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

    2626 Allison Ave, Unit A Panama City Beach, FL 32408

    Sponsored
    For Sale
    $549,000

    MULTI_FAMILY - Other - Panama City Beach, FL

    Property size:
    2,003 SF
    Lot size:
    0.12 Acres
    Days on Market:
    0
    Last Refresh:
    Feb 1 at 11:06 pm

    Property Features for 2626 Allison Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    Resid Multi-Family
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
    Bedrooms
    3
    Bathrooms
    4
    APN
    27817-055-000
    Parking features
    Covered, Golf Cart, Garage, Garage - Detached
    Patio and Porch features
    Patio
    Interior features
    Lighting Recessed, Owner's Closet, Pull Down Stairs, Shelving, Washer/Dryer Hookup, Woodwork Painted
    Exterior features
    Columns, Sprinkler System, Yard Building
    Fencing
    Privacy, Fenced
    Appliances
    Dishwasher, Disposal, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric, Stove/Oven Gas, Water Heater - Elect
    Size
    2,003 SF
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Floors in Building
    2
    Building materials
    Roof Pitched, Siding CmntFbrHrdBrd
    Architectural style
    Other

    We can help!

    Listing Contact
    Abbott Martin Group

    Exp Realty (904) 238-3304

    Listing agent Abbott Martin Group (850) 460-2900

    Listing date Feb 2, 2026

    MLS# 990953 Listing URL

    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

    New Construction Duplex Near Beach

    This new construction duplex, built in 2025, is located in Panama City Beach, positioning it within a growing area near the new Dolly Parton Pirate Attraction, TopGolf, and the upcoming Surf Lagoon. The property features 3 bedrooms and 3.5 bathrooms with high-end finishes. The expansive yard offers space for a pool or pickleball court. The location allows for convenient golf cart access to the beach, a new winery, and local dining options. Constructed for high performance, the duplex includes 10-foot ceilings, spray foam insulation, and a Quick Tie hurricane system. A large 10'x20' golf cart garage is equipped with 220V power. The property is suited for short-term, mid-term, or executive rentals. The backyard provides opportunities for adding value through a pickleball court, private pool, outdoor kitchen, or entertainment deck. The construction features Hardie siding and a Quick Tie hurricane tie-down system. Interior features include 10' ceilings on the main level, 9' ceilings on the upper level, and quartz countertops. Each bedroom is designed as a suite. The property is located minutes from attractions, including a new winery, the Surf Lagoon, Zoo World, Ripley's, Tootsie's, and Pier Park. It is also near marinas, St. Andrews State Park, golf courses, and the Navy Base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -85.786126
    Latitude
    30.173635

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    FAQs

    What type of property is this?
    Duplex - New construction duplex near attractions, ideal for short-term rentals.
    Where is this duplex located?
    The property is located at 2626 Allison Ave, Unit A Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - STR-ready new construction duplex built in 2025, no HOA, located in a high-growth corridor of Panama City Beach near major attractions.; - Large backyard suitable for adding a pool or pickleball court, offering significant value-add potential and tax benefits.; - High-performance construction with spray foam insulation, Quick Tie hurricane system, and Hardie siding, resulting in lower insurance and operating expenses.
    (850) 460-2900
    Request Owner's contact information
    2626 Allison Ave, Unit A Panama City Beach, FL 32408
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    Panama City Beach, FL 32408
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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
    2626 Allison Ave, Unit A Panama City Beach, FL 32408
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    We can help!
    Listing Contact
    Abbott Martin Group
    (850) 460-2900
    Learn more
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