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

    232 San Vincente St, Unit B Panama City Beach, FL 32413

    Sponsored
    For Sale
    Under Contract
    $797,500

    MULTI_FAMILY - Other - Panama City Beach, FL

    Property size:
    2,368 SF
    Lot size:
    0.15 Acres
    Days on Market:
    171
    Last Refresh:
    Feb 1 at 10:06 am

    Property Features for 232 San Vincente St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active Under Contract
    Rooms
    Laundry Room, Bedroom 4, Bathroom 1, Bedroom 3, Family Room, Dining Room, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 5, Laundry Room
    Bedrooms
    4
    Bathrooms
    5
    APN
    33366-000-000
    Parking features
    Driveway
    Patio and Porch features
    Patio
    Pool private
    1
    Interior features
    CrownMolding, KitchenIsland, Pantry, RecessedLighting, SplitBedrooms, WindowTreatments, EntranceFoyer
    Exterior features
    SprinklerIrrigation, OutdoorShower
    Fencing
    Privacy, Fenced
    Appliances
    Dishwasher, ElectricRange, Disposal, GasWaterHeater, Microwave, RangeHood, TanklessWaterHeater
    Size
    2,368 SF
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Multi Units, Central Air

    Building Details

    Year built
    2025
    Floors in Building
    2
    Flooring type
    Vinyl, Tile
    Building materials
    HardiplankType
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Pergola

    We can help!

    Listing Contact
    Oksana F Hobbs

    Keller Williams Success Realty (850) 249-0313

    Listing agent Oksana F Hobbs (850) 249-0313 License #SL3433576

    Listing date Aug 15, 2025

    MLS# 772922 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    New Duplex Near Beach, No HOA

    This new construction duplex, located a short walk from the beach, shops, and restaurants, offers high rental potential and no HOA dues. Each side of the duplex features 4 bedrooms and 4.5 bathrooms. The open floor plan flows to a private saltwater pool, pergola-covered patio, and outdoor hot/cold shower. Built for efficiency and durability, the home includes hurricane-impact windows and doors, spray foam roof-deck insulation, a tankless gas water heater, dual A/C units per side, and a Taexx in-wall pest control system. It also includes a 1-year builder's warranty and a transferable 1-year termite bond. The property is suited for investors, with high rental income projections. Each unit has its own address and can be purchased individually or together, offering up to 8 bedrooms and 10 bathrooms. The total square footage is 2,368 square feet on a lot of 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

    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
    -85.890899
    Latitude
    30.225225

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    FAQs

    What type of property is this?
    Duplex - New construction duplex near the beach with high rental potential.
    Where is this duplex located?
    The property is located at 232 San Vincente St, Unit B Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $797,500.
    What are key features of this property?
    This property features: - Brand-new, custom-built duplex with no HOA fees, offering flexibility as a luxury beach retreat or high-performing short-term rental.; - Prime location within walking distance to the beach, shops, and top-rated restaurants.; - Each unit features 4 bedrooms and 4.5 bathrooms with a private saltwater pool, pergola-covered patio, and outdoor hot/cold shower.
    (850) 866-9179
    Request Owner's contact information
    232 San Vincente St, Unit 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
    232 San Vincente St, Unit B Panama City Beach, FL 32413
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    We can help!
    Listing Contact
    Oksana F Hobbs
    Real Estate License ID: SL3433576
    (850) 866-9179
    Learn more
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