Property profile

423 15th St Panama City, FL 32405

OFF-MARKET
Manufacturing properties
Property ID
US18-4843308
47,110 SF 8.88 ac lot Built 2008
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 47,110 SF
Lot 8.88 ac (386,769 SF)
Zoning code PC09
APN 14471-000-000
UPID US18-4843308

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

423 15th St Panama City, FL 32405-5410
Panama City metro Census 1600 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.69M
CAP Approach CAP
$4.78M
Comparable Approach Comparable
$6.01M
Blend (final) Blend
$4.27M

Owner & transaction history

since 2023
Last sale
$5.0M
7 recorded transactions
2023
Price N/A
2023
$5.0M
2015
Price N/A
2010
Price N/A
2007
Price N/A
2007
$1.5M
2006
$1.3M

Zoning & alternative use

PC09 · Panama City, FL
Top alternative use upside
Retail stores $7.3M +96.8%
Commercial (general) $6.9M +85.7%
Medical building $5.9M +60.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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