1108 School Avenue, Panama City, FL 32401
- Added:
- Mar 9, 2026
- Days on Market:
- 99
- Last Refresh:
- Jun 15 at 7:06 pm
Property Features for 1108 School Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security
- Standard status
- Pending
- APN
- 15184-000-000
- Size
- 7,574 SF
- Lot size
- 2.63 Acres
Taxes and HOA fees
- Tax Description
- 2 4S 14W -5- 118B1- BEG 310' N OF SE COR OF W1/2 OF SW1/4 OF SW1/4 OF NE1/4 W 292.55' N 351.05' E 292.65' S 350.90' TO POB ORB 4541 P 1082
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Flooring type
- Carpet, Concrete
- Building materials
- AluminumSiding, SteelFrame, VinylSiding
- Roof type
- Metal
Listing agent Cindy M Schwartz License #SL3538698 (850) 624-1371
Listing office Blue Coral R E Group LLC 3001 W 10th Street, Panama City, FL (850) 778-2583
Listing date Mar 9, 2026
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.
HighLights
- Central location with easy access to major highways (Tyndall Parkway, Hwy 98, Hwy 231).
- Office space remodeled and updated in 2022.
- Vacant land adjacent to the fenced yard has been cleared and filled with a separate driveway.
- Opportunity to divide and sell the vacant land back to the owner.
- Current layout includes 5 individual offices, 2 open work areas, kitchen, storage closet, and 2 restrooms.
- Durable construction with aluminum siding, steel frame, vinyl siding, and a metal roof.
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 | $159.1k | $21.00 |
| − Vacancy | −$31.8k | −$4.20 |
| EGI | $127.2k | $16.80 |
| − OpEx | −$31.8k | −$4.20 |
| NOI | $95.4k | $12.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.615823
- Latitude
- 30.168919
