Professional Office Building with
10010 Hutchison Boulevard Panama City Beach, FL 32407
For Sale
$925,000
Office building with flexible layout, private offices, conference room, and onsite parking for tenant operations.
Property Size3,179 SF
Price / SF$290.97
Days on Market51
Property Features for 10010 Hutchison Boulevard
General Information
Standard status
Active
Size
3,179 SF
Property subtype
Commercial
Building Details
Year Built
1977
Listing Agency:
RC REAL ESTATE GROUP
(850) 249-6100
Listed By:
RIC R HOLT · License #3228641
Source:
Corcoran
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 25 at 3:17PM
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
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 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 - 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
