Freestanding Storefront with Rear
For Sale
$2,850,000
544 N Tyndall Parkway, Panama City, FL 32404
Open-layout retail building with HVAC, full fire sprinklers, and a substantial rear yard.
Property Size15,000 SF
Lot Size2.00 Acres
Price / SF$190
Days on Market53
Property Features for 544 N Tyndall Parkway
General Information
Standard status
Active
Size
15,000 SF
Lot size
2.00 Acres
Property subtype
Commercial
Additional Details
Sprinkler System
Yes
Amenities
large rear yard area
Building Details
Building Size
15,000 SF
Year Built
2020
Buildings
1
Listing Agency:
Resource Realty Group, LLC
(850) 258-8971
Listed By:
Neil C Jones
(850) 258-8971
Source:
Fullsailnwfl
Added: Jul 10
Changed: Aug 30
Last Checked: Aug 30 at 5:32PM
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 Resource Realty Group, LLC
Investment Insights
Based on property information with market context.
This freestanding storefront property contains 15,000 SF on a 2-acre lot. Built new in 2020, the building offers an open interior layout with HVAC and a full sprinkler system. The property previously operated as a Badcock Furniture retail outlet and includes a large rear yard area.
Located at 544 N Tyndall Parkway in Panama City, Florida, the site combines a substantial retail building with outdoor land area. Its building configuration and existing mechanical and fire-protection systems support continued retail use, subject to applicable approvals and requirements.
Located at 544 N Tyndall Parkway in Panama City, Florida, the site combines a substantial retail building with outdoor land area. Its building configuration and existing mechanical and fire-protection systems support continued retail use, subject to applicable approvals and requirements.
Key Highlights
- 15,000 SF freestanding building on a 2‑acre lot
- Constructed new in 2020 after Hurricane Michael
- Open interior layout with HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$172,935
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,458,700
$3.5M
Cap Rate 7%
$2,470,500
$2.5M
Cap Rate 9%
$1,921,500
$1.9M
Market Conditions
NOI Build-Up for 15,000 SF
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.
Gross rent
$270.0K $18.00/SF
− Vacancy
−$23.0K −$1.53/SF
EGI
$247.1K $16.47/SF
− OpEx
−$74.1K −$4.94/SF
NOI
$172.9K $11.53/SF
Area
Walton County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,458,700
Cap Rate 7%
$2,470,500
Cap Rate 9%
$1,921,500
Alternative Uses
Best Use
Retail
$2.47M
$2.16M – $2.88M
NOI $172,935 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,060 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
260k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Superstores 30%
Shops & Services 24%
Groceries 5%
Walmart
Superstores
78,737 visits/mo
0.3 miles
Chick-fil-A
Dining
22,694 visits/mo
0.3 miles
Murphy USA
Shops & Services
19,639 visits/mo
0.3 miles
Murphy USA
Shops & Services
18,074 visits/mo
0.5 miles
Whataburger
Dining
15,786 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Open-layout retail building with HVAC, full fire sprinklers, and a substantial rear yard.
Where is this storefront property located?
The property is located at 544 N Tyndall Parkway Panama City, FL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 15,000 SF freestanding building on a 2‑acre lot; Constructed new in 2020 after Hurricane Michael; Open interior layout with HVAC
