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    Updated Commercial Building Near Downtown Title is generated by Realmo AI

    316 W 11th Street, Panama City, FL 32401

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    Claim this Listing
    For Sale
    $418,500

    Move-in ready commercial building suitable for various business ventures.

    Type:Commercial
    Property size:
    1,674 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $250/SF
    Added:
    Nov 25, 2025
    Days on Market:
    193
    Last Refresh:
    May 10 at 10:41 pm

    Property Features for 316 W 11th Street

    General Information

    Standard status
    Active
    Size
    1,674 SF
    Lot size
    0.34 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    STEPHANIE M SHIPP

    Listing agent STEPHANIE M SHIPP

    Listing office WORLD IMPACT REAL ESTATE

    Listing date Nov 25, 2025

    Source Corcoran

    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 WORLD IMPACT REAL ESTATE

    HighLights

    • Fully updated and move‑in ready commercial building.
    • Prime location minutes from downtown.
    • SBA eligible, ideal for owner occupant.
    • Seven private rooms/offices, break room with kitchenette, and three bathrooms (one with shower).
    • New parking lot and 8‑foot privacy fence.
    • Suitable for various businesses (tattoo studio, medical office, etc.).

    Overview

    This updated commercial building is located minutes from downtown and is suitable for investors or owner-users. The property is move-in ready and has been fully updated. It is currently used as a tattoo studio but could also serve as a medical or therapy office, or any business needing a professional space. The building features a bright lobby with a reception counter, seven private rooms/offices, a break room with a kitchenette, and three bathrooms, one of which includes a shower. The property includes a new parking lot and an 8-foot privacy fence. The building size is approximately 1674 square feet.

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $42.2k $25.20
    − Vacancy −$4.4k −$2.65
    EGI $37.8k $22.55
    − OpEx −$15.1k −$9.02
    NOI $22.7k $13.53
    1,674 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $323.6K
    $283.2K – $377.6K (±1% cap)
    NOI $22,653 @ 7.0% cap · market cap 5.41%
    Second Best
    Office B
    $301.3K
    $263.7K – $351.5K (±1% cap)
    NOI $21,092 @ 7.0% cap · market cap 5.04%
    Theoretical Best
    Office A
    $421.0K
    $368.4K – $491.2K (±1% cap)
    NOI $29,469 @ 7.0% cap · market cap 7.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Taba Studios Panama ... Tattoo & Piercing Shop Lady Luck Tattoo Tattoo & Piercing Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Gulf Coast Animal Hospital — 301 15th St T, Panama City, FL 32401
    • Gulf Coast Animal Hospital: Taylor Donald R DVM — 301 15th St T, Panama City, FL 32401
    • Scott Robert G DVM — 301 15th St T, Panama City, FL 32401
    • Gulf Veterinary Services — 301 W 15th St, Panama City, FL 32401

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.6644
    Latitude
    30.168

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready commercial building suitable for various business ventures.
    Where is this medical office space located?
    The property is located at 316 W 11th Street Panama City, FL.
    What is the asking price?
    The asking price for this property is $418,500.
    What are key features of this property?
    This property features: Fully updated and move‑in ready commercial building.; Prime location minutes from downtown.; SBA eligible, ideal for owner occupant.
    (850) 225-7000
    We can help!
    Listing Contact
    STEPHANIE M SHIPP
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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