Vacant Duplex with Fenced
For Sale
$319,999
Pending
3039 Headland Ave, Panama City, FL 32405
Two matching units offer living areas, kitchens, and private attached storage.
Property Size1,728 SF
Days on Market56
Property Features for 3039 Headland Ave
General Information
Standard status
Pending
Size
1,728 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
individual attached storage units
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Clubbs Real Estate Group LLC
Listed By:
Ross Ticknor
(850) 359-3534
Source:
Emeraldcoasthomesource
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 26 at 4:56PM
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 Clubbs Real Estate Group LLC
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Investment Insights
Based on property information with market context.
Built in 1978, this 1,728-square-foot duplex contains two residential units, each with two bedrooms, one bathroom, a living room, and a kitchen. Both sides include their own attached storage area. The property is currently vacant and has received exterior improvements, including new porch railings, fresh paint, and replacement fence gates. The metal roof and HVAC systems are approximately 5 years old.
Located at 3039 Headland Ave in Panama City, the property sits on a dead-end road a couple of blocks from Hiland Park Elementary School. The large backyard is enclosed and gated, while Headland Avenue provides access to Baldwin Road and Highway 231. The address is also near medical facilities, shopping districts, and manufacturing employers in Bay County.
Located at 3039 Headland Ave in Panama City, the property sits on a dead-end road a couple of blocks from Hiland Park Elementary School. The large backyard is enclosed and gated, while Headland Avenue provides access to Baldwin Road and Highway 231. The address is also near medical facilities, shopping districts, and manufacturing employers in Bay County.
Key Highlights
- Two‑unit duplex totaling 1,728 square feet
- Each unit has 2 bedrooms, 1 bathroom, a living room, and a kitchen
- Both units include individual attached storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,386
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,720
$367.7K
Cap Rate 7%
$262,657
$262.7K
Cap Rate 9%
$204,289
$204.3K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$28.0K $16.20/SF
− Vacancy
−$1.7K −$1.00/SF
EGI
$26.3K $15.20/SF
− OpEx
−$7.9K −$4.56/SF
NOI
$18.4K $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%
$367,720
Cap Rate 7%
$262,657
Cap Rate 9%
$204,289
Alternative Uses
Best Use
Multifamily LT 5
$262.7K
$229.8K – $306.4K
NOI $18,386 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$240.7K
$210.6K – $280.8K
NOI $16,848 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$503.5K
$440.6K – $587.4K
NOI $35,244 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
184
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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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 - Two matching units offer living areas, kitchens, and private attached storage.
Where is this duplex located?
The property is located at 3039 Headland Ave Panama City, FL.
What is the asking price?
The asking price for this property is $319,999.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,728 square feet; Each unit has 2 bedrooms, 1 bathroom, a living room, and a kitchen; Both units include individual attached storage
