Ground-Floor Office
For Sale
Contact for pricing
17320 Panama City Beach Parkway 109, Panama City Beach, FL 32413
Versatile commercial unit suitable for professional office or retail use.
Property Size800 SF
Price / SF$281.25
Days on Market178
Property Features for 17320 Panama City Beach Parkway 109
General Information
Standard status
Active
Size
800 SF
Property subtype
Office
Building Details
Year Built
1985
Listing Agency:
Superior Of Florida, LLC.
(850) 230-4514
Listed By:
Philip Forsythe
Source:
Crexi
Added: Mar 5
Changed: Aug 30
Last Checked: Aug 30 at 6:16AM
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.
Investment Insights
Based on property information with market context.
This ground-floor office unit at 17320 Panama City Beach Parkway, Unit 109, offers a flexible setting for professional office or retail use. The property was built in 1985 and is positioned within a commercial area described as having high traffic.
Its ground-level configuration provides convenient access for occupants and visitors. The unit is located in Panama City Beach, Florida, and is available for sale.
Its ground-level configuration provides convenient access for occupants and visitors. The unit is located in Panama City Beach, Florida, and is available for sale.
Key Highlights
- Ground‑floor commercial unit
- Suitable for professional office or retail use
- Located at 17320 Panama City Beach Parkway, Unit 109
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,451
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$269,020
$269.0K
Cap Rate 7%
$192,157
$192.2K
Cap Rate 9%
$149,456
$149.5K
Market Conditions
NOI Build-Up for 800 SF
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.
Gross rent
$22.6K $28.20/SF
− Vacancy
−$4.6K −$5.78/SF
EGI
$17.9K $22.42/SF
− OpEx
−$4.5K −$5.60/SF
NOI
$13.5K $16.81/SF
Area
Bay County, FL
Vacancy
20.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$269,020
Cap Rate 7%
$192,157
Cap Rate 9%
$149,456
Alternative Uses
Best Use
Office B
$192.2K
$168.1K – $224.2K
NOI $13,451 @ 7.0% cap · market cap 5.98%
Second Best
Retail
$125.1K
$109.5K – $146.0K
NOI $8,760 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$233.1K
$204.0K – $271.9K
NOI $16,316 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Versatile commercial unit suitable for professional office or retail use.
Where is this office units 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: Ground‑floor commercial unit; Suitable for professional office or retail use; Located at 17320 Panama City Beach Parkway, Unit 109
