1148 Jenks Avenue Panama City, FL 32401
Income-producing commercial office space in a prime Panama City location.
- Added:
- Oct 22, 2024
- Days on Market:
- 628
- Last Refresh:
- May 10 at 10:03 pm
Property Features for 1148 Jenks Avenue
General Information
- Standard status
- Active
- Size
- 1,868 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing office HITCHCOCK REAL ESTATE LLC (850) 481-0095
Listing date Oct 22, 2024
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 HITCHCOCK REAL ESTATE LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Income‑Producing: Leased to reliable tenants, providing immediate and consistent revenue stream.
- Prime Location: Centrally located in Panama City's business district with convenient access to major roads and downtown.
- Commercial Zoning: Suitable for a variety of professional uses.
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 | $39.2k | $21.00 |
| − Vacancy | −$7.8k | −$4.20 |
| EGI | $31.4k | $16.80 |
| − OpEx | −$7.8k | −$4.20 |
| NOI | $23.5k | $12.60 |
