2420 Jenks Ave, Panama City, FL 32405
Multi-tenant office center suited for professional uses with convenient access near 23rd Street and Jenks Avenue.
- Added:
- Apr 4, 2025
- Days on Market:
- 451
- Last Refresh:
- Jun 16 at 4:43 am
Property Features for 2420 Jenks Ave
General Information
- Standard status
- Active
- Size
- 23,120 SF
Listing office Nai Talcor (601) 405-9820
Listing date Apr 4, 2025
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of Nai Talcor
HighLights
- Multi‑use professional center designed for professional use
- Multi‑tenant office center
- Convenient access just off the 23rd Street and Jenks Avenue intersection
Overview
The center is conveniently located just off the intersection of 23rd Street and Jenks Avenue, providing straightforward access to the surrounding area. Its placement near a key intersection supports practical day-to-day connectivity for employees, clients, and deliveries.
For prospective tenants, the property’s multi-use professional configuration can support organizations looking for office space within a single coordinated center rather than a standalone facility. For buyers and investors, the asset’s office-focused, multi-tenant nature may align with those seeking an ownership structure that can house multiple professional users. The location’s access to major cross-streets is a helpful factor for maintaining convenience for business operations.
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 | $485.5k | $21.00 |
| − Vacancy | −$97.1k | −$4.20 |
| EGI | $388.4k | $16.80 |
| − OpEx | −$97.1k | −$4.20 |
| NOI | $291.3k | $12.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.6619452
- Latitude
- 30.191498
