Furnished Two-Unit
New
For Sale
$499,000
7300 Sunset Avenue, Panama City, FL 32408
Residential, Panama City, FL
Property Size1,896 SF
Lot Size0.13 Acres
Price / SF$263.19
Days on Market2
Property Features for 7300 Sunset Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Resid Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Patio
Exterior features
OutdoorShower
Fencing
Fenced
Appliances
ElectricRange, ElectricWaterHeater
Subdivision
No Named Subdivision
Lot features
Paved
Elementary school
Patronis
Middle school
Surfside
High school
Arnold
Directions
Thomas Drive to Walnut St then continue to Sunset
Standard status
Active
APN
30808-319-000
Size
1,896 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOLIDAY BEACH UNIT #15 LOT 1 BLK 13 ORB 4723 P 283
Tax Annual Amount
4516
Legal Description
HOLIDAY BEACH UNIT #15 LOT 1 BLK 13 ORB 4723 P 283
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
private backyard
outdoor shower
lagoon views
Building Details
Year built
1985
Building materials
Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Kelly L Stiles · License #3555354
(850) 319-5132
Added: Sep 9
Last Checked: Sep 10 at 9:06AM
MLS# 795186
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This furnished duplex contains 1,896 square feet arranged as two residences, each with two bedrooms and one bathroom. Both sides feature brand-new kitchen cabinets and appliances, separate parking, private fenced yard areas, and an outdoor shower. Central heating and cooling, stucco construction, shingle roofing, and a patio are also included. The property was built in 1985 and occupies 0.13 acres.
Located at 7300 Sunset Avenue in Panama City, the property offers lagoon views from the yard, access to a nearby boat ramp, and convenient proximity to Panama City Beach. Short-term rentals are allowed, supporting use of both units as rentals or a combination of personal occupancy and rental use.
Located at 7300 Sunset Avenue in Panama City, the property offers lagoon views from the yard, access to a nearby boat ramp, and convenient proximity to Panama City Beach. Short-term rentals are allowed, supporting use of both units as rentals or a combination of personal occupancy and rental use.
Key Highlights
- Two‑unit duplex with 1,896 square feet on 0.13 acres
- Each residence has 2 bedrooms and 1 bathroom
- Brand‑new kitchen cabinets and appliances in both units
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
$22,935
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
4.60%
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%
$458,700
$458.7K
Cap Rate 7%
$327,643
$327.6K
Cap Rate 9%
$254,833
$254.8K
Market Conditions
NOI Build-Up for 1,896 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
$38.7K $20.40/SF
− Vacancy
−$5.9K −$3.12/SF
EGI
$32.8K $17.28/SF
− OpEx
−$9.8K −$5.18/SF
NOI
$22.9K $12.10/SF
Area
Walton County, FL
Vacancy
15.29%
Lease Rate
$20.40 /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%
$458,700
Cap Rate 7%
$327,643
Cap Rate 9%
$254,833
Alternative Uses
Best Use
Multifamily LT 5
$327.6K
$286.7K – $382.3K
NOI $22,935 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$300.0K
$262.5K – $350.0K
NOI $20,998 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$476.8K
$417.2K – $556.3K
NOI $33,377 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer refreshed kitchens, separate parking, and fenced private outdoor space.
Where is this duplex located?
The property is located at 7300 Sunset Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,896 square feet on 0.13 acres; Each residence has 2 bedrooms and 1 bathroom; Brand‑new kitchen cabinets and appliances in both units
