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 Market220
Property Features for 3914 Ural Street Panama
General Information
Standard status
Active
Size
2,509 SF
Property subtype
Duplex
Amenities
Ceiling Fan(s)
Electric
Central
Central Air
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
(850) 890-2320
Listed By:
Christina Daniels · License #3221544
(850) 890-2320
Source:
Kw
Added: Jan 23
Changed: Aug 30
Last Checked: Aug 30 at 10:44PM
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.
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 = 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
$30,350
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
5.52%
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%
$607,000
$607.0K
Cap Rate 7%
$433,571
$433.6K
Cap Rate 9%
$337,222
$337.2K
Market Conditions
NOI Build-Up for 2,509 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
$51.2K $20.40/SF
− Vacancy
−$7.8K −$3.12/SF
EGI
$43.4K $17.28/SF
− OpEx
−$13.0K −$5.18/SF
NOI
$30.4K $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%
$607,000
Cap Rate 7%
$433,571
Cap Rate 9%
$337,222
Alternative Uses
Best Use
Multifamily LT 5
$433.6K
$379.4K – $505.8K
NOI $30,350 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$397.0K
$347.3K – $463.1K
NOI $27,787 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$631.0K
$552.1K – $736.1K
NOI $44,168 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
