Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7099 HWY 98 W Panama City Beach, FL 32408

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6,000 /Mo

    High-visibility 1-acre outparcel near NSA Panama City Naval Base.

    Type:Commercial
    Added:
    Apr 10, 2025
    Days on Market:
    370
    Last Refresh:
    Apr 5 at 8:18 pm

    Property Features for 7099 HWY 98 W

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    CARL E ALLEN

    Listing agent CARL E ALLEN License #3168405

    Listing office COUNTS REAL ESTATE GROUP INC

    Listing date Apr 10, 2025

    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 COUNTS REAL ESTATE GROUP INC

    Overview

    Prime Panama City Beach Outparcel

    A 1-acre outparcel is available for lease at 7099 Hwy 98 West in Panama City Beach, FL. The site is located within a retail center anchored by Murphy USA, Dollar General, and Cartona, a high-speed electric go-kart attraction. The property benefits from high traffic counts and a strategic location directly adjacent to NSA Panama City Naval Base. It is surrounded by residential neighborhoods and year-round demand drivers. Multiple AADT corridors converge nearby, including 69,718 vehicles per day on Hwy 98 Front Beach Rd, and 36,500 on Thomas Drive, providing exposure and access within the submarket.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.7661
    Latitude
    30.1853

    Nearby Similar for Lease

    • Contact for pricing

      Furnished Office Space For Rent

      Turnkey, furnished office space with utilities included in Panama City.
      4408 Delwood Lane unit: 22, Panama City Beach, FL 32408
      View Details
    • Contact for pricing

      Panama City Beach Commercial Space

      Versatile commercial space in Panama City Beach, Florida available for lease.
      17799 Panama City Beach Parkway unit: 2, Panama City Beach, FL 32413
      View Details
    • Contact for pricing

      Affordable Office Space For Rent

      Commercial office space available in Panama City Beach, Florida.
      8317 Front Beach Road unit: 37F, Panama City Beach, FL 32407
      View Details
    • Contact for pricing

      Updated Commercial Space with Warehouse

      Recently updated commercial space with office and warehouse areas.
      512 Commerce Drive unit: A, Panama City Beach, FL 32408
      View Details
    • $35/mo

      Retail/Medical/Office Space For Lease

      New construction retail/medical/office space available for lease.
      11697 PANAMA CITY BEACH PARKWAY, PANAMA CITY BEACH, FL 32407
      View Details
    • Contact for pricing

      Turn-Key Office Space Available

      Professional office space for sublease in Panama City Beach.
      100 R Jackson Boulevard unit: 120B, Panama City Beach, FL 32407
      View Details
    • $46/mo

      Restaurant Property in Panama City Beach

      Net-leased restaurant property in high-traffic Panama City Beach location.
      10071 Hutchison Blvd, Panama City Beach, FL 32407
      View Details
    • $22/mo

      Panama City Beach Medical Office

      Second-story medical office space in the heart of Panama City Beach.
      12905 Panama City Beach Pkwy, Panama City Beach, FL 32407
      View Details
    • Sponsored
      Contact for pricing

      FL, Panama City Beach - Panama City Pkwy

      14101 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • $46/mo

      Net-Leased Restaurant Property in Florida

      Net-leased restaurant property with corporate-backed lease through May 2031.
      10071 Hutchison Blvd, Panama City Beach, FL 32407
      View Details
    • $21/mo

      Retail and Office Space Available

      Retail and office spaces with ample parking in Panama City Beach.
      9998 Hutchison Blvd, Panama City Beach, FL 32407
      View Details
    • Contact for pricing

      High Visibility Office Space Available

      Office space in a high-traffic, strategically located area.
      415 Richard Jackson Boulevard #201, Panama City Beach, FL 32407
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility 1-acre outparcel near NSA Panama City Naval Base.
    Where is this commercial land located?
    The property is located at 7099 HWY 98 W Panama City Beach, FL.
    What is the lease rate?
    The lease rate is $6,000 /Mo.
    What are key features of this property?
    This property features: Prime 1‑acre outparcel location on Hwy 98 W in Panama City Beach.; High visibility location within a retail center anchored by Murphy USA, Dollar General, and Cartona.; Exceptional traffic counts: **69,718 vehicles per day on Hwy 98 Front Beach Rd**, and 36,500 on Thomas Drive.
    (850) 249-1414
    We can help!
    Listing Contact
    CARL E ALLEN
    Real Estate License ID: 3168405
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!