Three-Bedroom
For Sale
$450,000
2826 La Mesa Avenue 2826/ 2828, Panama City, FL 32405
Each residence features a modern kitchen and a backyard.
Property Size2,500 SF
Price / SF$180
Days on Market183
Property Features for 2826 La Mesa Avenue 2826/ 2828
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$363
Building Details
Building Size
2,500 SF
Year Built
2026
Buildings
1
Listing Agency:
AMERICAN REALTY of Bay Co, Inc
Listed By:
Mayrelis C Roman Davila · License #3476683
(850) 691-9904
Source:
Indianspringsfl
Added: Apr 28
Changed: Oct 27
Last Checked: Oct 26 at 3:16PM
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 AMERICAN REALTY of Bay Co, Inc
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Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains two residences, each with three bedrooms, two bathrooms, a modern kitchen, and a backyard. The property is located on La Mesa Avenue in Panama City, Florida.
A mall is nearby, while schools, supermarkets, and department stores are located along 23rd Street. The area’s beaches are a 20-minute drive away.
A mall is nearby, while schools, supermarkets, and department stores are located along 23rd Street. The area’s beaches are a 20-minute drive away.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Built in 2026
- Modern kitchens and backyards in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,601
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,020
$532.0K
Cap Rate 7%
$380,014
$380.0K
Cap Rate 9%
$295,567
$295.6K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$40.5K $16.20/SF
− Vacancy
−$2.5K −$1.00/SF
EGI
$38.0K $15.20/SF
− OpEx
−$11.4K −$4.56/SF
NOI
$26.6K $10.64/SF
Area
Bay County, FL
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,020
Cap Rate 7%
$380,014
Cap Rate 9%
$295,567
Alternative Uses
Best Use
Multifamily LT 5
$380.0K
$332.5K – $443.4K
NOI $26,601 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$348.2K
$304.7K – $406.3K
NOI $24,375 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$728.4K
$637.4K – $849.8K
NOI $50,989 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence features a modern kitchen and a backyard.
Where is this duplex located?
The property is located at 2826 La Mesa Avenue 2826/ 2828 Panama City, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Built in 2026; Modern kitchens and backyards in both residences
