Professional Office
10010 Hutchison Boulevard Panama City Beach, FL 32407
For Sale
$925,000
Pending
SINGLE_FAMILY - Panama City Beach, FL
Property Size3,179 SF
Lot Size0.60 Acres
Days on Market51
Property Features for 10010 Hutchison Boulevard
General Information
Property type
Residential
Property subtype
Office
Accessibility
Accessible Approach with Ramp
Standard status
Pending
APN
34881-010-000
Size
3,179 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Description
36 3S 16W -68.1- BEG INTERS OF E LI OF NE1/4 OF SW1/4 OF SEC & N RW LI CLARENCE RD TH W 72.98' NWLY 152.20' NELY 230' TH S 266' TO POB ORB 3489 P 2194
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s)
Building Details
Year built
1977
Floors in Building
2
Flooring type
Carpet, Tile
Building materials
HardiplankType
Roof type
Metal
Listing Agency:
RC Real Estate Group
(850) 249-6100
Listed By:
Ric R Holt · License #3228641
(850) 630-4306
Added: Jun 8
Changed: Jul 21
Last Checked: Jul 28 at 4:06AM
MLS# 791047
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This professional office building is configured with 11 offices on the main level, along with a reception/lobby area, a conference room, three restrooms, a copier supply room, storage closet, additional storage area, and a kitchen/breakroom. The second level includes four additional offices, providing separate workspace for teams or management. Parking is available in both the front and back of the building.
The property is situated at 10010 Hutchison Boulevard in Panama City Beach, Florida, with lighted signage on Hutchison Blvd. Landscaping around the building supports strong curb appeal.
The current setup supports office users that need a mix of private rooms, a dedicated reception area, and meeting space. It may also fit a range of professional services given the combination of downstairs and upstairs office areas, restrooms, and breakroom use. The building is presently occupied by a real estate company that is relocating to a new location.
The property is situated at 10010 Hutchison Boulevard in Panama City Beach, Florida, with lighted signage on Hutchison Blvd. Landscaping around the building supports strong curb appeal.
The current setup supports office users that need a mix of private rooms, a dedicated reception area, and meeting space. It may also fit a range of professional services given the combination of downstairs and upstairs office areas, restrooms, and breakroom use. The building is presently occupied by a real estate company that is relocating to a new location.
Key Highlights
- Professional office building with 11 offices downstairs plus 4 upstairs offices
- Includes reception/lobby, conference room, and a kitchen breakroom
- Three restrooms, plus copier supply room, storage closet, and additional storage area
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.6k | $28.20 |
| − Vacancy | −$18.4k | −$5.78 |
| EGI | $71.3k | $22.42 |
| − OpEx | −$17.8k | −$5.60 |
| NOI | $53.5k | $16.81 |
3,179 SF · lease $28.20/SF/yr · vacancy 20.50% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-level office layout with multiple private offices, conference space, and on-site front and rear parking.
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: Professional office building with 11 offices downstairs plus 4 upstairs offices; Includes reception/lobby, conference room, and a kitchen breakroom; Three restrooms, plus copier supply room, storage closet, and additional storage area
