Commercial Land with Office
For Sale
$500,000
Pending
13636 Highway 77, Southport, FL 32409
CommercialSale, Southport, FL
Property Size1,416 SF
Lot Size3.50 Acres
Days on Market336
Property Features for 13636 Highway 77
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
[No Recorded Subdiv]
Elementary school
Deane Bozeman
Middle school
Deane Bozeman
High school
Deane Bozeman
Directions
North on Highway 77. Pass Bozeman. Property on the right.
Standard status
Pending
APN
07500-130-000
Size
1,416 SF
Lot size
3.50 Acres
Taxes and HOA fees
Tax Description
18 1S 14W -2.12- 84B THAT PART OF N1/2 OF NW1/4 OF SW1/4 OF SW1/4 LYING E OF HWY #77 & LESS PCL -2.12A- ORB 299 P 357 ORB 3803 P 440
Legal Description
18 1S 14W -2.12- 84B THAT PART OF N1/2 OF NW1/4 OF SW1/4 OF SW1/4 LYING E OF HWY #77 & LESS PCL -2.12A- ORB 299 P 357 ORB 3803 P 440
Building Details
Year built
1950
Building materials
Brick
Roof type
Metal
Additional Structures
Shed(s)
Listing Agency:
Think Real Estate
(850) 270-4200
Listed By:
The Sanchez Group
(850) 890-6262
Added: Sep 22, 2025
Changed: Aug 19
Last Checked: Aug 23 at 9:06PM
MLS# 779374
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.
Investment Insights
Based on property information with market context.
This offering is a mixed-use commercial property on 3.5 acres, combining a small office interior with outdoor storage improvements. The property includes three rooms and two bathrooms, along with two sheds that can support day-to-day storage needs. The total property size is listed as 1,416 square feet.
The land is located at 13636 Highway 77 in Southport, FL (Bay County), providing direct access from Highway 77. The configuration supports operations that require both office space and an on-site work area.
The property is well suited for buyers looking for an office-and-storage yard for uses such as a construction company, landscaper, fencing company, or other similar contractors that need space to store materials and equipment. With existing rooms, bathrooms, and shed storage already on site, it offers a practical layout for service-based operations that want to combine administrative space with onsite storage.
The land is located at 13636 Highway 77 in Southport, FL (Bay County), providing direct access from Highway 77. The configuration supports operations that require both office space and an on-site work area.
The property is well suited for buyers looking for an office-and-storage yard for uses such as a construction company, landscaper, fencing company, or other similar contractors that need space to store materials and equipment. With existing rooms, bathrooms, and shed storage already on site, it offers a practical layout for service-based operations that want to combine administrative space with onsite storage.
Key Highlights
- 3.5‑acre commercial property on Highway 77
- Brick construction with a metal roof
- Includes two sheds
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
$23,809
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
4.76%
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%
$476,180
$476.2K
Cap Rate 7%
$340,129
$340.1K
Cap Rate 9%
$264,544
$264.5K
Market Conditions
NOI Build-Up for 1,416 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
$39.9K $28.20/SF
− Vacancy
−$8.2K −$5.78/SF
EGI
$31.7K $22.42/SF
− OpEx
−$7.9K −$5.60/SF
NOI
$23.8K $16.81/SF
Area
Bay County, FL
Vacancy
20.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
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%
$476,180
Cap Rate 7%
$340,129
Cap Rate 9%
$264,544
Alternative Uses
Best Use
Office B
$340.1K
$297.6K – $396.8K
NOI $23,809 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.6K
$361.0K – $481.3K
NOI $28,880 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32409, FL
10,394
Population
4,525
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
90%
High-School Grad
126.6 sq mi
ZIP Area
82
Density / Sq Mi
$60,687
Median Household Income
$37,278
Median Earnings
$1,097
Median Rent
$221,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office space - 3.5-acre site with an office setup and storage sheds, suitable for service contractors needing yard space.
Where is this office space located?
The property is located at 13636 Highway 77 Southport, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3.5‑acre commercial property on Highway 77; Brick construction with a metal roof; Includes two sheds
