Beach-Area
17165 Hernando Avenue, Panama City Beach, FL 32413
For Sale
New
$602,000
Residential, Panama City Beach, FL
Property Size2,400 SF
Lot Size0.15 Acres
Price / SF$250.83
Days on Market5
Property Features for 17165 Hernando Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Building materials
Architectural style
Buildings
Listing Agency:
Beachy Beach Real Estate
(850) 233-4351
Listed By:
Catherine Anderson · License FL #3261240
(850) 960-3247
Added: Nov 9
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 797860
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.
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Investment Insights
Based on property information with market context.
This Panama City Beach duplex contains 2,400 square feet across two residences, each configured with two bedrooms and two bathrooms. Built in 1993, the property sits on a 0.15-acre lot and includes porches, privacy fencing, central heating and air conditioning, and public sewer service. Stucco is the exterior finish, and each unit has a kitchen and open living area.
Beach Access 65 is less than half a mile away. Pier Park, Topgolf, Pirates Voyage Dinner & Show, shopping, dining, and entertainment are approximately 2.5 miles from the property. The two-unit layout and separate backyard areas are defining features of the offering.
Beach Access 65 is less than half a mile away. Pier Park, Topgolf, Pirates Voyage Dinner & Show, shopping, dining, and entertainment are approximately 2.5 miles from the property. The two-unit layout and separate backyard areas are defining features of the offering.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 2,400‑square‑foot duplex on a 0.15‑acre lot
- Less than 0.5 mile to Beach Access 65
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,537
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,740
$510.7K
Cap Rate 7%
$364,814
$364.8K
Cap Rate 9%
$283,744
$283.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$38.9K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$36.5K $15.20/SF
− OpEx
−$10.9K −$4.56/SF
NOI
$25.5K $10.64/SF
Area
Bay County, FL
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,740
Cap Rate 7%
$364,814
Cap Rate 9%
$283,744
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,537 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$334.3K
$292.5K – $390.0K
NOI $23,400 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$699.3K
$611.9K – $815.8K
NOI $48,949 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
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Business Placement
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
$384,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Panama City Beach, FL
Properties on Market for Duplexes in Panama City Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, two bathrooms, porch access, and fenced private outdoor space.
Where is this duplex located?
The property is located at 17165 Hernando Avenue Panama City Beach, FL.
What is the asking price?
The asking price for this property is $602,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; 2,400‑square‑foot duplex on a 0.15‑acre lot; Less than 0.5 mile to Beach Access 65
