Two-Unit
New
For Sale
$350,000
314 & 316 Bayou Ave, Panama City, FL 32401
Recently constructed duplex with two leased residences, each offering a three-bedroom, two-bathroom layout.
Property Size2,438 SF
Price / SF$143.56
Days on Market5
Property Features for 314 & 316 Bayou Ave
General Information
Standard status
Active
Size
2,438 SF
Property subtype
Multi-Family
Financials
Gross Income
$39,600
Average Monthly Rent
$1,650
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2024
Tenancy
Multi
Listing Agency:
ERA Neubauer Real Estate Inc
Listed By:
Heather H Neubauer · License #3257545
(850) 774-2832
Source:
Emeraldcoasthomesource
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 3:02PM
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 ERA Neubauer Real Estate Inc
Investment Insights
Based on property information with market context.
Constructed in 2024, this duplex contains two separate residences with matching three-bedroom, two-bathroom layouts. Each unit provides over 1,050 square feet of living space, while the property records indicate 2,438 square feet overall. Both residences are leased, with current lease terms extending into 2026.
The property is located at 314 and 316 Bayou Avenue in Panama City, Florida. Separate unit addresses support distinct occupancy and leasing arrangements, making the asset suitable for an owner seeking a duplex with existing tenancy in place. Lease dates, square footage, and operating expenses should be independently verified.
The property is located at 314 and 316 Bayou Avenue in Panama City, Florida. Separate unit addresses support distinct occupancy and leasing arrangements, making the asset suitable for an owner seeking a duplex with existing tenancy in place. Lease dates, square footage, and operating expenses should be independently verified.
Key Highlights
- Built in 2024
- Two residential units, each with 3 bedrooms and 2 bathrooms
- Each unit offers over 1,050 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,491
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,820
$589.8K
Cap Rate 7%
$421,300
$421.3K
Cap Rate 9%
$327,678
$327.7K
Market Conditions
NOI Build-Up for 2,438 SF
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.
Gross rent
$49.7K $20.40/SF
− Vacancy
−$7.6K −$3.12/SF
EGI
$42.1K $17.28/SF
− OpEx
−$12.6K −$5.18/SF
NOI
$29.5K $12.10/SF
Area
Walton County, FL
Vacancy
15.29%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$589,820
Cap Rate 7%
$421,300
Cap Rate 9%
$327,678
Alternative Uses
Best Use
Multifamily LT 5
$421.3K
$368.6K – $491.5K
NOI $29,491 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$613.1K
$536.5K – $715.3K
NOI $42,919 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Recently constructed duplex with two leased residences, each offering a three-bedroom, two-bathroom layout.
Where is this duplex located?
The property is located at 314 & 316 Bayou Ave Panama City, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Built in 2024; Two residential units, each with 3 bedrooms and 2 bathrooms; Each unit offers over 1,050 square feet of living space
