2300 Martin Luther King JrPanama City, FL 32405

  • Retail properties
  • 130,962 SF
Off market

Property Details for 2300 Martin Luther King Jr

Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
11.84 AC
Property size (Sq ft)
130,962 SF
Zone code
PC09
Property type
Retail properties
Property subtype
Outlet malls
APN
12984-000-000
APU
12984000000

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $35,222,456
    6.5%
    $32,513,036
    7%
    $30,190,676
  • Comparable approach

    Method
    Valuation
    Relative Method
    $23,461,424
    Geo Method
    $23,461,424
  • Alternative Use

    Use
    Valuation
    Residential
    $27,425,962
    Hospitality
    $25,122,034
    Educational
    $20,901,236
    Medical
    $21,620,062
    Retail
    $32,513,036
2300 Martin Luther King Jr, Panama City, Florida

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.1912
Longitude
-85.6488
CBSA code
37460
CBSA name
PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$99,211
$4,440,000
$1,587,100
$6,027,100
-
$4,440,000
$1,587,100
$6,027,100

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