 SF

      2808 23rd St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,950 SF
      2808 23rd St, Panama City, FL 32405-2353
      View Details
    • Value Estimation
      $1,245,000
      3,461 SF

      2399 Martin Luther King Jr Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,461 SF
      2399 Martin Luther King Jr Blvd, Panama City, FL 32405
      View Details
    • Value Estimation
      $1,670,000
      5,152 SF

      2263 Martin Luther King Jr Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,152 SF
      2263 Martin Luther King Jr Blvd, Panama City, FL 32405-5320
      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

      Panama City Mall Redevelopment

      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
      View Details
    • 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
      2.3k
    • Visitors by month
      2.5k
    • Avg Time on site
      21 min
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    3700 23rd St
    Panama City, FL 32405-1315
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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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