Duplex with Rose
5208 Joshua Lane, Panama City, FL 32404
For Sale
New
$230,000
Residential, Panama City, FL
Property Size1,401 SF
Price / SF$164.17
Days on Market3
Property Features for 5208 Joshua Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Fireplace
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Amenities
fireplace
rose garden
stainless steel appliances
breakfast bar
pantry
walk-in closet
ensuite bath
Building Details
Year built
Flooring type
Building materials
Architectural style
Listing Agency:
Compass
(850) 296-9769
Listed By:
Sheila R McElhaney · License FL #690500
(850) 830-8056
Added: Nov 10
Last Checked: Nov 12 at 9:06AM
MLS# 1015246
Copyright © 2026 Emerald Coast 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.
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Investment Insights
Based on property information with market context.
This 1,401-square-foot duplex was built in 2005. The interior has vinyl flooring in the main living area and carpet in the bedrooms, along with a fireplace, breakfast bar, pantry, and stainless steel appliances. Both bathrooms have updated vanities and lighting. The primary bedroom includes a walk-in closet and ensuite bath. A sliding door opens to a backyard with a rose garden.
The property is in Panama City, less than a mile from Springfield Sports Complex. Grocery options are a short drive away. Central heating and air conditioning serve the home, and public sewer is available.
The property is in Panama City, less than a mile from Springfield Sports Complex. Grocery options are a short drive away. Central heating and air conditioning serve the home, and public sewer is available.
Key Highlights
- 1,401 square feet of living space
- Built in 2005
- Backyard includes a rose garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,907
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,140
$298.1K
Cap Rate 7%
$212,957
$213.0K
Cap Rate 9%
$165,633
$165.6K
Market Conditions
NOI Build-Up for 1,401 SF
Gross rent
$22.7K $16.20/SF
− Vacancy
−$1.4K −$1.00/SF
EGI
$21.3K $15.20/SF
− OpEx
−$6.4K −$4.56/SF
NOI
$14.9K $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%
$298,140
Cap Rate 7%
$212,957
Cap Rate 9%
$165,633
Alternative Uses
Best Use
Multifamily LT 5
$213.0K
$186.3K – $248.5K
NOI $14,907 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$195.1K
$170.8K – $227.7K
NOI $13,660 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$408.2K
$357.2K – $476.2K
NOI $28,574 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
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Business Placement
Demographics for 32404, FL
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Panama City, FL
Properties on Market for Duplexes in Panama City
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Interior features include a fireplace, breakfast bar, pantry, and stainless steel appliances.
Where is this duplex located?
The property is located at 5208 Joshua Lane Panama City, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,401 square feet of living space; Built in 2005; Backyard includes a rose garden
