Six-Suite Retail Strip
New
For Sale
$2,750,000
12216 Pc Bch Parkway, Panama City Beach, FL 32407
CommercialSale, Panama City Beach, FL
Property Size13,125 SF
Lot Size1.54 Acres
Price / SF$209.52
Days on Market1
Property Features for 12216 Pc Bch Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Subdivision
No Named Subdivision
Lot features
Pond On Lot
Elementary school
Hutchison Beach
Middle school
Surfside
High school
Arnold
Directions
West on Back Beach Road on right.
Standard status
Active
APN
33998-000-000
Size
13,125 SF
Lot size
1.54 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
22 3S 16W -4- 37D BEG AT SE COR TH N 336.60' W 209.97' S 346.34' TO NLY R/W OF HWY 98 TH SELY 212.27' TH N 40.60' TO POB ORB 2830 P 1061
Legal Description
22 3S 16W -4- 37D BEG AT SE COR TH N 336.60' W 209.97' S 346.34' TO NLY R/W OF HWY 98 TH SELY 212.27' TH N 40.60' TO POB ORB 2830 P 1061
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1996
Building materials
MetalSiding, Stucco
Roof type
Metal
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Justin Cater LLC
(850) 819-7445
Added: Oct 27
Last Checked: Oct 27 at 6:06PM
MLS# 797059
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.
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Investment Insights
Based on property information with market context.
Built in 1996, the metal-and-stucco retail center contains 13,125 square feet across six spaces on a 1.54-acre parcel. Five spaces are leased, while one is vacant. The property has central air conditioning, a metal roof, and public sewer service, with on-site parking for visitors and tenants. C-3 commercial zoning applies.
The center fronts Panama City Beach Parkway at 12216 Pc Bch Parkway. The reported traffic count for the corridor exceeds 100,000 cars per day, and Pier Park is a short drive away.
The center fronts Panama City Beach Parkway at 12216 Pc Bch Parkway. The reported traffic count for the corridor exceeds 100,000 cars per day, and Pier Park is a short drive away.
Key Highlights
- 13,125 sq. ft. retail center on 1.54 acres
- Six rental spaces; five are leased and one is vacant
- C‑3 commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,717
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,874,340
$2.9M
Cap Rate 7%
$2,053,100
$2.1M
Cap Rate 9%
$1,596,856
$1.6M
Market Conditions
NOI Build-Up for 13,125 SF
Gross rent
$223.7K $17.04/SF
− Vacancy
−$18.3K −$1.40/SF
EGI
$205.3K $15.64/SF
− OpEx
−$61.6K −$4.69/SF
NOI
$143.7K $10.95/SF
Area
Bay County, FL
Vacancy
8.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,874,340
Cap Rate 7%
$2,053,100
Cap Rate 9%
$1,596,856
Alternative Uses
Best Use
Retail
$2.05M
$1.80M – $2.40M
NOI $143,717 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.82M
$3.35M – $4.46M
NOI $267,692 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 32407, FL
14,366
Population
12,163
Households
1.2
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
964
Density / Sq Mi
$79,052
Median Household Income
$44,027
Median Earnings
$1,792
Median Rent
$403,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - A C-3 commercial property has five occupied spaces and one available for lease.
Where is this strip mall located?
The property is located at 12216 Pc Bch Parkway Panama City Beach, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 13,125 sq. ft. retail center on 1.54 acres; Six rental spaces; five are leased and one is vacant; C‑3 commercial zoning
