Furnished Beach
For Sale
$549,900
3914 Ural Street Panama, Panama City, FL 32408
Separate entrances divide a four-bedroom upper residence from a one-bedroom lower suite.
Property Size2,509 SF
Days on Market265
Property Features for 3914 Ural Street Panama
General Information
Standard status
Active
Size
2,509 SF
Property subtype
Duplex
Amenities
Central
Electric
Central Air
Ceiling Fan(s)
Ductless
Electric Cooktop
Electric Oven
Electric Water Heater
Deck, Patio, Porch, Cable Connected, Electricity Available, Metal
Building Details
Building Size
2,509 SF
Year Built
1979
Listing Agency:
KELLER WILLIAMS SUCCESS REALTY
Listed By:
Christina Daniels · License #3221544
(850) 890-2320
Source:
Kw
Added: Jan 23
Changed: Oct 15
Last Checked: Oct 14 at 9:57PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This furnished duplex is configured as two residential spaces within one property. The upper level provides four bedrooms and two bathrooms, while the lower level includes a separate-entry one-bedroom, one-bath suite. The arrangement allows the spaces to function independently while retaining a shared overall footprint.
Interior updates include refreshed paint, flooring, and lighting. The property also offers deck, patio, and porch areas for outdoor use, along with central air, ductless systems, ceiling fans, and electric appliances. Built in 1979, it is positioned between the lagoon and the beach, with beach access described as a short walk away. Dining, shopping, and entertainment are also identified nearby.
Interior updates include refreshed paint, flooring, and lighting. The property also offers deck, patio, and porch areas for outdoor use, along with central air, ductless systems, ceiling fans, and electric appliances. Built in 1979, it is positioned between the lagoon and the beach, with beach access described as a short walk away. Dining, shopping, and entertainment are also identified nearby.
Key Highlights
- Two residential spaces in one duplex configuration
- Upper level includes 4 bedrooms and 2 bathrooms
- Lower‑level 1‑bedroom, 1‑bath suite has a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,697
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,940
$533.9K
Cap Rate 7%
$381,386
$381.4K
Cap Rate 9%
$296,633
$296.6K
Market Conditions
NOI Build-Up for 2,509 SF
Gross rent
$40.6K $16.20/SF
− Vacancy
−$2.5K −$1.00/SF
EGI
$38.1K $15.20/SF
− OpEx
−$11.4K −$4.56/SF
NOI
$26.7K $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%
$533,940
Cap Rate 7%
$381,386
Cap Rate 9%
$296,633
Alternative Uses
Best Use
Multifamily LT 5
$381.4K
$333.7K – $445.0K
NOI $26,697 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$349.5K
$305.8K – $407.7K
NOI $24,463 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$731.0K
$639.7K – $852.9K
NOI $51,173 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances divide a four-bedroom upper residence from a one-bedroom lower suite.
Where is this duplex located?
The property is located at 3914 Ural Street Panama Panama City, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two residential spaces in one duplex configuration; Upper level includes 4 bedrooms and 2 bathrooms; Lower‑level 1‑bedroom, 1‑bath suite has a separate entrance
