This exceptional 1750-square-foot office space in Panama City, Florida, presents a unique opportunity for businesses seeking a versatile and adaptable workspace. Located at 3712 E 3rd Street, zip code 32401, this single-tenant property offers a blank canvas for customization. The space features a prominent storefront area, perfect for retail or client interaction, leading into a spacious open room ideal for various office configurations. Two smaller offices are situated at the front of the open area, providing private workspaces. A third office is conveniently located near the well-equipped kitchen, which includes ample supplies. The property boasts French double doors providing an alternative entrance to the open room. The leased space is completely independent from the rear portion of the building, ensuring privacy and exclusive use. The property's APN is 23475-000-000. This is a fantastic opportunity to establish a thriving business in a desirable Panama City location. The lot size is not specified.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$887,617
6.5%
$819,339
7%
$760,815
Comparable approach
Method
Valuation
Relative Method
$591,184
Geo Method
$591,184
Alternative Use
Use
Valuation
Residential
$691,143
Hospitality
$633,083
Educational
$526,718
Medical
$544,832
Retail
$819,339
Location Insight
City
Panama City
County
Bay
State
Florida
Latitude
30.1528
Longitude
-85.6114
CBSA code
37460
CBSA name
PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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