Two-Unit Duplex with Enclosed
For Sale
$500,000
2910 Treasure Circle A & B, Panama City, FL 32408
Each residence has a private fenced area, and short-term rentals are allowed.
Property Size2,150 SF
Price / SF$232.56
Days on Market29
Property Features for 2910 Treasure Circle A & B
General Information
Standard status
Active
Size
2,150 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,683
Building Details
Building Size
2,150 SF
Year Built
1991
Listing Agency:
Coastal Property Services, Inc
Listed By:
Cynthia Luster · License #3303071
(850) 691-7927
Source:
Indianspringsfl
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 26 at 3:01PM
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 Coastal Property Services, Inc
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Investment Insights
Based on property information with market context.
This 2,150-square-foot duplex, built in 1991, is configured as two residences. Each side includes two bedrooms, two bathrooms, a kitchen, a large living area, an enclosed porch and a laundry room. Fencing separates the outdoor areas for privacy.
Schooners and the beach are within walking distance. Short-term rentals are allowed, and the property can also accommodate an owner living in one unit while renting the other.
Schooners and the beach are within walking distance. Short-term rentals are allowed, and the property can also accommodate an owner living in one unit while renting the other.
Key Highlights
- Two‑unit duplex with 2,150 square feet, built in 1991
- Each side offers 2 bedrooms, 2 bathrooms, a kitchen, living area, enclosed porch and laundry room
- Separate fenced areas provide privacy for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,877
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,540
$457.5K
Cap Rate 7%
$326,814
$326.8K
Cap Rate 9%
$254,189
$254.2K
Market Conditions
NOI Build-Up for 2,150 SF
Gross rent
$34.8K $16.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$32.7K $15.20/SF
− OpEx
−$9.8K −$4.56/SF
NOI
$22.9K $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%
$457,540
Cap Rate 7%
$326,814
Cap Rate 9%
$254,189
Alternative Uses
Best Use
Multifamily LT 5
$326.8K
$286.0K – $381.3K
NOI $22,877 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$299.5K
$262.0K – $349.4K
NOI $20,963 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$626.4K
$548.1K – $730.9K
NOI $43,851 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
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Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a private fenced area, and short-term rentals are allowed.
Where is this duplex located?
The property is located at 2910 Treasure Circle A & B Panama City, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,150 square feet, built in 1991; Each side offers 2 bedrooms, 2 bathrooms, a kitchen, living area, enclosed porch and laundry room; Separate fenced areas provide privacy for each residence
