Corner Storefront with New
For Sale
Contact for pricing
4018 W 18th St, Panama City, FL 32405
Commercial building along Hwy 98 with a corner-lot footprint, parking capacity, and a recently replaced roof.
Property Size2,980 SF
Price / SF$323.83
Days on Market356
Property Features for 4018 W 18th St
General Information
Standard status
Active
Size
2,980 SF
Property subtype
RETAIL
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Listing Agency:
Counts Real Estate Group
(850) 249-3615
Listed By:
Andy Gonsalves · License #0409063
(850) 527-2639
Source:
Moodyscre
Added: Sep 23, 2025
Changed: Sep 11
Last Checked: Sep 12 at 7:04AM
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 Counts Real Estate Group
Investment Insights
Based on property information with market context.
This 2,980-square-foot storefront property occupies a corner parcel along Hwy 98. The building has received a newer roof and all-new HVAC systems, with the interior and exterior maintained for its age. Its layout has supported an audio installation and service operation for more than 20 years.
Positioned on the main corridor entering Panama City from Panama City Beach, the property offers a visible roadside setting with space for on-site parking. The sale includes the real estate only; the current owner will require 30 days after closing to vacate the building.
Positioned on the main corridor entering Panama City from Panama City Beach, the property offers a visible roadside setting with space for on-site parking. The sale includes the real estate only; the current owner will require 30 days after closing to vacate the building.
Key Highlights
- 2,980‑square‑foot storefront property
- Corner parcel on the main Hwy 98 corridor
- Located along the route entering Panama City from Panama City Beach
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
$34,356
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
3.56%
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%
$687,120
$687.1K
Cap Rate 7%
$490,800
$490.8K
Cap Rate 9%
$381,733
$381.7K
Market Conditions
NOI Build-Up for 2,980 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
$53.6K $18.00/SF
− Vacancy
−$4.6K −$1.53/SF
EGI
$49.1K $16.47/SF
− OpEx
−$14.7K −$4.94/SF
NOI
$34.4K $11.53/SF
Area
Walton County, FL
Vacancy
8.50%
Lease Rate
$18.00 /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%
$687,120
Cap Rate 7%
$490,800
Cap Rate 9%
$381,733
Alternative Uses
Best Use
Retail
$490.8K
$429.5K – $572.6K
NOI $34,356 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.4K
$655.8K – $874.3K
NOI $52,460 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 45%
Hotels & Casinos 10%
McDonald's
Dining
15,527 visits/mo
0.2 miles
Circle K
Shops & Services
13,320 visits/mo
0.3 miles
Dollar General
Shops & Services
6,676 visits/mo
0.1 miles
Dunkin' Donuts
Dining
5,336 visits/mo
0.2 miles
Golden Chick
Dining
3,767 visits/mo
0.2 miles
Demographics for 32405, FL
28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building along Hwy 98 with a corner-lot footprint, parking capacity, and a recently replaced roof.
Where is this storefront property located?
The property is located at 4018 W 18th St Panama City, FL.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: 2,980‑square‑foot storefront property; Corner parcel on the main Hwy 98 corridor; Located along the route entering Panama City from Panama City Beach
