Retail Property Near
415 Richard Jackson Boulevard, Panama City Beach, FL 32407
For Sale
$6,100,000
Retail property with high visibility near major attractions and beach.
Property Size48,737 SF
Lot Size2.86 Acres
Price / SF$125.16
Days on Market551
Property Features for 415 Richard Jackson Boulevard
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Year Built
Listing Agency:
NAI TALCOR
(850) 249-2879
Listed By:
ANDERSON J BROOKS · License FL SL3610747
(850) 890-2384
Source:
Corcoran
Added: May 9, 2025
Changed: Aug 8
Last Checked: Apr 24 at 7:59AM
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 NAI TALCOR
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property is strategically positioned at the lighted intersection of Hutchison Boulevard (Middle Beach Road) and Richard Jackson Boulevard, benefiting from high visibility. It experiences adjacent FDOT AADT counts of approximately 22,000 and 44,500. The property, totaling approximately 40,113 square feet, is situated on a 2.86-acre parcel with a parking ratio of 3:100 and multiple access points. The location is approximately 0.25 miles from the beach and 3.5 miles from Pier Park, resulting in year-round traffic from tourism and a growing local population. The property benefits from its proximity to major resorts, golf courses, residential developments, and entertainment destinations and is home to a strong tenant mix.
Key Highlights
- High visibility location at a lighted intersection with significant traffic counts (AADT +/-22,000 & +/-44,500).
- Sizeable 2.86‑acre parcel with ample parking (3:100 ratio) and multiple access points.
- Proximity to the beach (0.25 miles) and Pier Park (3.5 miles), driving year‑round traffic.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$533,665
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,673,300
$10.7M
Cap Rate 7%
$7,623,786
$7.6M
Cap Rate 9%
$5,929,611
$5.9M
Market Conditions
NOI Build-Up for 48,737 SF
Gross rent
$830.5K $17.04/SF
− Vacancy
−$68.1K −$1.40/SF
EGI
$762.4K $15.64/SF
− OpEx
−$228.7K −$4.69/SF
NOI
$533.7K $10.95/SF
Area
Bay County, FL
Vacancy
8.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,673,300
Cap Rate 7%
$7,623,786
Cap Rate 9%
$5,929,611
Alternative Uses
Best Use
Retail
$7.62M
$6.67M – $8.89M
NOI $533,665 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.20M
$12.43M – $16.57M
NOI $994,020 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 21%
Hotels & Casinos 11%
SONIC Drive In
Dining
9,870 visits/mo
0.3 miles
Taco Bell
Dining
8,713 visits/mo
0.1 miles
Waffle House
Dining
5,947 visits/mo
0.1 miles
BP
Shops & Services
4,863 visits/mo
0.1 miles
Applebee's
Dining
4,693 visits/mo
0.5 miles
Demographics for 32407, FL
14,366
Population
12,163
Households
1.2
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
964
Density / Sq Mi
$79,052
Median Household Income
$44,027
Median Earnings
$1,792
Median Rent
$403,500
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
Frequently Asked Questions
What type of property is this?
Shopping center - Retail property with high visibility near major attractions and beach.
Where is this shopping center located?
The property is located at 415 Richard Jackson Boulevard Panama City Beach, FL.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: High visibility location at a lighted intersection with significant traffic counts (AADT +/-22,000 & +/-44,500).; Sizeable 2.86‑acre parcel with ample parking (3:100 ratio) and multiple access points.; Proximity to the beach (0.25 miles) and Pier Park (3.5 miles), driving year‑round traffic.
