Panama City Beach
For Sale
$200,000
17462 Front Beach Road #42H Panama City, Panama City Beach, FL 32413
Furnished 1-bedroom condo near beach and Pier Park.
Property Size608 SF
Price / SF$328.95
Days on Market378
Property Features for 17462 Front Beach Road #42H Panama City
General Information
Standard status
Active
Size
608 SF
Property subtype
Condominium
Amenities
Security System
Central
Central Air
Electric
Washer/Dryer Stacked
Electric Oven
Electric Water Heater
Deck, Patio, Porch, Cable Connected, Electricity Available, High Speed Internet Available, Metal
Building Details
Building Size
608 SF
Year Built
1987
Stories
2
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
COLDWELL BANKER REALTY
(908) 233-5555
Source:
Kw
Added: Aug 15, 2025
Changed: Aug 8
Last Checked: May 19 at 8:48PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Located in Panama City Beach, Florida, Unit 42H at Horizon South is a second-floor, 1-bedroom, 1-bath condo with hallway bunks. The property is situated in a prime location within the gated, golf cart-friendly community, close to the pools and conveniently near the mailbox and trash area. The condo offers views of the pool and surrounding amenities. The 608 square foot unit features vinyl flooring in the living areas and tile in the bathroom, flat-screen TVs, an updated bathroom, upgraded interior doors, and fresh interiors throughout, plus a stackable washer & dryer. It is offered fully furnished. Parking is located right next to the sidewalk for easy access. Horizon South is located just 5 minutes to the beach, and minutes from Pier Park, the airport, McGuire's Irish Pub, and Dolly Parton's Pirates Voyage Dinner & Show. Amenities include four pools (one heated seasonally), a kiddie pool, hot tub, tennis and pickleball courts, shuffleboard, mini golf, a newly renovated fitness center and billiards room, event space, and on-site laundry. Owners may bring pets, and HOA dues cover water, internet, trash, grounds maintenance, building insurance, and security. The property is suitable for short term rental, multifamily, and residential income purposes.
Key Highlights
- Fully furnished and move‑in ready, ideal for immediate personal use or rental.
- Prime location within Horizon South, close to pools, mailbox, and trash area, plus easy parking access.
- Gated, golf cart‑friendly community with extensive amenities including four pools, hot tub, tennis/pickleball courts, mini golf, and a renovated fitness center.
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
$5,928
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
2.96%
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%
$118,560
$118.6K
Cap Rate 7%
$84,686
$84.7K
Cap Rate 9%
$65,867
$65.9K
Market Conditions
NOI Build-Up for 608 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
$11.5K $18.96/SF
− Vacancy
−$749 −$1.23/SF
EGI
$10.8K $17.73/SF
− OpEx
−$4.9K −$7.98/SF
NOI
$5.9K $9.75/SF
Area
Bay County, FL
Vacancy
6.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
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%
$118,560
Cap Rate 7%
$84,686
Cap Rate 9%
$65,867
Alternative Uses
Best Use
Apartment 5plus
$84.7K
$74.1K – $98.8K
NOI $5,928 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$177.2K
$155.0K – $206.7K
NOI $12,401 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3
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 Multifamily 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?
Short term rental property - Furnished 1-bedroom condo near beach and Pier Park.
Where is this short term rental property located?
The property is located at 17462 Front Beach Road #42H Panama City Panama City Beach, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Fully furnished and move‑in ready, ideal for immediate personal use or rental.; Prime location within Horizon South, close to pools, mailbox, and trash area, plus easy parking access.; Gated, golf cart‑friendly community with extensive amenities including four pools, hot tub, tennis/pickleball courts, mini golf, and a renovated fitness center.
