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    Retail/Office Space in Panama City Title is generated by Realmo AI

    17320 Panama City Beach Parkway #109, Panama City Beach, FL 32413

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    Claim this Listing
    For Sale
    $225,000

    Ground floor unit suitable for retail or professional office.

    Type:Commercial
    Property size:
    800 SF
    Price / SF:
    $281/SF
    Added:
    Mar 5, 2026
    Days on Market:
    99
    Last Refresh:
    May 10 at 8:30 pm

    Property Features for 17320 Panama City Beach Parkway #109

    General Information

    Standard status
    Active
    Size
    800 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1985

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    Listing Contact
    PHILIP L FORSYTHE

    Listing agent PHILIP L FORSYTHE

    Listing office SUPERIOR OF FLORIDA, LLC.

    Listing date Mar 5, 2026

    Source Corcoran

    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 SUPERIOR OF FLORIDA, LLC.

    HighLights

    • Perfect location for retail or professional office.
    • Highly desirable ground floor unit.
    • High traffic area.
    • Built in 1985.

    Overview

    This ground floor unit, totaling 800 square feet, is located in a high-traffic area, making it suitable for a retail outlet or professional office. The property is located at 17320 Panama City Beach Parkway #109, Panama City Beach, FL 32413.

    Local 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 $22.6k $28.20
    − Vacancy −$4.6k −$5.78
    EGI $17.9k $22.42
    − OpEx −$4.5k −$5.60
    NOI $13.5k $16.81
    800 SF · lease $28.20/SF/yr · vacancy 20.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $192.2K
    $168.1K – $224.2K (±1% cap)
    NOI $13,451 @ 7.0% cap · market cap 5.98%
    Second Best
    Retail
    $125.1K
    $109.5K – $146.0K (±1% cap)
    NOI $8,760 @ 7.0% cap · market cap 3.89%
    Theoretical Best
    Office A
    $233.1K
    $204.0K – $271.9K (±1% cap)
    NOI $16,316 @ 7.0% cap · market cap 7.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.8942
    Latitude
    30.2329

    FAQs

    What type of property is this?
    Retail space - Ground floor unit suitable for retail or professional office.
    Where is this retail space located?
    The property is located at 17320 Panama City Beach Parkway #109 Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Perfect location for retail or professional office.; Highly desirable ground floor unit.; High traffic area.
    More about this property
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