Class A Medical Office
For Sale
Contact for pricing
C-1002 N Arnold Rd, Panama City Beach, FL 32413
New construction medical office suites are available in a Class A building within an established healthcare campus.
Property Size6,000 SF
Price / SF$0.01
Days on Market599
Property Features for C-1002 N Arnold Rd
General Information
Standard status
Active
Size
6,000 SF
Class
A
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Nai Talcor
(850) 249-2879
Listed By:
Wendy Partie · License ##3580252
(601) 405-9820
Source:
Exprealty
Added: Feb 28, 2025
Changed: Oct 10
Last Checked: Oct 19 at 12:12PM
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 Nai Talcor
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
New construction medical office space is available at the TMH Medical Office Building, designed to support physician practices within an established healthcare destination. The property offers robust tenant improvement packages with options ranging from warm shell to turn-key as applicable. Suites are available in a range of 2,000 to 6,000 square feet, providing flexibility for practice-specific layout needs. A first-floor café is also included in the building.
The building is located directly at the intersection of Hwy 79 and Philip Griffitts Sr. Parkway, with easy access to Hwy 98 less than a mile away, supporting patient convenience and visibility. Parking is provided at a 5:1,000 ratio, including 16 handicap spaces for patient and staff use.
TMH continues developing the surrounding medical campus, including a planned 100-bed hospital with an emergency center and inpatient services, expected to be completed by the end of 2027.
The building is located directly at the intersection of Hwy 79 and Philip Griffitts Sr. Parkway, with easy access to Hwy 98 less than a mile away, supporting patient convenience and visibility. Parking is provided at a 5:1,000 ratio, including 16 handicap spaces for patient and staff use.
TMH continues developing the surrounding medical campus, including a planned 100-bed hospital with an emergency center and inpatient services, expected to be completed by the end of 2027.
Key Highlights
- New construction Class A medical office space in the TMH Medical Office Building within an established healthcare campus.
- Convenient access at the intersection of Hwy 79 and Philip Griffitts Sr. Parkway, less than 1 mile from Hwy 98.
- 5:1000 parking ratio includes 16 handicap spaces for patients and staff.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,901
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,678,020
$1.7M
Cap Rate 7%
$1,198,586
$1.2M
Cap Rate 9%
$932,233
$932.2K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$156.2K $26.04/SF
− Vacancy
−$16.4K −$2.73/SF
EGI
$139.8K $23.31/SF
− OpEx
−$55.9K −$9.32/SF
NOI
$83.9K $13.98/SF
Area
Bay County, FL
Vacancy
10.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,678,020
Cap Rate 7%
$1,198,586
Cap Rate 9%
$932,233
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,886 @ 7.0% cap · market cap 224,191.11%
Second Best
Healthcare Medical
$1.20M
$1.05M – $1.40M
NOI $83,901 @ 7.0% cap · market cap 186,446.67%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,374 @ 7.0% cap · market cap 271,942.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32413, FL
15,217
Population
16,334
Households
0.9
Avg Household Size
50
Median Age
34%
College-Educated
94%
High-School Grad
108.2 sq mi
ZIP Area
141
Density / Sq Mi
$76,010
Median Household Income
$41,282
Median Earnings
$1,629
Median Rent
$384,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Gulf Winds Animal Hospital — 201 FL-79, Panama City Beach, FL 32413
Frequently Asked Questions
What type of property is this?
Medical Office Space - New construction medical office suites are available in a Class A building within an established healthcare campus.
Where is this medical office space located?
The property is located at C-1002 N Arnold Rd Panama City Beach, FL.
What are key features of this property?
This property features: New construction Class A medical office space in the TMH Medical Office Building within an established healthcare campus.; Convenient access at the intersection of Hwy 79 and Philip Griffitts Sr. Parkway, less than 1 mile from Hwy 98.; 5:1000 parking ratio includes 16 handicap spaces for patients and staff.
