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Financial
Distress signals
Property profile

551 Harrison Ave Panama City, FL 32401

FOR SALE
Retail space
Property ID
US18-3442863
31,875 SF 0.24 ac lot Built 1959
Last sale Dec 2021 · $950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A solidly constructed three-level commercial building with a versatile open floor plan arranged to support a range of interior uses. The main floor includes two entrances—one providing direct access from Harrison Avenue and another accessed from an alley off Grace Avenue—along with an additional front entrance on Harrison Avenue that leads to the stairway serving the top floor, supporting access for multi-business use within the building. Public parking is available along Harrison Avenue and at…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$899k
Assessed land$276k
Assessed improvement$624k
Effective rate1.95%

Value estimate

· Oct 2026
$685k
$617k – $754k
AI approach$765k
Submarket $/SF estimate$949k
NOI build-up
Gross scheduled income$543k
Vacancy & credit loss−$45k
Operating expenses−$150k
NOI · 19.39% cap applied$349k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$88/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$34 – $147

Cap rate analysis

How does the asset earn?
19.39%
$349k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PC10
JurisdictionBAY

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center13.4
Auto Parts Store13.3
Auto Repair Shop13.0

Location

551 Harrison Ave Panama City, FL 32401
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1217 Harrison, Panama City, FL 32401-2432 $825,000 Jun 2025 7,505 SF
2800 5th, Panama City, FL 32401-5208 $395,000 Jun 2024 16,500 SF
2630 11th, Panama City, FL 32401-4407 $1,775,000 Dec 2023 6,583 SF
102 4th, Panama City, FL 32401-3109 $755,000 Sep 2023 12,872 SF
436 Harrison, Panama City, FL 32401-2732 $1,500,000 Nov 2022 19,800 SF
1347 15th, Panama City, FL 32401-2048 $2,250,000 Jun 2022 12,655 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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