Office Unit in Panama
For Sale
$178,871
17320 Panama City Beach Parkway Unit 205, Panama City Beach, FL 32413
The owner may consider financing for a qualified buyer, and CAM covers expenses beyond electricity, internet, and phone.
Property Size800 SF
Price / SF$223.59
Days on Market403
Property Features for 17320 Panama City Beach Parkway Unit 205
General Information
Standard status
Active
Size
800 SF
Property subtype
Office
Additional Details
Tenant in Place
Yes
Building Details
Building Size
800 SF
Year Built
1985
Listing Agency:
Inlet Realty Group
Listed By:
Inlet Beach Real Estate
(850) 708-2888
Source:
Inletbeachre
Added: Sep 20, 2025
Changed: Oct 27
Last Checked: Oct 27 at 4:40AM
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 Inlet Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 800-square-foot office unit is located in Panama Plaza, a commercial property on Panama City Beach Parkway. The building dates to 1985. For the unit, CAM covers expenses other than electricity, internet, and phone service. Owner financing may be considered for a qualified buyer.
The property is near a research hospital described as covering 87 acres. Average daily traffic on Panama City Beach Parkway is 45,500 vehicles.
The property is near a research hospital described as covering 87 acres. Average daily traffic on Panama City Beach Parkway is 45,500 vehicles.
Key Highlights
- 800‑square‑foot office unit
- Located in Panama Plaza on Panama City Beach Parkway
- 1985 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,451
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
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
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 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 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.1K
$204.0K – $271.9K
NOI $16,316 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The owner may consider financing for a qualified buyer, and CAM covers expenses beyond electricity, internet, and phone.
Where is this office unit located?
The property is located at 17320 Panama City Beach Parkway Unit 205 Panama City Beach, FL.
What is the asking price?
The asking price for this property is $178,871.
What are key features of this property?
This property features: 800‑square‑foot office unit; Located in Panama Plaza on Panama City Beach Parkway; 1985 construction
