Realmo Analytics

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Financial
Distress signals
Property profile

615 Highway 231 N Panama City, FL 32405

FOR SALE
Retail residential properties
Property ID
US18-9326104
65,955 SF 5.18 ac lot Built 1968
Last sale Sep 2008 · $5,825,000
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a professionally built-out office space totaling approximately 9,114 square feet within Mariner Plaza. The interior is configured with a flexible mix of training classrooms, conference rooms, private offices, and open flex space. The space underwent renovation in 2019 and features a replaced roof and updated HVAC systems. Access is supported by multiple ingress and egress points from Highway 231, Highway 77, and 19th Street. The setting includes on-site parking and frontage…

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?
$48k
Tax billed · 2023
Assessed value$3.40M
Assessed land$1.04M
Assessed improvement$2.36M
Effective rate1.40%

Value estimate

· Oct 2026
$5.21M
$4.69M – $5.73M
Submarket $/SF estimate$5.53M
NOI build-up
Gross scheduled income$921k
Vacancy & credit loss−$75k
Operating expenses−$254k
NOI · 4,225,642.86% cap applied$592k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$146/SF
ZIP average, outlier-cleaned · 81 recorded sales of this use type
Observed band · Q1–Q3$67 – $322
Qualifying comparables3

Cap rate analysis

How does the asset earn?
4,225,642.86%
$592k 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?
PC09
JurisdictionBAY

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.6
Storage Facility8.8
Dry Cleaner8.8

Location

615 Highway 231 N Panama City, FL 32405
County assessor Recorded deeds · 7 transfers 3 qualifying comp sales 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

1 recorded sale · 15 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
500 23rd St, Panama City, FL 32405-5308 $10,750,000 May 2022 8,030 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
4 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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