Beach-Access
For Sale
$995,000
4113 Holiday Drive, Panama City, FL 32408
CommercialSale, Panama City, FL
Property Size2,944 SF
Lot Size0.05 Acres
Price / SF$337.98
Days on Market162
Property Features for 4113 Holiday Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Resid Multi-Family, Resid Single Family
Exterior features
RainGutters
Subdivision
Holiday Beach Unit 9
Lot features
Level
Elementary school
Patronis
Middle school
Surfside
High school
Arnold
Directions
From the intersection of Thomas Dr and Front Beach Rd, head south on Thomas Dr. Turn left onto Holiday Dr. Continue on Holiday Dr; property will be on the left-hand side.
Standard status
Active
APN
30762-020-000
Size
2,944 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
HOLIDAY BEACH UNIT #9 BEG AT MOST WLY COR LOT 5 SELY 39.30' NELY 57.58' NWLY 37.36' TO SELY R/W HOLIDAY DR TH SWLY 57.84' TO POB TOGETHER WITH ESMT BLK F ORB 4548 P 1937
Legal Description
HOLIDAY BEACH UNIT #9 BEG AT MOST WLY COR LOT 5 SELY 39.30' NELY 57.58' NWLY 37.36' TO SELY R/W HOLIDAY DR TH SWLY 57.84' TO POB TOGETHER WITH ESMT BLK F ORB 4548 P 1937
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1983
Floors in Building
2
Flooring type
Tile
Building materials
Stucco, VinylSiding
Roof type
Shingle
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(850) 234-6696
Listed By:
Frank Trenholm
(850) 774-8944
Added: May 3
Changed: Sep 12
Last Checked: Oct 11 at 7:06PM
MLS# 789589
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fourplex contains four units within a 2944-square-foot building on a 0.05-acre parcel. The property was built in 1983 and features stucco and vinyl siding, tile flooring, shingle roofing, rain gutters, central heating, central air, and ceiling fans. Each residence has a practical layout suitable for the rental configurations identified for the property.
The building is in the Lower Grand Lagoon area off Thomas Dr, with the Gulf and public beach access within a short walk. St. Andrews State Park, marinas, and restaurants are also nearby, placing the property within an established Panama City Beach visitor and residential setting. The address is 4113 Holiday Drive, Panama City, FL 32408.
The building is in the Lower Grand Lagoon area off Thomas Dr, with the Gulf and public beach access within a short walk. St. Andrews State Park, marinas, and restaurants are also nearby, placing the property within an established Panama City Beach visitor and residential setting. The address is 4113 Holiday Drive, Panama City, FL 32408.
Key Highlights
- Fourplex with four separate units
- 2944 square feet on a 0.05‑acre parcel
- Short walk to the Gulf and public beach access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,325
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,500
$626.5K
Cap Rate 7%
$447,500
$447.5K
Cap Rate 9%
$348,056
$348.1K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$47.7K $16.20/SF
− Vacancy
−$2.9K −$1.00/SF
EGI
$44.8K $15.20/SF
− OpEx
−$13.4K −$4.56/SF
NOI
$31.3K $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%
$626,500
Cap Rate 7%
$447,500
Cap Rate 9%
$348,056
Alternative Uses
Best Use
Multifamily LT 5
$447.5K
$391.6K – $522.1K
NOI $31,325 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$410.1K
$358.8K – $478.4K
NOI $28,705 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$857.8K
$750.6K – $1.00M
NOI $60,045 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
408
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate units are positioned for short-term rentals or long-term tenancy near the Gulf and public beach access.
Where is this quadplex located?
The property is located at 4113 Holiday Drive Panama City, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Fourplex with four separate units; 2944 square feet on a 0.05‑acre parcel; Short walk to the Gulf and public beach access
