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    1520 Jenks Ave Panama City, FL 32405

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    For Sale
    Contact for pricing

    2,856 SF office building, remodeled in 2019, leased to State.

    Property size:
    2,856 SF
    Lot size:
    0.16 Acres

    Property Features for 1520 Jenks Ave

    General Information

    Size
    2,856 SF
    Lot size
    0.16 Acres

    Source: Clubbs Real Estate Group, LLC Agent Christopher Clubbs

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Office Building with Tenant

    This 2,856± SF two-story office building is currently leased to the State of Florida Office of Criminal Conflict and Civil Regional Counsel Bay County office. The facility was completely remodeled in mid-2019, including the roof, HVAC, spray foam insulation, electrical, plumbing, and finishes. The state lease is Modified Gross with annual increases and terminates in July 2024, with the tenant holding a three-year option. The first floor features a reception area, reception office with a printer room, three private offices, a conference room, and a technical closet. The second floor includes six private offices. Each floor has its own restroom and break area, complete with a full-sized refrigerator, sink, and microwave. The building is fully climate controlled with four units split into zones for area temperature control and high-efficiency savings.
    Insight Report Location Intelligence

    Current Use by Public Records

    ABC Rehabilitation Physical Therapist Chipola Aviation Aircraft Rental Service Jewell Menge Physical Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.6619253
    Latitude
    30.176972

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    FAQs

    What type of property is this?
    Office building - 2,856 SF office building, remodeled in 2019, leased to State.
    Where is this office building located?
    The property is located at 1520 Jenks Ave Panama City, FL.
    What are key features of this property?
    This property features: - Leased to the State of Florida, providing stable income; - Recent complete remodel in 2019 including roof, HVAC, electrical, plumbing, and finishes; - Modified Gross lease with annual increases
    (850) 819-0136
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    1520 Jenks Ave Panama City, FL 32405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1520 Jenks Ave Panama City, FL 32405
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