6720-6728 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 4 at 11:19 pm
Property Features for 6720-6728 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
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 ERA NEUBAUER REAL ESTATE INC
Investment Insights
Based on property information with market context.
Key Highlights
- New construction 5‑unit townhome building: a modern, low‑maintenance investment.
- Strong rental potential near Tyndall Air Force Base.
- 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 |