1148 Jenks Avenue Panama City, FL 32401
SINGLE_FAMILY - Panama City, FL
- Added:
- Oct 22, 2024
- Days on Market:
- 628
- Last Refresh:
- Jul 11 at 5:06 pm
Property Features for 1148 Jenks Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 18510-010-000
- Size
- 1,868 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- MAGNOLIA TERRACE LOTS 31,32 & S 2' LOT 30 BLK 2 ORB 4358 P 1676 MAP 92A1
Building Details
- Year built
- 1940
Listing agent Brenton Hitchcock (850) 738-5002
Listing office Hitchcock Real Estate LLC 1131 Beck Ave, Panama City, FL (850) 481-0095
Listing date Oct 22, 2024
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.
Investment Insights
Based on property information with market context.
The property is located at 1148 Jenks Avenue in Panama City, Florida (Bay County). It offers ample on-site parking for both tenants and clients. The listing also notes convenient access to major roads and downtown Panama City, positioning the building for day-to-day business travel and customer visits.
For buyers or investors seeking an office asset with existing leasing, the property is offered as an income-producing, leased building. For owner-occupants, the six-office configuration can support a range of professional operations that benefit from on-site parking and accessible road connections. The building’s maintained condition and curb appeal are intended to support ongoing tenant use and facility presentation.
Key Highlights
- Income‑Producing: Benefit from a consistent revenue stream with reliable tenants already in place.
- Prime Location: Centrally located in Panama City's business district, offering 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 |
