2399 Martin Luther King JrPanama City, FL 32405

  • Retail properties
  • 3,461 SF
Off market
$7,013,160 Estimated

Property Details for 2399 Martin Luther King Jr

Year built
1986
Construction
WOOD
Lot size
0.70 AC
Property size (Sq ft)
3,461 SF
Zone code
PC09
Property type
Retail properties
Property subtype
Drive through restaurants
APN
12954-040-000
APU
12954040000

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $930,840
    6.5%
    $859,237
    7%
    $797,863
  • Comparable approach

    Method
    Valuation
    Relative Method
    $620,027
    Geo Method
    $620,027
  • Alternative Use

    Use
    Valuation
    Residential
    $724,799
    Hospitality
    $663,912
    Educational
    $552,367
    Medical
    $571,364
    Retail
    $859,237
2399 Martin Luther King Jr, Panama City, Florida

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.192
Longitude
-85.6505
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
$11,910
$335,412
$363,154
$698,566
-
$335,412
$363,154
$698,566

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