Panama City Beach Office
415 R Jackson Boulevard, Panama City Beach, FL 32407
40,113 SF office complex on 2.86 acres near beach.
Type:Office
Property size:
40,113 SFPrice / SF:
$186/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Dec 3 at 5:36 am
Property Features for 415 R Jackson Boulevard
General Information
- Standard status
- Active
- Size
- 40,113 SF
- Property subtype
- Office
Building Details
- Year Built
- 1988
Listing agent JAMIE RAYMOND FISCHER License ##3580252
Listing office RE/MAX Land Exchange Ltd (519) 357-3332
Listing date Nov 21, 2025
Source Naiglobal
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 RE/MAX Land Exchange Ltd
HighLights
- High‑visibility, signalized corner location at a major intersection with high traffic counts (AADT +/-22,000 & +/-44,500).
- +/-40,113 SF office complex on +/-2.86 acres.
- Proximity to major resorts, golf courses, residential developments, entertainment destinations, and the beach (.25 miles).
- Multiple access points for ingress/egress.
- Strong tenant mix.
- New Roof (2019).
Overview
This strategically positioned office complex is located at the lighted intersection of Hutchison Boulevard (Middle Beach Road) and Richard Jackson Boulevard. The property benefits from high visibility and multiple access points. Situated on a 2.86-acre parcel, the complex offers a 3:100 parking ratio. The combined square footage totals approximately 40,113. The property is home to a strong tenant mix and benefits from its proximity to major resorts, golf courses, residential developments, and entertainment destinations. Located 0.25 miles from the beach and 3.5 miles from Pier Park, the site enjoys year-round traffic driven by tourism and a fast-growing local population. The property is located just past the signal at Middle Beach Road (Hutchison Boulevard). The property is proximate to all Panama City Beach amenities and attractions. A new roof was installed in 2019. Adjacent FDOT AADT counts of +/-22,000 & +/-44,500.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$7.49M
NOI $674,470 @ 9.00% cap · cautious / downside scenario
Moderate
$9.64M
NOI $674,470 @ 7.00% cap · market / base-case scenario
Aggressive
$13.49M
NOI $674,470 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.13M | $28.20 |
| − Vacancy | −$231.9k | −$5.78 |
| EGI | $899.3k | $22.42 |
| − OpEx | −$224.8k | −$5.60 |
| NOI | $674.5k | $16.81 |
40,113 SF · lease $28.20/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$9.64M
$8.43M – $11.24M
NOI $674,470 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.69M
$10.23M – $13.64M
NOI $818,128 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.7957
- Latitude
- 30.2113
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 40,113 SF office complex on 2.86 acres near beach.
Where is this office building located?
The property is located at 415 R Jackson Boulevard Panama City Beach, FL.
What is the asking price?
The asking price for this property is $7,499,000.
What are key features of this property?
This property features: **High‑visibility, signalized corner location** at a major intersection with high traffic counts (AADT +/-22,000 & +/-44,500).; +/-40,113 SF office complex on +/-2.86 acres.; Proximity to major resorts, golf courses, residential developments, entertainment destinations, and the beach (.25 miles).
