1806 Brown Avenue, Panama City, FL 32405
Modern office building with versatile suites and high-end finishes.
- Added:
- Apr 3, 2025
- Days on Market:
- 436
- Last Refresh:
- May 11 at 12:05 am
Property Features for 1806 Brown Avenue
General Information
- Standard status
- Active
- Size
- 3,476 SF
- Lot size
- 0.20 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2016
Listing agent DEENA MUSTAFA
Listing office LUXE COASTAL REALTY GROUP LLC (848) 220-5555
Listing date Apr 3, 2025
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 LUXE COASTAL REALTY GROUP LLC
HighLights
- Modern 2016‑built professional office building
- Ten versatile office suites
- Two full kitchens and two bathrooms
- State‑of‑the‑art sound and security camera system
- Large rear storage area
- Turnkey design with high‑end finishes
Overview
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 | $73.0k | $21.00 |
| − Vacancy | −$14.6k | −$4.20 |
| EGI | $58.4k | $16.80 |
| − OpEx | −$14.6k | −$4.20 |
| NOI | $43.8k | $12.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.721
- Latitude
- 30.1816
