Professional Office
10010 Hutchison Boulevard Panama City Beach, FL 32407
10010 Hutchison Boulevard, Panama City Beach, FL, 32407
$925,000
For Sale
$925,000
SINGLE_FAMILY - Panama City Beach, FL
Property Size3,179 SF
Lot Size0.60 Acres
Price / SF$290.97
Days on Market44
Property Features for 10010 Hutchison Boulevard
General Information
- Property type
- Residential
- Property subtype
- Office
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 34881-010-000
- Size
- 3,179 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Description
- 36 3S 16W -68.1- BEG INTERS OF E LI OF NE1/4 OF SW1/4 OF SEC & N RW LI CLARENCE RD TH W 72.98' NWLY 152.20' NELY 230' TH S 266' TO POB ORB 3489 P 2194
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Flooring type
- Carpet, Tile
- Building materials
- HardiplankType
- Roof type
- Metal
Listing agency
RC Real Estate Group
(850) 249-6100
Listed by
Ric R Holt · License #3228641
(850) 630-4306
Added: Jun 8 Updated: Jun 25 at 12:00PM Checked: Jul 21 at 8:06AM
MLS# 791047
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This professional office building is configured with 11 offices on the main level, along with a reception/lobby area, a conference room, three restrooms, a copier supply room, storage closet, additional storage area, and a kitchen/breakroom. The second level includes four additional offices, providing separate workspace for teams or management. Parking is available in both the front and back of the building.
The property is situated at 10010 Hutchison Boulevard in Panama City Beach, Florida, with lighted signage on Hutchison Blvd. Landscaping around the building supports strong curb appeal.
The current setup supports office users that need a mix of private rooms, a dedicated reception area, and meeting space. It may also fit a range of professional services given the combination of downstairs and upstairs office areas, restrooms, and breakroom use. The building is presently occupied by a real estate company that is relocating to a new location.
The property is situated at 10010 Hutchison Boulevard in Panama City Beach, Florida, with lighted signage on Hutchison Blvd. Landscaping around the building supports strong curb appeal.
The current setup supports office users that need a mix of private rooms, a dedicated reception area, and meeting space. It may also fit a range of professional services given the combination of downstairs and upstairs office areas, restrooms, and breakroom use. The building is presently occupied by a real estate company that is relocating to a new location.
Key Highlights
- Professional office building with 11 offices downstairs plus 4 upstairs offices
- Includes reception/lobby, conference room, and a kitchen breakroom
- Three restrooms, plus copier supply room, storage closet, and additional storage area
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.6k | $28.20 |
| − Vacancy | −$18.4k | −$5.78 |
| EGI | $71.3k | $22.42 |
| − OpEx | −$17.8k | −$5.60 |
| NOI | $53.5k | $16.81 |
3,179 SF · lease $28.20/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$763.6K
$668.2K – $890.9K
NOI $53,453 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$926.3K
$810.5K – $1.08M
NOI $64,838 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Two-level office layout with multiple private offices, conference space, and on-site front and rear parking.
Where is this office building located?
The property is located at 10010 Hutchison Boulevard Panama City Beach, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Professional office building with 11 offices downstairs plus 4 upstairs offices; Includes reception/lobby, conference room, and a kitchen breakroom; Three restrooms, plus copier supply room, storage closet, and additional storage area
