Remodeled Triplex with Detached
For Sale
$895,000
307 Sundial Street, Panama City Beach, FL 32413
Three updated residences offer separate living spaces, including a rear home set apart from the two-level main building.
Property Size3,676 SF
Lot Size0.74 Acres
Price / SF$243.47
Days on Market121
Property Features for 307 Sundial Street
General Information
Standard status
Active
Size
3,676 SF
Lot size
0.74 Acres
Property subtype
Triplex
Units
Unit Mix
2BR/2BA downstairs, 2BR/2BA upstairs, 3BR/2BA detached
Multifamily Units
3
Building Details
Building Size
3,676 SF
Year Built
1992
Listing Agency:
Inlet Realty Group
Listed By:
Inlet Beach Real Estate
(850) 708-2888
Source:
Inletbeachre
Added: Jun 30
Changed: Oct 27
Last Checked: Oct 26 at 3:37PM
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 Inlet Realty Group
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Investment Insights
Based on property information with market context.
This 1992 triplex contains 3,676 square feet across three remodeled residences. The downstairs unit has 2 bedrooms and 2 bathrooms in approximately 1,258 square feet. Upstairs, a private-entry residence provides 2 bedrooms and 2 bathrooms across approximately 988 square feet. A detached rear home adds 3 bedrooms, 2 bathrooms, and approximately 1,430 square feet.
The property occupies a 0.74-acre lot measuring 158 by 205 feet. Beach access is about one block away, and Mike’s Diner and Salty Sue’s are within walking distance.
The property occupies a 0.74-acre lot measuring 158 by 205 feet. Beach access is about one block away, and Mike’s Diner and Salty Sue’s are within walking distance.
Key Highlights
- Three remodeled residences: two 2‑bedroom, 2‑bath units and one 3‑bedroom, 2‑bath detached home
- 3,676 square feet of building area
- Detached residence contains approximately 1,430 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,114
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,280
$782.3K
Cap Rate 7%
$558,771
$558.8K
Cap Rate 9%
$434,600
$434.6K
Market Conditions
NOI Build-Up for 3,676 SF
Gross rent
$59.6K $16.20/SF
− Vacancy
−$3.7K −$1.00/SF
EGI
$55.9K $15.20/SF
− OpEx
−$16.8K −$4.56/SF
NOI
$39.1K $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%
$782,280
Cap Rate 7%
$558,771
Cap Rate 9%
$434,600
Alternative Uses
Best Use
Multifamily LT 5
$558.8K
$488.9K – $651.9K
NOI $39,114 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$512.0K
$448.0K – $597.4K
NOI $35,842 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.07M
$937.2K – $1.25M
NOI $74,974 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
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Business Placement
Demographics for 32413, FL
15,217
Population
16,334
Households
0.9
Avg Household Size
50
Median Age
34%
College-Educated
94%
High-School Grad
108.2 sq mi
ZIP Area
141
Density / Sq Mi
$76,010
Median Household Income
$41,282
Median Earnings
$1,629
Median Rent
$384,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three updated residences offer separate living spaces, including a rear home set apart from the two-level main building.
Where is this triplex located?
The property is located at 307 Sundial Street Panama City Beach, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three remodeled residences: two 2‑bedroom, 2‑bath units and one 3‑bedroom, 2‑bath detached home; 3,676 square feet of building area; Detached residence contains approximately 1,430 square feet
