Goodyear Tire & Service
For Sale
Contact for pricing
180 North Tyndall Parkway, Panama City, FL 32404
Sale includes the operating automotive business together with its underlying real estate.
Property Size6,360 SF
Price / SF$332.43
Days on Market80
Property Features for 180 North Tyndall Parkway
General Information
Standard status
Active
Size
6,360 SF
Property subtype
Business for Sale, Retail
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
1985
Year Renovated
2022
Tenancy
Single
Listing Agency:
AiCRE Partners
Listed By:
Brian Sanchez · License #01768654
(925) 431-9508
Source:
Crexi
Added: Jun 15
Changed: Aug 31
Last Checked: Aug 31 at 4:09PM
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 AiCRE Partners
Investment Insights
Based on property information with market context.
This offering combines an established Goodyear Tire & Service Center with the real estate at 180 North Tyndall Parkway in Panama City, Florida. The automotive facility contains 6,360 square feet and was built in 1985, providing a dedicated setting for tire and vehicle service operations.
The property occupies a corner lot along North Tyndall Parkway. The sale includes both the operating business and the underlying commercial property, offering a combined business and real estate acquisition.
The property occupies a corner lot along North Tyndall Parkway. The sale includes both the operating business and the underlying commercial property, offering a combined business and real estate acquisition.
Key Highlights
- Established Goodyear Tire & Service Center operation
- 6,360‑square‑foot automotive service facility
- Business sale includes the underlying real estate
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
$73,324
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
3.47%
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%
$1,466,480
$1.5M
Cap Rate 7%
$1,047,486
$1.0M
Cap Rate 9%
$814,711
$814.7K
Market Conditions
NOI Build-Up for 6,360 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
$114.5K $18.00/SF
− Vacancy
−$9.7K −$1.53/SF
EGI
$104.7K $16.47/SF
− OpEx
−$31.4K −$4.94/SF
NOI
$73.3K $11.53/SF
Area
Walton County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,466,480
Cap Rate 7%
$1,047,486
Cap Rate 9%
$814,711
Alternative Uses
Best Use
Retail
$1.05M
$916.6K – $1.22M
NOI $73,324 @ 7.0% cap · market cap 3.47%
Second Best
Industrial
$619.5K
$542.1K – $722.8K
NOI $43,367 @ 7.0% cap · market cap 2.05%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $111,961 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
163k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 22%
Groceries 15%
Hotels & Casinos 1%
Winn-Dixie
Groceries
24,527 visits/mo
0.3 miles
Chick-fil-A
Dining
22,694 visits/mo
0.4 miles
McDonald's
Dining
21,866 visits/mo
0.2 miles
Murphy USA
Shops & Services
18,074 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
10,675 visits/mo
0.0 miles
Demographics for 32404, FL
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Olde 98 Tire & Automotive — 225 Sudduth Pl, Panama City, FL 32404
- Pro Dent Repair Mobile Auto Dent Removal — 307 S Tyndall Pkwy Suite 199, Panama City, FL 32404
- Garage SamCar — 120 S Comet Ave, Panama City, FL 32404
- AA Roadside Service — 206 N Hwy 22 A, Panama City, FL 32404
- Your Personal Detail — 5208 Joshua Ln, Panama City, FL 32404
Frequently Asked Questions
What type of property is this?
Auto shop - Sale includes the operating automotive business together with its underlying real estate.
Where is this auto shop located?
The property is located at 180 North Tyndall Parkway Panama City, FL.
What is the asking price?
The asking price for this property is $2,114,226.
What are key features of this property?
This property features: Established Goodyear Tire & Service Center operation; 6,360‑square‑foot automotive service facility; Business sale includes the underlying real estate
