10250 Hutchison Boulevard, Panama City Beach, FL 32407
Commercial investment opportunity with high road visibility on Middle Beach.
- Added:
- Nov 28, 2023
- Days on Market:
- 923
- Last Refresh:
- May 10 at 9:56 pm
Property Features for 10250 Hutchison Boulevard
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Lot size
- 0.33 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agent JEFF GEMBITSKY
Listing office EMERALD VIEW REAL ESTATE (850) 896-5000
Listing date Nov 28, 2023
Source Corcoran
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 EMERALD VIEW REAL ESTATE
HighLights
- High road visibility on Middle Beach Road.
- Great commercial investment location.
- Daily drive‑by traffic.
- Unique twin octagon buildings.
- Suitable for office or business.
- Built in 1986.
Overview
Local 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 | $63.5k | $28.20 |
| − Vacancy | −$13.0k | −$5.78 |
| EGI | $50.4k | $22.42 |
| − OpEx | −$12.6k | −$5.60 |
| NOI | $37.8k | $16.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.8047
- Latitude
- 30.1826
