220 Mckenzie Avenue Panama City, FL 32401
SINGLE_FAMILY - Panama City, FL
Property Features for 220 Mckenzie Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 20156-000-000
- Size
- 10,157 SF
- Lot size
- 1.10 Acres
Taxes and HOA fees
- Tax Description
- 9 4S 14W -3- 70A BEG 200' E, 10' S, 100' E, 60' S, 25' E OF NW COR OF NW1/4 OF SW1/4 OF SEC FOR POB TH S 118.75' SE 150' SE 105' TO WATERS EDGE TH ELY & NLY ALG WATERS EDGE 460' M/L TH W 215' M/L TO POB. ORB 1059 P 1296 ORB 1336 P 1588
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Water front features
- Ocean Access
- Water front
- 1
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Building materials
- Brick, BrickVeneer, Concrete
- Roof type
- Shingle
Listing agent Chris S McCall License #0666647 (850) 814-9889
Listing office Counts Real Estate Group Inc 2104 Thomas Drive, PANAMA CITY BEACH, FL (850) 249-3615
Listing date Jan 1, 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 building sits on 1.1 acres adjacent to the Bay County Courthouse, with access to Massalina Bayou. The property includes approximately +/-550 linear waterfront feet on Massalina Bayou and has a submerged land lease in place supporting deep-water dock space with a large pier and a wooden dock capable of accommodating several large boats. Renovations were completed in 2019 following Hurricane Michael, including storm-rated impact windows and doors, a new roof, new HVAC systems, and new flooring.
Built in 1986, the property sustained minor hurricane damage and has been updated with the listed improvements. Mature oak trees and landscaped grounds are present on site, and site plan, elevations, and floor plans are available as attachments.
Key Highlights
- 10,157 SF, two‑story Class A law office building built in 1986 on 1.1 acres
- Adjacent to the Bay County Courthouse on Massalina Bayou (less than 300' up McKenzie Avenue)
- Masonry construction with brick veneer and large windows; includes extensive wood moldings, paneling, and trim
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 | $213.3k | $21.00 |
| − Vacancy | −$42.7k | −$4.20 |
| EGI | $170.6k | $16.80 |
| − OpEx | −$42.7k | −$4.20 |
| NOI | $128.0k | $12.60 |
