Retail Building with Outdoor
For Sale
$3,195,000
1000 Beck Avenue, Panama City, FL 32401
Multi-unit retail building built in 1907 and renovated in 2021 with courtyard patio and outdoor bar space.
Property Size7,618 SF
Price / SF$419.40
Days on Market122
Property Features for 1000 Beck Avenue
General Information
Standard status
Active
Size
7,618 SF
Property subtype
Retail
Occupancy
90%
Amenities
courtyard patio
outdoor bar
Building Details
Building Size
7,618 SF
Year Built
1907
Year Renovated
2021
Listing Agency:
eXp Commercial
Listed By:
Ryan Curran · License #FL #SL3651263
(314) 541-9293
Source:
7s
Added: Jun 24
Changed: Oct 5
Last Checked: Oct 23 at 5:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Hub at 1000-1012 Beck Avenue is a multi-unit retail building totaling 7,618 SF, built in 1907 and renovated in 2021. The property includes a 2,078 SF courtyard patio and a 718 SF outdoor bar. There are 5 units in place, with reported 90% occupancy.
Located in Panama City in Saint Andrews, the property offers outdoor amenities designed to support street-level retail and dining use.
As currently configured, the asset provides five separate unit spaces within a single building shell, complemented by dedicated outdoor areas for events or customer seating tied to the courtyard and outdoor bar.
Located in Panama City in Saint Andrews, the property offers outdoor amenities designed to support street-level retail and dining use.
As currently configured, the asset provides five separate unit spaces within a single building shell, complemented by dedicated outdoor areas for events or customer seating tied to the courtyard and outdoor bar.
Key Highlights
- 7,618 SF multi‑unit retail building built in 1907
- Renovated in 2021
- Includes 5 units and 90% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,850
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,917,000
$1.9M
Cap Rate 7%
$1,369,286
$1.4M
Cap Rate 9%
$1,065,000
$1.1M
Market Conditions
NOI Build-Up for 7,618 SF
Gross rent
$137.1K $18.00/SF
− Vacancy
−$9.3K −$1.22/SF
EGI
$127.8K $16.78/SF
− OpEx
−$31.9K −$4.19/SF
NOI
$95.8K $12.58/SF
Area
Bay County, FL
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,917,000
Cap Rate 7%
$1,369,286
Cap Rate 9%
$1,065,000
Alternative Uses
Best Use
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,850 @ 7.0% cap · market cap 3.00%
Second Best
Retail
$1.19M
$1.04M – $1.39M
NOI $83,416 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,374 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
90%
Occupancy
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
Thai Basil
Dining
3,368 visits/mo
0.1 miles
Chevron
Shops & Services
2,256 visits/mo
0.1 miles
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Multi-unit retail building built in 1907 and renovated in 2021 with courtyard patio and outdoor bar space.
Where is this retail space located?
The property is located at 1000 Beck Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: 7,618 SF multi‑unit retail building built in 1907; Renovated in 2021; Includes 5 units and 90% occupancy
