Two-Unit Residential
For Sale
$278,000
1110 Sheffield Avenue AB, Panama City, FL 32401
Both residences offer a three-bedroom, two-bathroom layout, with upgrades underway in the front unit.
Property Size1,872 SF
Price / SF$148.50
Days on Market43
Property Features for 1110 Sheffield Avenue AB
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,093
Building Details
Building Size
1,872 SF
Year Built
1989
Listing Agency:
Alan Ballas Realty
Listed By:
Alan Ballas · License #BK3318340
(850) 694-4001
Source:
Coastalheritagerealty
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 26 at 12:16PM
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 Alan Ballas Realty
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.
Built in 1989, this 1,872-square-foot duplex contains two residences, each arranged with three bedrooms and two bathrooms. The roof is recent, and work on the front unit is underway. One side is currently rented.
Rutherford High School is nearby.
Rutherford High School is nearby.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 1,872 square feet; built in 1989
- One side is rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,919
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,380
$398.4K
Cap Rate 7%
$284,557
$284.6K
Cap Rate 9%
$221,322
$221.3K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$30.3K $16.20/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$28.5K $15.20/SF
− OpEx
−$8.5K −$4.56/SF
NOI
$19.9K $10.64/SF
Area
Bay County, FL
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,380
Cap Rate 7%
$284,557
Cap Rate 9%
$221,322
Alternative Uses
Best Use
Multifamily LT 5
$284.6K
$249.0K – $332.0K
NOI $19,919 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$260.7K
$228.2K – $304.2K
NOI $18,252 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$545.4K
$477.3K – $636.4K
NOI $38,181 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer a three-bedroom, two-bathroom layout, with upgrades underway in the front unit.
Where is this duplex located?
The property is located at 1110 Sheffield Avenue AB Panama City, FL.
What is the asking price?
The asking price for this property is $278,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 1,872 square feet; built in 1989; One side is rented
