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    The Largest CRE Database in the US with Over 1 Million Listings

    116 Lakeside Cir, Unit unit A&B Panama City Beach, FL 32413

    Sponsored
    For Sale
    $520,000

    MULTI_FAMILY - Other - Panama City Beach, FL

    Property size:
    1,664 SF
    Lot size:
    0.17 Acres
    Days on Market:
    16
    Last Refresh:
    Jan 30 at 9:06 pm

    Property Features for 116 Lakeside Cir

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Resid Multi-Family
    Rooms
    Bedroom 2, Bathroom 1, Bedroom 4, Dining Room, Bathroom 2, Bedroom 1, Bedroom 3
    Bedrooms
    4
    Bathrooms
    2
    APN
    32827-082-000
    Interior features
    Newly Painted
    Exterior features
    Sprinkler System
    Fencing
    Privacy
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator W/IceMk, Smooth Stovetop Rnge, Washer, Water Heater - Elect
    Size
    1,664 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air

    Building Details

    Year built
    1972
    Floors in Building
    1
    Flooring type
    Laminate, Tile
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    30AMY HOMES

    Rising Star Real Estate, Inc. (850) 217-0990

    Listing agent 30AMY HOMES (850) 420-5663

    Listing date Jan 15, 2026

    MLS# 984810

    Copyright © 2026 Emerald Coast 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.

    Learn more

    Property Insight Report

    Overview

    Updated Duplex Near Panama City Beach

    This updated duplex is located a short walk from the beach. Each side of the property features 2 bedrooms and 1 full bath, totaling 4 bedrooms and 2 baths across the entire building. Both units have separate electric meters and their own laundry rooms with washers and dryers. Kitchens and bathrooms have granite countertops. Unit B includes new stainless-steel appliances and new wood laminate flooring throughout, while Unit A features ceramic tile in the kitchen, bath, and living room. Both units have been freshly painted. Residents can relax on the front porch or in the private, fenced backyards. Updates include a new roof installed in 2021, a new water softener with Flo by Moen leak detection and auto shutoff system, and new plumbing, drain lines, and faucets throughout. The property is connected to city water and sewer, requires no HOA dues, and is located in Flood Zone X, where flood insurance is not required. Zoned multi-family with short-term rentals allowed, the property also offers flexible parking, allowing for boat, RV, or trailer storage. Located on the west end, the property is near Pier Park shopping and dining, Dolly Parton's Pirate Voyage Dinner & Show, and Frank Brown Park. The property is fully furnished and move-in ready, offering the option to live in one unit and rent the other, or use both as income-producing rentals. The lot size is 0.17 acres and the property size is 1664 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.881358
    Latitude
    30.227506

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    FAQs

    What type of property is this?
    Duplex - Remodeled duplex near the beach with income potential.
    Where is this duplex located?
    The property is located at 116 Lakeside Cir, Unit unit A&B Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: - Walk to the Beach: Only a 12-minute walk to the beach.; - Updated Duplex: Remodeled with granite countertops, stainless-steel appliances (Unit B), new flooring (Unit B), and fresh paint.; - Income Potential: Zoned multi-family with short-term rentals allowed; live in one unit and rent the other.
    (850) 420-5663
    Request Owner's contact information
    116 Lakeside Cir, Unit unit A&B Panama City Beach, FL 32413
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    Panama City Beach, FL 32413
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    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
    116 Lakeside Cir, Unit unit A&B Panama City Beach, FL 32413
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    We can help!
    Listing Contact
    30AMY HOMES
    (850) 420-5663
    Learn more
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