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Property profile & analytics
FOR LEASE
Office Spaces

5 Miracle Strip Loop Panama City Beach, FL 32407

17,892 SF 1.12 ac lot Built 1986
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US18-4400501
Property summary
AI-generated overview

This exceptional executive office space, part of the Emerald Coast Professional Center, offers a prime location on the beach. The newly renovated building boasts 11,764 square feet, spread across two stories in a 16-unit brick structure. Currently, 1,000 square feet of office space is immediately available, perfect for a small business or expanding team. This particular unit features three private offices and a reception area, providing a professional and efficient workspace. The building offers ample parking with 37 spaces available for tenants and their clients. The property's convenient location ensures easy access for employees and visitors alike. Additional space ranging from 800 to 2,000 square feet may also be available, providing flexibility for businesses with varying needs. The property is identified by APN 34881-525-000 and is located in Bay County. Each floor of the building comprises 7,200 square feet, offering a well-proportioned layout. This is a fantastic opportunity to secure high-quality office space in a desirable beachfront location. Inquire today to learn more about leasing options and availability.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1986
Construction WOOD
Total area 17,892 SF
Lot 1.12 ac (48,918 SF)
Zoning code PCB04
APN 34881-525-000
UPID US18-4400501
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.76M
Blend (final) Blend
$1.47M
Owner & transaction history
Ecpc LLC · 8 yrs held
Ecpc LLC
since 2017
2 recorded transactions
2023
Price N/A
2017
$700,000
Zoning & alternative use
PCB04 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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