Building Details

Buildings 1

Building Size 4,800 SF

Construction steel

Listing Agency: eXp Realty, LLC a***@exprealty.net

Listed By: Team Don and Bubba Show Phone

Source: Exprealty

Added: May 18 Changed: Oct 14 Last Checked: Oct 16 at 11:57AM

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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 eXp Realty, LLC

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Investment Insights

Based on property information with market context.

This 4,800-square-foot steel flex building occupies 1.24 acres, including 3,600 heated and cooled square feet. The improvements include a commercial-grade septic system designed for restaurant use, an existing kitchen hood range, and a drive-through configuration. Ample parking and trailer access support customer activity and deliveries.

The property fronts State Hwy 77 at 13919 Highway 77 in Southport, Florida, with a dedicated ingress and egress point directly in front of the site. A 140-home community is under construction one mile away, adding nearby residential development to the surrounding context. The existing restaurant-oriented infrastructure can also support retail or service-oriented occupancy, subject to applicable approvals.

Key Highlights

• 4,800 SF steel flex building on 1.24 acres
• 3,600 heated/cooled SF within the building
• Commercial‑grade septic system for a restaurant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,625

Suggested Prices Based on Cap Rates

Cap Rate 5%

$632,500 $632.5K

Cap Rate 7%

$451,786 $451.8K

Cap Rate 9%

$351,389 $351.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,800 SF

Gross rent

$47.8K $9.96/SF

− Vacancy

−$2.6K −$0.55/SF

EGI

$45.2K $9.41/SF

− OpEx

−$13.6K −$2.82/SF

NOI

$31.6K $6.59/SF

Area

Bay County, FL

Vacancy

5.50%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$632,500

Cap Rate 7%

$451,786

Cap Rate 9%

$351,389

Alternative Uses

Best Use

Specialty Retail

$862.8K

$754.9K – $1.01M (±1% cap)

NOI $60,394 @ 7.0% cap · market cap 1,207.88%

Second Best

Retail

$750.9K

$657.0K – $876.0K (±1% cap)

NOI $52,560 @ 7.0% cap · market cap 1,051.20%

Theoretical Best

Office A

$1.40M

$1.22M – $1.63M (±1% cap)

NOI $97,899 @ 7.0% cap · market cap 1,957.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick HVAC Service Storage Facility Kitchen & Bath Showroom Daycare Center Restaurant Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

29

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Steel commercial building with restaurant infrastructure, trailer access, and dedicated highway ingress and egress.

Where is this flex space located?

The property is located at 13919 Highway 77 Southport, FL.

What are key features of this property?

This property features: 4,800 SF steel flex building on 1.24 acres; 3,600 heated/cooled SF within the building; Commercial‑grade septic system for a restaurant