4-Unit Quadplex Near Beach
For Sale
$995,000
4113 Holiday Drive, Panama City, FL 32408
Four residential units can accommodate short-term vacation rentals or longer-term tenants.
Property Size2,944 SF
Price / SF$337.98
Days on Market174
Property Features for 4113 Holiday Drive
General Information
Standard status
Active
Size
2,944 SF
Property subtype
COMMERCIAL
Additional Details
Multifamily Units
4
Building Details
Building Size
2,944 SF
Year Built
1983
Listing Agency:
Side
Listed By:
Local Insight Realty
(850) 832-9417
Source:
Localinsightrealty
Added: May 8
Changed: Oct 26
Last Checked: Oct 26 at 2:19PM
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 Side
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Investment Insights
Based on property information with market context.
This 2,944-square-foot quadplex, built in 1983, contains four residential units. The property is in Panama City, in the Lower Grand Lagoon area off Thomas Drive, with public beach access and the Gulf within walking distance.
St. Andrews State Park, marinas, and restaurants are among the nearby destinations. The location and four-unit configuration support either vacation rental use or longer-term tenancy.
St. Andrews State Park, marinas, and restaurants are among the nearby destinations. The location and four-unit configuration support either vacation rental use or longer-term tenancy.
Key Highlights
- Four residential units in a 2,944‑square‑foot property
- Built in 1983
- Within walking distance of 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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units can accommodate short-term vacation rentals or longer-term tenants.
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: Four residential units in a 2,944‑square‑foot property; Built in 1983; Within walking distance of the Gulf and public beach access
