High-Visibility Commercial Property For
For Sale
$1,995,000
7811 Panama City Beach Parkway, Panama City Beach, FL 32407
6,392 SF commercial building on Panama City Beach Parkway.
Property Size6,392 SF
Lot Size0.67 Acres
Price / SF$312.11
Days on Market542
Property Features for 7811 Panama City Beach Parkway
General Information
Standard status
Active
Size
6,392 SF
Lot size
0.67 Acres
Property subtype
Commercial/Industrial
Listing Agency:
Counts Real Estate Group Inc
(850) 814-9889
Listed By:
Christopher S McCall · License #666647
(850) 814-9889
Source:
Exitrealty
Added: Feb 14, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:50AM
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 Counts Real Estate Group Inc
Investment Insights
Based on property information with market context.
This 6,392 square feet metal building is a commercial property located on Panama City Beach Parkway in Panama City Beach, Florida. The property is situated on a 0.62-acre parcel and zoned C-3 General Commercial in Bay County. It features 120 feet of frontage in a fast-growing corridor with a traffic count of 69,718 vehicles per day. The building has a large open layout, suitable for a retail showroom, 'flex' space, and service-based businesses. The 1,832 square feet warehouse includes a 10' x 10' roll-up door and a ramp-high loading dock, providing ample loading space. The property offers accessibility and visibility, making it suitable for businesses looking to expand or establish a presence in the Panama City Beach market. The owner would consider selling the furniture store, which has been in business since 2002.
Key Highlights
- High‑visibility location on Panama City Beach Parkway with 69,718 average annual daily traffic count.
- Zoned C‑3 General Commercial in Bay County, offering versatile business opportunities.
- Large 6,392 sq ft metal building with open layout suitable for retail, flex space, or service‑based businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,992
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,399,840
$1.4M
Cap Rate 7%
$999,886
$999.9K
Cap Rate 9%
$777,689
$777.7K
Market Conditions
NOI Build-Up for 6,392 SF
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.
Gross rent
$108.9K $17.04/SF
− Vacancy
−$8.9K −$1.40/SF
EGI
$100.0K $15.64/SF
− OpEx
−$30.0K −$4.69/SF
NOI
$70.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,399,840
Cap Rate 7%
$999,886
Cap Rate 9%
$777,689
Alternative Uses
Best Use
Retail
$999.9K
$874.9K – $1.17M
NOI $69,992 @ 7.0% cap · market cap 3.51%
Second Best
Flex RnD
$790.0K
$691.3K – $921.7K
NOI $55,300 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,369 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Catered by Carla — 606 Commerce Dr, Panama City Beach, FL 32408
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Frequently Asked Questions
What type of property is this?
Flex space - 6,392 SF commercial building on Panama City Beach Parkway.
Where is this flex space located?
The property is located at 7811 Panama City Beach Parkway Panama City Beach, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: High‑visibility location on Panama City Beach Parkway with 69,718 average annual daily traffic count.; Zoned C‑3 General Commercial in Bay County, offering versatile business opportunities.; Large 6,392 sq ft metal building with open layout suitable for retail, flex space, or service‑based businesses.
