Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5500 Sunset Ave, Unit A Panama City Beach, FL 32408

    Sponsored
    For Sale
    $345,000

    MULTI_FAMILY - Other - Panama City Beach, FL

    Property size:
    1,028 SF
    Lot size:
    0.07 Acres
    Days on Market:
    190
    Last Refresh:
    Jan 31 at 6:06 am

    Property Features for 5500 Sunset Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Resid Single Family
    Rooms
    Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    31790-000-000
    Patio and Porch features
    Patio
    Exterior features
    Fenced Back Yard, Yard Building
    Fencing
    Back Yard
    Appliances
    Dryer, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer
    Size
    1,028 SF
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Hunter M Denton

    Vantrease Properties IV LLC, dba RE/MAX BY THE SEA (850) 424-3674

    Listing agent Hunter M Denton (423) 708-4628 License #3603779

    Listing date Jul 26, 2025

    MLS# 981403

    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

    Beach Proximity Duplex, No HOA

    This 1,028 square foot duplex is located in Panama City Beach, Florida, offering a coastal retreat near the beach. The property features two bedrooms and two bathrooms. The residence includes a living room with a smart TV, recliner, and sleeper sofa. The main bedroom has a queen bed, while the second bedroom includes a leather sleeper sofa and Roku TV. The kitchen is fully equipped, and a private washer and dryer are included. The property has a private backyard with a spacious patio, a six-person table, and two loungers. The beach is a short walk away, with a less crowded shoreline. St. Andrews State Park is one mile away. Local dining options such as Schooners, the Omelet House, and Sombreros Tacos are within walking distance. The property is zoned for residential single-family use and has no HOA. The lot size is 0.07 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 Auto Repair Shop

    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
    -85.755403
    Latitude
    30.145846

    Nearby Similar for Sale

    • New
      $985,000
      2,606 SF

      Luxury Duplex Near Gulf

      Fully furnished duplex, steps from the Gulf, rental ready.
      309 Paridiso Pl, Panama City Beach, FL 32413
      View Details
    • $750,000
      Pending

      Furnished Triplex Near Panama City Beach

      Rental-ready triplex near beaches, restaurants, and attractions.
      3903 Raven St Unit, Panama City Beach, FL 32408
      View Details
    • $1,595,000
      4,735 SF

      New Duplex Near Beach

      New construction duplex near the beach with high rental potential.
      232 San Vincente St, Panama City Beach, FL 32413
      View Details
    • $849,900
      2,465 SF

      Coastal Duplex Near Panama City Beach

      Fully furnished duplex near the beach, ideal for investors.
      129 Malaga Pl, Panama City Beach, FL 32413
      View Details
    • $2,400,000

      Furnished Duplex Near Panama City Beach

      Turnkey duplex near the beach, ideal for rental income.
      6006 Thomas Dr, Panama City Beach, FL 32408
      View Details
    • $464,999
      960 SF

      Renovated Duplex Near Panama City Beach

      Tastefully renovated duplex, steps from the beach, ideal for investors.
      219 Palmetto Pl, Panama City Beach, FL 32413
      View Details
    • $520,000
      1,664 SF

      Updated Duplex Near Panama City Beach

      Remodeled duplex near the beach with income potential.
      116 Lakeside Cir, Panama City Beach, FL 32413
      View Details
    • $569,000
      Pending

      Turnkey Duplex Near Navy Base

      Well-maintained duplex in high-demand area, ideal for investors.
      3701 Lee St, Panama City Beach, FL 32408
      View Details
    • $675,000
      2,380 SF

      Beachside Duplex Near Panama City Beach

      Income-producing duplex, one block from the beach.
      6328 Beach Dr, Panama City Beach, FL 32408
      View Details
    • $1,399,000
      3,200 SF

      Panama City Beach Cottages and Lots

      Four cottages and nine buildable lots near Panama City Beach.
      2907 Sarah Jean Ct, Panama City Beach, FL 32408
      View Details
    • $1,050,000
      0.57 Acres

      Remodeled Quadplex in Panama City Beach

      Charming, remodeled quadplex near beaches, restaurants, and attractions.
      2809 Lagoon Knl, Panama City Beach, FL 32408
      View Details
    • $797,500
      2,368 SF

      New Duplex Near Beach, No HOA

      New construction duplex near the beach with high rental potential.
      232 San Vincente St, Panama City Beach, FL 32413
      View Details

    FAQs

    What type of property is this?
    Duplex - Charming 2-bedroom duplex near Panama City Beach.
    Where is this duplex located?
    The property is located at 5500 Sunset Ave, Unit A Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: - Conveniently located just a quarter mile from Panama City Beach.; - No HOA fees, providing cost savings.; - Private, fenced backyard with a spacious patio.
    (423) 708-4628
    Request Owner's contact information
    5500 Sunset Ave, Unit A Panama City Beach, FL 32408
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5500 Sunset Ave, Unit A
    Panama City Beach, FL 32408
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5500 Sunset Ave, Unit A Panama City Beach, FL 32408
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Hunter M Denton
    Real Estate License ID: 3603779
    (423) 708-4628
    Learn more
    Google sign-in failed. Please try again or use another login method.