Professional Office Building with
For Sale
Contact for pricing
Pending
10010 Hutchison Boulevard, Panama City Beach, FL 32407
Office building with flexible layout, private offices, conference room, and onsite parking for tenant operations.
Property Size3,179 SF
Days on Market140
Property Features for 10010 Hutchison Boulevard
General Information
Standard status
Pending
Size
3,179 SF
Property subtype
Office
Additional Details
Office Units
15
Building Details
Year Built
1977
Listing Agency:
RC Real Estate Group
Listed By:
Ric Holt · License #BK3228641
(850) 630-4306
Source:
Crexi
Added: Jun 10
Changed: Oct 25
Last Checked: Oct 26 at 3:58PM
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 RC Real Estate Group
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.
This professional office building includes an entrance reception and lobby area, 11 offices on the downstairs level, and an upstairs level with four additional offices. The interior also features a conference room, three restrooms, a kitchen/breakroom, a copier supply room, and multiple storage closets and storage areas.
Parking is provided in both the front and back of the building, supporting convenient access for employees and visitors. The property has lighted signage on Hutchison Blvd and landscaping around the building, contributing to strong curb appeal. The current use is as a real estate company, with the space described as offering many possible uses for different businesses.
With multiple office rooms, a reception area, and a conference room, this layout suits a variety of professional tenants that need both client-facing space and private work areas. The combination of on-site parking and lighted signage can support day-to-day business visibility and ease of access.
Parking is provided in both the front and back of the building, supporting convenient access for employees and visitors. The property has lighted signage on Hutchison Blvd and landscaping around the building, contributing to strong curb appeal. The current use is as a real estate company, with the space described as offering many possible uses for different businesses.
With multiple office rooms, a reception area, and a conference room, this layout suits a variety of professional tenants that need both client-facing space and private work areas. The combination of on-site parking and lighted signage can support day-to-day business visibility and ease of access.
Key Highlights
- Office building built in 1977 with a flexible layout for professional uses
- Downstairs includes 11 offices plus reception/lobby, conference room, kitchen breakroom, and storage areas
- Three restrooms, a copier supply room, and multiple storage closets/areas on the main level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,453
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,069,060
$1.1M
Cap Rate 7%
$763,614
$763.6K
Cap Rate 9%
$593,922
$593.9K
Market Conditions
NOI Build-Up for 3,179 SF
Gross rent
$89.6K $28.20/SF
− Vacancy
−$18.4K −$5.78/SF
EGI
$71.3K $22.42/SF
− OpEx
−$17.8K −$5.60/SF
NOI
$53.5K $16.81/SF
Area
Bay County, FL
Vacancy
20.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,069,060
Cap Rate 7%
$763,614
Cap Rate 9%
$593,922
Alternative Uses
Best Use
Office B
$763.6K
$668.2K – $890.9K
NOI $53,453 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$926.3K
$810.5K – $1.08M
NOI $64,838 @ 7.0% cap · market cap 7.01%
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
15
Office units
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Explore this area
Business Placement
Demographics for 32407, FL
14,366
Population
12,163
Households
1.2
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
964
Density / Sq Mi
$79,052
Median Household Income
$44,027
Median Earnings
$1,792
Median Rent
$403,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building with flexible layout, private offices, conference room, and onsite parking for tenant operations.
Where is this office building located?
The property is located at 10010 Hutchison Boulevard Panama City Beach, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Office building built in 1977 with a flexible layout for professional uses; Downstairs includes 11 offices plus reception/lobby, conference room, kitchen breakroom, and storage areas; Three restrooms, a copier supply room, and multiple storage closets/areas on the main level
