Furnished Two-Unit
New
For Sale
$499,000
7300 Sunset Avenue, Panama City Beach, FL 32408
Residential, Panama City Beach, FL
Property Size1,896 SF
Price / SF$263.19
Days on Market5
Property Features for 7300 Sunset Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Living Room, Bathroom 1
Subdivision
NONESUCH WAY
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
Taxes and HOA fees
Tax Year
2025
Tax Description
Holiday Beach Unit #15Lot 1 Blk 13Orb 4723 P 283
Tax Annual Amount
4516
Legal Description
Holiday Beach Unit #15Lot 1 Blk 13Orb 4723 P 283
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Amenities
private backyard
outdoor shower
Building Details
Year built
1985
Building materials
Stucco
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Kelly Stiles · License #3555354
(850) 319-5132
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 3 at 6:06AM
MLS# 1012935
Copyright © 2026 Emerald Coast 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 1,896-square-foot duplex was built in 1985 and contains two residences, each with two bedrooms and one bathroom. Both sides are furnished and have updated kitchen cabinets and appliances, individual parking, a private backyard, and an outdoor shower. Central heating and central air serve the building; the exterior is stucco, and the property uses a septic tank.
The yard has lagoon views, and a boat ramp is nearby. The property is also close to the beach. Short-term rentals are allowed, and the two residences may be used separately.
The yard has lagoon views, and a boat ramp is nearby. The property is also close to the beach. Short-term rentals are allowed, and the two residences may be used separately.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,896 square feet; built in 1985
- Furnished units with new kitchen cabinets and appliances
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
$20,174
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
4.04%
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%
$403,480
$403.5K
Cap Rate 7%
$288,200
$288.2K
Cap Rate 9%
$224,156
$224.2K
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
$30.7K $16.20/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$28.8K $15.20/SF
− OpEx
−$8.6K −$4.56/SF
NOI
$20.2K $10.64/SF
Area
Bay County, FL
Vacancy
6.17%
Lease Rate
$16.20 /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%
$403,480
Cap Rate 7%
$288,200
Cap Rate 9%
$224,156
Alternative Uses
Best Use
Multifamily LT 5
$288.2K
$252.2K – $336.2K
NOI $20,174 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$264.1K
$231.1K – $308.1K
NOI $18,486 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$552.4K
$483.4K – $644.5K
NOI $38,670 @ 7.0% cap · market cap 7.75%
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 - Short-term rentals are permitted, with separate parking and private outdoor space for each residence.
Where is this duplex located?
The property is located at 7300 Sunset Avenue Panama City Beach, 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 residences, each with 2 bedrooms and 1 bathroom; 1,896 square feet; built in 1985; Furnished units with new kitchen cabinets and appliances
