Four-Building Multifamily
114 S HWY 22 A Panama City, FL 32404
114 S HWY 22 A, Panama City, FL, 32404
Contact for pricing
For Sale
Contact for pricing
For sale multifamily portfolio with four buildings totaling 14 units.
Property Size13,768 SF
Price / SF$127.11
Days on Market49
Property Features for 114 S HWY 22 A
General Information
- Standard status
- Active
- Size
- 13,768 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing agency
Counts Real Estate Group
(850) 248-3615
Listed by
Charlie Haas · License #3021473
Source
Crexi
Added: Jun 5 Updated: Jul 21 at 6:48AM Checked: Jul 22 at 1:27PM
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 Counts Real Estate Group
Investment Insights
Based on property information with market context.
This offering is a multifamily portfolio consisting of four separate buildings with a total of 14 units. The property is presented as a consolidated package for ownership.
Located at 114 S HWY 22 A in Panama City, Florida, the portfolio is well-suited for buyers seeking a small multi-building residential income structure.
With multiple buildings under one ownership umbrella, the configuration provides a straightforward way to acquire and manage a 14-unit multifamily asset.
Located at 114 S HWY 22 A in Panama City, Florida, the portfolio is well-suited for buyers seeking a small multi-building residential income structure.
With multiple buildings under one ownership umbrella, the configuration provides a straightforward way to acquire and manage a 14-unit multifamily asset.
Key Highlights
- Four‑building multifamily portfolio totaling 14 units
- Year built: 1984
Local Financial Insights For Apartment 5plus
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 | $330.4k | $24.00 |
| − Vacancy | −$53.2k | −$3.86 |
| EGI | $277.2k | $20.14 |
| − OpEx | −$124.8k | −$9.06 |
| NOI | $152.5k | $11.07 |
13,768 SF · lease $24.00/SF/yr · vacancy 16.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,478 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,372 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale multifamily portfolio with four buildings totaling 14 units.
Where is this apartment building located?
The property is located at 114 S HWY 22 A Panama City, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Four‑building multifamily portfolio totaling 14 units; Year built: 1984
