Furnished Short-Term Rental
New
For Sale
$259,000
17462 Front Beach Road 39a, Panama City Beach, FL 32413
An updated, furnished end unit offers a two-bedroom, two-bathroom layout and access to community recreation amenities.
Property Size960 SF
Price / SF$269.79
Days on Market2
Property Features for 17462 Front Beach Road 39a
General Information
Standard status
Active
Size
960 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
4 pools
hot tub
tennis & pickleball courts
horse shoes
18 hole mini golf
shuffle board
Building Details
Year Built
1987
Listing Agency:
Berkshire Hathaway HomeServices Beach Properties of Florida
Listed By:
Katherine A Gloer
(850) 252-4160
Source:
Dardengroupusa
Added: Sep 26
Last Checked: Sep 26 at 3:44PM
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 Berkshire Hathaway HomeServices Beach Properties of Florida
Investment Insights
Based on property information with market context.
This furnished end-unit condo was renovated and is configured with two bedrooms and two bathrooms. The property measures 960 square feet and was built in 1987. Its location within Horizon South Condominiums places it a short walk from dedicated beach access.
Community amenities include four pools, a hot tub, tennis and pickleball courts, horseshoes, shuffleboard, and an 18-hole miniature golf course. The condo is presented as suitable for short-term rental or owner occupancy.
Community amenities include four pools, a hot tub, tennis and pickleball courts, horseshoes, shuffleboard, and an 18-hole miniature golf course. The condo is presented as suitable for short-term rental or owner occupancy.
Key Highlights
- 960 square feet; built in 1987
- Renovated and furnished end unit with 2 bedrooms and 2 bathrooms
- Community features four pools, a hot tub, tennis and pickleball courts, horseshoes, shuffleboard, and 18‑hole mini golf
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
$9,360
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
3.61%
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%
$187,200
$187.2K
Cap Rate 7%
$133,714
$133.7K
Cap Rate 9%
$104,000
$104.0K
Market Conditions
NOI Build-Up for 960 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
$18.2K $18.96/SF
− Vacancy
−$1.2K −$1.23/SF
EGI
$17.0K $17.73/SF
− OpEx
−$7.7K −$7.98/SF
NOI
$9.4K $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%
$187,200
Cap Rate 7%
$133,714
Cap Rate 9%
$104,000
Alternative Uses
Best Use
Apartment 5plus
$133.7K
$117.0K – $156.0K
NOI $9,360 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$279.7K
$244.8K – $326.3K
NOI $19,580 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
500
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - An updated, furnished end unit offers a two-bedroom, two-bathroom layout and access to community recreation amenities.
Where is this short term rental property located?
The property is located at 17462 Front Beach Road 39a Panama City Beach, FL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 960 square feet; built in 1987; Renovated and furnished end unit with 2 bedrooms and 2 bathrooms; Community features four pools, a hot tub, tennis and pickleball courts, horseshoes, shuffleboard, and 18‑hole mini golf
