Medical Office Building with Four Exam
For Sale
$640,000
2579 Huntcliff Lane, Panama City, FL 32405
Medical office building with four exam rooms, multi-purpose clinical suite, and a second-floor conference and training center.
Days on Market14
Property Features for 2579 Huntcliff Lane
General Information
Standard status
Active
Property subtype
Commercial
Amenities
conference and training center
full kitchen
restrooms
irrigation system
Building Details
Building Size
2,846 SF
Year Built
2003
Buildings
1
Stories
2
Listing Agency:
Corcoran Reverie
(850) 624-1242
Listed By:
Nicolle M Cable · License #SL3489108
(850) 624-1242
Source:
Fullsailnwfl
Added: Jul 19
Changed: Jul 29
Last Checked: Jul 31 at 1:51PM
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 Corcoran Reverie
Investment Insights
Based on property information with market context.
Built in 2003, this medical office building is designed for practice operations with patient exam and administrative functionality on the main level. The main level includes two physician offices, a private office for an office manager, and a centralized administrative workspace. There are four well-appointed exam rooms, each equipped with plumbing.
Also on the main level is a spacious multi-purpose suite that can support a range of healthcare uses such as an infusion center, procedure room, physical therapy suite, imaging room, laboratory, patient education center, or additional clinical space. The building offers six conveniently located restrooms.
A second-floor conference and training center adds flexibility for staff meetings, continuing education, executive offices, or future expansion. The upper level includes a full kitchen and a private restroom. Additional property improvements include a new irrigation system servicing the entire property.
Also on the main level is a spacious multi-purpose suite that can support a range of healthcare uses such as an infusion center, procedure room, physical therapy suite, imaging room, laboratory, patient education center, or additional clinical space. The building offers six conveniently located restrooms.
A second-floor conference and training center adds flexibility for staff meetings, continuing education, executive offices, or future expansion. The upper level includes a full kitchen and a private restroom. Additional property improvements include a new irrigation system servicing the entire property.
Key Highlights
- Built in 2003
- Four exam rooms with plumbing
- Multi‑purpose suite for uses including infusion, procedure, therapy, imaging, or lab
Financial Insights For Healthcare Medical
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 | $71.7k | $25.20 |
| − Vacancy | −$7.5k | −$2.65 |
| EGI | $64.2k | $22.55 |
| − OpEx | −$25.7k | −$9.02 |
| NOI | $38.5k | $13.53 |
2,846 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$550.2K
$481.4K – $641.9K
NOI $38,513 @ 7.0% cap · market cap 6.02%
Second Best
Office B
$512.3K
$448.3K – $597.7K
NOI $35,860 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$715.7K
$626.3K – $835.0K
NOI $50,101 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,291
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32405, FL
28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building with four exam rooms, multi-purpose clinical suite, and a second-floor conference and training center.
Where is this medical office space located?
The property is located at 2579 Huntcliff Lane Panama City, FL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Built in 2003; Four exam rooms with plumbing; Multi‑purpose suite for uses including infusion, procedure, therapy, imaging, or lab
