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Commercial Unit in Panama Plaza

17320 Panama City Beach Parkway #205 Panama City Beach, FL 32413

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Commercial real estate in the heart of Panama City Beach.

Type:Office
Property size:
800 SF
Price / SF:
$235/SF
Added:
Aug 21, 2025
Days on Market:
325
Last Refresh:
Jul 2 at 8:33 am

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 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


Investment Insights

Based on property information with market context.

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.

Key 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.

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 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.1K
$204.0K – $271.9K (±1% cap)
NOI $16,316 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Parking Lot & Garage Law Firm (Bike/Boat/Book/etc) Store Locksmith Dental Office Barber Shop Cafe & Coffee Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Auto Repair Shop

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

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.
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