Financial
Distress signals
Property profile

5620 Cherry St Panama City, FL 32404

FOR LEASE
Medical Office Space
Property ID
US19-0908421
4,880 SF 0.83 ac lot Built 1986
Last sale Apr 2021 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial office space within a first-class office building, located just off the intersection of Cherry Street and Highway 98. The available suite measures approximately 10,168 square feet and is presented as a vanilla shell, with interior buildout configured to be customized to a tenant’s specifications. The space is suitable for office use and can be finished to accommodate a business’s operational layout needs.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$406k
Assessed land$102k
Assessed improvement$304k
Effective rate1.39%

Value estimate

· Sep 2026
$360k
$324k – $396k
AI approach$385k
NOI build-up
Gross scheduled income$287k
Vacancy & credit loss−$59k
Operating expenses−$57k
NOI · 1,139,780.00% cap applied$171k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$119/SF
Submarket average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$71 – $162

Cap rate analysis

How does the asset earn?
1,139,780.00%
$171k 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?
CLWY04
JurisdictionBAY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.7
Law Firm29.3
Building Supply27.5

Location

5620 Cherry St Panama City, FL 32404
County assessor Recorded deeds · 7 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

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
200 Star, Panama City, FL 32404-7615 $925,000 Jul 2025 4,535 SF
3520 15th, Panama City, FL 32404-5831 $360,000 Feb 2025 4,348 SF
438 Tyndall, Panama City, FL 32404-6745 $440,000 Dec 2023 2,503 SF
238 Sudduth, Panama City, FL 32404-6741 $210,000 Jun 2022 6,044 SF
6029 Hwy 98, Panama City, FL 32404-7488 $170,000 Jul 2021 1,896 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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