3407 FL-77 Panama City, FL 32405
4.2-acre property with retail buildings and redevelopment potential.
Property Features for 3407 FL-77
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Lot size
- 4.20 Acres
- Property subtype
- Land, Mixed Use, Retail, Special Purpose
Building Details
- Year Built
- 1985
Listing office Keller Williams Success Realty (850) 258-2544
Listing date Jul 5, 2022
Source Crexi
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 Keller Williams Success Realty
Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic location on Hwy 77 with 330' of road frontage and an average daily traffic
Local Financial Insights For Retail
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 | $129.6k | $18.00 |
| − Vacancy | −$11.0k | −$1.53 |
| EGI | $118.6k | $16.47 |
| − OpEx | −$35.6k | −$4.94 |
| NOI | $83.0k | $11.53 |