Commercial Unit in Panama
17320 Panama City Beach Parkway #205, Panama City Beach, FL 32413
Commercial real estate in the heart of Panama City Beach.
Type:Office
Property size:
800 SFPrice / SF:
$235/SF- Added:
- Aug 21, 2025
- Days on Market:
- 275
- Last Refresh:
- Mar 17 at 1:22 pm
Property Features for 17320 Panama City Beach Parkway #205
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agent Ron Jones License #FL
Listing office Century 21 Service Realty
Listing date Aug 21, 2025
Source Crexi
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 Century 21 Service Realty
HighLights
- Owner financing available to qualified buyers.
- High traffic location: 45,500 vehicles daily.
- Prime commercial real estate in Panama City Beach's growing area.
- Ideal for business use or investment/leasing.
- Close proximity to new 87‑acre research hospital and other developments.
- Tenant only responsible for electricity, internet, and phone; other expenses covered by CAM fee.
Overview
This commercial unit, situated in Panama Plaza, presents an opportunity to own commercial real estate in an area experiencing substantial growth in Panama City Beach. The location is near an 87-acre research hospital and other developments. The unit is in excellent condition. The average daily traffic count is 45,500 vehicles. The tenant is responsible for electricity, internet, and phone, while all other expenses are covered under the common area maintenance fee. The property size is 800 square feet. The owner will finance with a qualified buyer. This property is suitable for business use.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$149.5K
NOI $13,451 @ 9.00% cap · cautious / downside scenario
Moderate
$192.2K
NOI $13,451 @ 7.00% cap · market / base-case scenario
Aggressive
$269.0K
NOI $13,451 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
Best Use
Office B
$192.2K
$168.1K – $224.2K
NOI $13,451 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.1K
$204.0K – $271.9K
NOI $16,316 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.8941955
- Latitude
- 30.2328949
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Commercial real estate in the heart of Panama City Beach.
Where is this office units located?
The property is located at 17320 Panama City Beach Parkway #205 Panama City Beach, FL.
What is the asking price?
The asking price for this property is $188,765.
What are key features of this property?
This property features: Owner financing available to qualified buyers.; High traffic location: **45,500 vehicles daily**.; Prime commercial real estate in Panama City Beach's growing area.
