Office Units with Controlled
For Sale
Contact for pricing
600 Grand Panama Blvd, Panama City Beach, FL 32407
Flexible layouts include reception, conference, and banking facilities.
Property Size29,633 SF
Days on Market139
Property Features for 600 Grand Panama Blvd
General Information
Standard status
Active
Size
29,633 SF
Class
A
Property subtype
Office
Lease Term
NNN
Amenities
24 Hour Access
Controlled Access
Security System
Banking
Conferencing Facility
Reception
Central Heating/Air
High Ceilings
Recessed Lighting
Monument Signage
Surface parking
Building Details
Building Size
29,633 SF
Year Built
2008
Tenancy
Multi
Properties For Sale
at 600 Grand Panama Blvd Contact us203
Size
1,547 SF
Type
Office Building
Term
Negotiable
301
Size
3,425 SF
Type
Office Building
Term
Negotiable
303
Size
3,079 SF
Type
Office Building
Term
Negotiable
Listing Agency:
TLG Real Estate Services Destin PLLC
Listed By:
Brandon Cramer · License #317619
(404) 447-6125
Source:
Tlgproperty
Added: Jun 2
Changed: Oct 2
Last Checked: Oct 16 at 7:57AM
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 TLG Real Estate Services Destin PLLC
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Investment Insights
Based on property information with market context.
Office units are available within a 2008-built property offering flexible floorplans for a range of business uses. The space includes reception and conferencing facilities, banking functionality, high ceilings, recessed lighting, and central heating and air. Controlled entry, a security system, 24-hour access, monument signage, and surface parking are also provided.
The property is located at 600 Grand Panama Blvd in Panama City Beach, with access to nearby shopping, dining, and residential areas. Office occupants also have access to building amenities that support meetings, visitors, and day-to-day operations.
The property is located at 600 Grand Panama Blvd in Panama City Beach, with access to nearby shopping, dining, and residential areas. Office occupants also have access to building amenities that support meetings, visitors, and day-to-day operations.
Key Highlights
- 2008‑built office property with flexible floorplans
- 24‑hour access, controlled entry, and security system
- Reception, conferencing, and banking facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$498,257
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,965,140
$10.0M
Cap Rate 7%
$7,117,957
$7.1M
Cap Rate 9%
$5,536,189
$5.5M
Market Conditions
NOI Build-Up for 29,633 SF
Gross rent
$835.7K $28.20/SF
− Vacancy
−$171.3K −$5.78/SF
EGI
$664.3K $22.42/SF
− OpEx
−$166.1K −$5.60/SF
NOI
$498.3K $16.81/SF
Area
Bay County, FL
Vacancy
20.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,965,140
Cap Rate 7%
$7,117,957
Cap Rate 9%
$5,536,189
Alternative Uses
Best Use
Office B
$7.12M
$6.23M – $8.30M
NOI $498,257 @ 7.0% cap · market cap 2,076,070.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.63M
$7.55M – $10.07M
NOI $604,382 @ 7.0% cap · market cap 2,518,258.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Flexible layouts include reception, conference, and banking facilities.
Where is this office units located?
The property is located at 600 Grand Panama Blvd Panama City Beach, FL.
What are key features of this property?
This property features: 2008‑built office property with flexible floorplans; 24‑hour access, controlled entry, and security system; Reception, conferencing, and banking facilities
