Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Beachfront Land in Rio Mar Title is generated by Realmo AI

    San Carlos, Panama Oeste,

    View on Map
    Claim this Listing
    For Sale
    $1,900,000

    Land, Other - Panama Oeste

    Type:Mixed Use
    Added:
    Mar 24, 2026
    Days on Market:
    65
    Last Refresh:
    May 27 at 12:06 pm

    Property Features

    General Information

    Property type
    Land
    Property subtype
    Mixed Use
    Standard status
    Active

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ciara Caponi

    Listing agent Ciara Caponi

    Listing office Engel & Völkers Panama City Time Square Center, Avenida Del Sol, Local 9, Costa del Este, Panama City

    Listing date Mar 24, 2026

    MLS# AM-5054351 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Beachfront land in Rio Mar
    • Located next to Rio Mar Luxury Residences
    • RM1 zoning ideal for real estate development
    • Approved preliminary project for 3 towers (sold separately)
    • Private road to the beach
    • 4,105 m2 property size

    Overview

    This beachfront land is located in Rio Mar, next to Rio Mar Luxury Residences. The property features a private road to the beach and measures 4,105 square meters. It includes a side exit to the sea, with the potential for a direct exit as well. Zoned RM1, the property has an approved preliminary project (sold separately) for three towers, each 27 meters in height, with 10 floors and approximately 40 apartments per tower. This land is suitable for real estate development.

    Map

    City
    County
    State
    Longitude
    -79.969764534308
    Latitude
    8.4567298168444

    Nearby Similar for Sale

    • $149,900
      10 SF

      Operating Restaurant in Old San Juan

      Established restaurant for sale in a high-traffic tourist area.
      0 VIEJO SAN JUAN, San Juan, 00695
      View Details
    • $1,750,000
      6,598 SF

      Operational Clinic in El Cangrejo

      Operational clinic in El Cangrejo, designed for efficient medical care.
      El Cangrejo, Panama City
      View Details
    • $501,000

      Land Opportunity in Coronado, Panama

      Land in Coronado, Panama, ideal for a dream home.
      Punta Chame, Panama Oeste
      View Details
    • $8,000,000

      Restored Estate in Tranquil Setting

      Restored 18th-century estate with restaurant, pool, and conversion potential.
      Hotel For Sale UMBRIA ITALY
      View Details
    • $1,650,000
      21,527 SF

      Hotel in Extinct Volcano Crater

      Hotel with thermal pool in Panama's El Valle de Antón.
      El Valle de Anton, Cocle
      View Details
    • $2,500,000

      Villas Princesa Residential Opportunity

      Apartment complex in Bavaro, Punta Cana with high occupancy.
      2 Villas Princesas
      View Details
    • $145,000

      Land in Río Hato

      800 m² lot in a rapidly growing area.
      Rio Hato, Cocle
      View Details
    • $3,830,000

      Playa del Carmen Residential Land

      Spacious corner lot in exclusive, family-friendly gated community.
      Residential Lot in Valenia - Gated Community, Playa del Carmen, 77723
      View Details
    • $190,000

      Oceanfront Land in Colón, Panama

      Expansive oceanfront land in Palenque, Colón, perfect for development.
      Colon, Colón
      View Details
    • $125,000

      Land Opportunity in Coronado, Panama

      Land in Coronado, steps from the beach, ideal for investment.
      Coronado, Panama Oeste
      View Details
    • $22,500,000
      172,000 SF

      Bucerías Multifamily Investment Opportunity

      3.3-hectare property ideal for hospitality, wellness, or residential development.
      1099 LOS ARROYOS VERDES AV. ESTACIONES 1099 COL.ORIENTE, BUCERÍAS
      View Details
    • $1,571,565

      Agricultural Land in Las Tablas

      104,770 m² lot ideal for agriculture or residential development.
      Las Tablas, Los Santos
      View Details

    FAQs

    What type of property is this?
    Commercial land - Beachfront land ideal for real estate development in San Carlos.
    Where is this commercial land located?
    The property is located at .
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Beachfront land in Rio Mar; Located next to Rio Mar Luxury Residences; RM1 zoning ideal for real estate development
    50767808277
    We can help!
    Listing Contact
    Ciara Caponi
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    San Carlos, Panama Oeste
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!