Prime Location Commercial
16901 Pc Bch Parkway Panama City Beach, FL 32413
For Sale
$4,950,000
Three-story building with additional lot for expansion or parking.
Property Size12,916 SF
Lot Size1.10 Acres
Price / SF$383.25
Days on Market358
Property Features for 16901 Pc Bch Parkway
General Information
Standard status
Active
Size
12,916 SF
Lot size
1.10 Acres
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
COUNTS REAL ESTATE GROUP INC
(850) 231-1483
Listed By:
ANDY G GONSALVES · License #0409063
Source:
Corcoran
Added: Aug 6, 2025
Changed: Jul 6
Last Checked: Jul 29 at 7:48AM
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 COUNTS REAL ESTATE GROUP INC
Investment Insights
Based on property information with market context.
This commercial property features a three-story building with each floor measuring over 4,000 square feet, totaling 12,916 square feet. The ground floor, previously a bank, could be operational again within a short timeframe. The third floor is currently occupied by a long-term tenant. Included in the sale is an adjacent lot, identified as 33478-010-000, suitable for parking or the construction of an additional building of approximately 3,000 square feet to increase property income. The additional lot could also accommodate a large parking garage, potentially allowing for the expansion of the existing building and increasing usable square footage. The property is strategically located between Highway 79 and Pier Park, near the City Hall and within minutes of the new hospital on Highway 79.
Key Highlights
- Premier location strategically located between Hwy 79 and Pier Park, close to City Hall and the new hospital.
- Owner financing available with acceptable terms.
- Additional lot included, suitable for building a 3000 sq ft structure or a large parking garage.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $364.2k | $28.20 |
| − Vacancy | −$74.7k | −$5.78 |
| EGI | $289.6k | $22.42 |
| − OpEx | −$72.4k | −$5.60 |
| NOI | $217.2k | $16.81 |
12,916 SF · lease $28.20/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.10M
$2.71M – $3.62M
NOI $217,173 @ 7.0% cap · market cap 4.39%
Second Best
Retail
$2.02M
$1.77M – $2.36M
NOI $141,429 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,429 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Three-story building with additional lot for expansion or parking.
Where is this office building located?
The property is located at 16901 Pc Bch Parkway Panama City Beach, FL.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Premier location strategically located between Hwy 79 and Pier Park, close to City Hall and the new hospital.; Owner financing available with acceptable terms.; Additional lot included, suitable for building a 3000 sq ft structure or a large parking garage.
