Mixed-Use Property with
New
For Sale
$6,700,000
12830 Front Beach Rd, Panama City Beach, FL 32407
A liquor store, motel, and commercial rentals occupy two parcels along Front Beach Road.
Property Size42,253 SF
Lot Size1.00 Acre
Price / SF$158.57
Days on Market2
Property Features for 12830 Front Beach Rd
General Information
Standard status
Active
Size
42,253 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
Commercial High Intensity
Additional Details
Mixed-Use Components
retail, motel
Liquor License
Yes
Tenant in Place
Yes
Building Details
Buildings
2
Listing Agency:
Go Coastal Realty LLC
Listed By:
Delawalla Group
(850) 225-9899
Source:
Bestofemeraldcoast
Added: Nov 4
Last Checked: Nov 4 at 11:59AM
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 Go Coastal Realty LLC
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Investment Insights
Based on property information with market context.
This mixed-use property combines a liquor store with a 41-unit motel and additional commercial rental space. The buildings total 23,500 square feet. The 2,500-square-foot liquor store was remodeled in 2020; the motel and commercial rentals occupy the other building. A full liquor license and furniture, fixtures, and equipment for the applicable operations are included.
The two parcels together comprise 1.002 acres and provide 275 feet of frontage on Front Beach Road in Panama City Beach. Commercial High Intensity zoning allows a 15-story height limit and requires 5-foot setbacks. A Phase 1 environmental study found no asbestos, and a boundary and topographic survey has been completed.
The two parcels together comprise 1.002 acres and provide 275 feet of frontage on Front Beach Road in Panama City Beach. Commercial High Intensity zoning allows a 15-story height limit and requires 5-foot setbacks. A Phase 1 environmental study found no asbestos, and a boundary and topographic survey has been completed.
Key Highlights
- Two parcels total 1.002 acres with 275 feet of frontage on Front Beach Road
- 23,500 SF across a liquor store and motel/commercial rental building
- Motel contains 41 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$462,666
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,253,320
$9.3M
Cap Rate 7%
$6,609,514
$6.6M
Cap Rate 9%
$5,140,733
$5.1M
Market Conditions
NOI Build-Up for 42,253 SF
Gross rent
$720.0K $17.04/SF
− Vacancy
−$59.0K −$1.40/SF
EGI
$661.0K $15.64/SF
− OpEx
−$198.3K −$4.69/SF
NOI
$462.7K $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%
$9,253,320
Cap Rate 7%
$6,609,514
Cap Rate 9%
$5,140,733
Alternative Uses
Best Use
Retail
$6.61M
$5.78M – $7.71M
NOI $462,666 @ 7.0% cap · market cap 6.91%
Second Best
Mixed Use
$6.11M
$5.35M – $7.13M
NOI $427,812 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$12.31M
$10.77M – $14.36M
NOI $861,775 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Hotels & Casinos 37%
Shops & Services 9%
Hooters
Dining
7,161 visits/mo
0.2 miles
Shrimp Basket
Dining
6,286 visits/mo
0.5 miles
Springhill Suites Panama City Beach Beachfront
Hotels & Casinos
5,069 visits/mo
0.4 miles
Holiday Inn Express & Suites
Hotels & Casinos
4,182 visits/mo
0.0 miles
Marathon
Shops & Services
2,199 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A liquor store, motel, and commercial rentals occupy two parcels along Front Beach Road.
Where is this mixed-use property located?
The property is located at 12830 Front Beach Rd Panama City Beach, FL.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: Two parcels total 1.002 acres with 275 feet of frontage on Front Beach Road; 23,500 SF across a liquor store and motel/commercial rental building; Motel contains 41 units
