114 S Highway 22 A Panama City, FL 32404
MULTI_FAMILY - Panama City, FL
Property Features for 114 S Highway 22 A
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Security features
- Security
- Standard status
- Active
- APN
- 25010-008-000
- Size
- 13,768 SF
- Lot size
- 0.65 Acres
Taxes and HOA fees
- Tax Description
- LAKEWOOD (4.10) MP 119A2 LOT 4,5,6 BLK 1 & PART OF VACATED ALLEY ORB 1934 P 2111
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Building materials
- BrickVeneer, Stucco, WoodFrame
- Roof type
- Composition, Shingle
Listing agent Charlie B Haas License #3021473 (850) 896-2240
Listing office Counts Real Estate Group 3009 Highway 77 Unit H, PANAMA CITY BEACH, FL (850) 248-3615
Listing date Jun 5, 2026
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.
The property is centrally located in Panama City, Florida, on S Highway 22 A, with access to the surrounding area. The owner has maintained a consistent approach to repairs and maintenance over many years of ownership.
Prospective purchasers can review inspections and repairs reports and financial documents following execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to release of the information package.
Key Highlights
- 14‑unit apartment complex in 4 buildings, with all apartments currently 100% occupied
- Apartment mix includes 8 units at 800+/- SF with outside 64+/- SF laundry room, plus 6 units at 1,100+/- SF with indoor laundry
- Recent exterior updates: new roofs installed April 2026 on all buildings and freshly painted eves, soffits, and entryways
Local Financial Insights For Apartment 5plus
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 | $330.4k | $24.00 |
| − Vacancy | −$53.2k | −$3.86 |
| EGI | $277.2k | $20.14 |
| − OpEx | −$124.8k | −$9.06 |
| NOI | $152.5k | $11.07 |
