6710-6718 Cherry Street Panama City, FL 32404
Five-unit townhome building near Tyndall Air Force Base.
- Added:
- Mar 8, 2026
- Days on Market:
- 127
- Last Refresh:
- Jul 5 at 12:15 pm
Property Features for 6710-6718 Cherry Street
General Information
- Standard status
- Active
- Size
- 6,750 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing office ERA NEUBAUER REAL ESTATE INC (850) 785-1551
Listing date Mar 8, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of ERA NEUBAUER REAL ESTATE INC
Investment Insights
Based on property information with market context.
Key Highlights
- New Construction 5‑Unit Townhome Building: Ideal for investment.
- Proximity to Tyndall Air Force Base: Only 6.6 miles away, great for military housing.
- Each Unit: Features 3 bedrooms, 2.5 bathrooms, approximately 1,300 sq ft, and an attached one‑car garage.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.0k | $24.00 |
| − Vacancy | −$26.1k | −$3.86 |
| EGI | $135.9k | $20.14 |
| − OpEx | −$61.2k | −$9.06 |
| NOI | $74.8k | $11.07 |