Retail Building on US Hwy
For Sale
$4,450,000
14501 Panama City Beach Pkwy, Panama City Beach, FL 32413
Freestanding retail building with frontage on US Hwy 98.
Property Size11,233 SF
Days on Market324
Property Features for 14501 Panama City Beach Pkwy
General Information
Standard status
Active
Size
11,233 SF
Property subtype
Retail
Building Details
Building Size
11,233 SF
Listing Agency:
Graham & Company Birmingham
Listed By:
Kevin Williams, CCIM
(850) 348-0808
Source:
Grahamcompany
Added: Nov 21, 2025
Changed: Oct 1
Last Checked: Oct 11 at 5:13AM
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 Graham & Company Birmingham
Investment Insights
Based on property information with market context.
This freestanding retail building, formerly a restaurant, is situated with frontage on US Hwy 98, also known as Panama City Beach Parkway. The property features a full kitchen build-out and includes two freezer/coolers. Located on Panama City Beach Parkway, the site benefits from accessibility for both east and westbound traffic due to a median cut. It is positioned less than a block from the intersection of Nautilus Street and Panama City Beach Parkway and approximately one mile from Pier Park, a large open-air lifestyle center offering over 1 million square feet of shopping, dining, and entertainment. The property encompasses a total of 11,200 square feet on a 3.67-acre site. There are 153 parking spots available, including 5 handicap spaces.
Key Highlights
- High‑traffic location on Panama City Beach Parkway (US Hwy 98) with accessibility for both east and westbound traffic.
- Large 3.67‑acre site with 153 parking spots.
- Existing restaurant infrastructure including a full kitchen build‑out, (2) walk‑in coolers, and a full hood.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,334
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,826,680
$2.8M
Cap Rate 7%
$2,019,057
$2.0M
Cap Rate 9%
$1,570,378
$1.6M
Market Conditions
NOI Build-Up for 11,233 SF
Gross rent
$202.2K $18.00/SF
− Vacancy
−$13.7K −$1.22/SF
EGI
$188.4K $16.78/SF
− OpEx
−$47.1K −$4.19/SF
NOI
$141.3K $12.58/SF
Area
Bay County, FL
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,826,680
Cap Rate 7%
$2,019,057
Cap Rate 9%
$1,570,378
Alternative Uses
Best Use
Specialty Retail
$2.02M
$1.77M – $2.36M
NOI $141,334 @ 7.0% cap · market cap 3.18%
Second Best
Retail
$1.76M
$1.54M – $2.05M
NOI $123,000 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$3.27M
$2.86M – $3.82M
NOI $229,104 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 40%
Beauty & Spa 10%
Chevron
Shops & Services
7,101 visits/mo
0.4 miles
Carrabba's Italian Grill
Dining
6,248 visits/mo
0.2 miles
Palm Beach Tan
Beauty & Spa
1,518 visits/mo
0.3 miles
The UPS Store
Shops & Services
929 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Freestanding retail building with frontage on US Hwy 98.
Where is this restaurant located?
The property is located at 14501 Panama City Beach Pkwy Panama City Beach, FL.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: High‑traffic location on Panama City Beach Parkway (US Hwy 98) with accessibility for both east and westbound traffic.; Large 3.67‑acre site with **153 parking spots**.; Existing restaurant infrastructure including a **full kitchen build‑out, (2) walk‑in coolers, and a full hood**.
