Turnkey Convenience Store on Front
For Sale
$2,600,000
7624 Front Beach Road, Panama City Beach, FL 32407
Fully operational convenience store with high visibility and traffic exposure.
Property Size9,632 SF
Lot Size2.38 Acres
Price / SF$269.93
Days on Market397
Property Features for 7624 Front Beach Road
General Information
Standard status
Active
Size
9,632 SF
Lot size
2.38 Acres
Property subtype
Commercial
Building Details
Year Built
2001
Listing Agency:
NAI TALCOR
(850) 249-2879
Listed By:
TAMMY R HUSTON · License #SL3513905
Source:
Corcoran
Added: Jul 9, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:02AM
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 NAI TALCOR
Investment Insights
Based on property information with market context.
This operational convenience store is situated on approximately 2.378 acres. The building offers approximately 3,200 square feet of space and includes 10 MPDs with 20 pump stations under an approximately 6,432 square foot canopy. The property benefits from high traffic exposure, with a combined approximate 66,000 vehicles per day on Front Beach Road and Panama City Beach Parkway. Prominent signage is strategically located for maximum exposure from both Front Beach Road and the nearby exit ramp off Panama City Beach Parkway. This site is suitable for fuel operators, retailers, or QSR concepts seeking immediate functionality in a high-traffic corridor.
Key Highlights
- High‑traffic location with ±66,000 vehicles per day.
- Fully operational, turnkey convenience store.
- Substantial ±6,432 SF canopy with 10 MPDs and 20 pump stations.
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
$121,190
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
4.66%
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%
$2,423,800
$2.4M
Cap Rate 7%
$1,731,286
$1.7M
Cap Rate 9%
$1,346,556
$1.3M
Market Conditions
NOI Build-Up for 9,632 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
$173.4K $18.00/SF
− Vacancy
−$11.8K −$1.22/SF
EGI
$161.6K $16.78/SF
− OpEx
−$40.4K −$4.19/SF
NOI
$121.2K $12.58/SF
Area
Bay County, FL
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,423,800
Cap Rate 7%
$1,731,286
Cap Rate 9%
$1,346,556
Alternative Uses
Best Use
Specialty Retail
$1.73M
$1.51M – $2.02M
NOI $121,190 @ 7.0% cap · market cap 4.66%
Second Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,469 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$2.81M
$2.46M – $3.27M
NOI $196,450 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 41%
Hotels & Casinos 9%
Home Improvements & Furnishings 3%
Taco Bell
Dining
9,251 visits/mo
0.5 miles
Dollar General
Shops & Services
6,411 visits/mo
0.4 miles
Dollar General
Shops & Services
5,149 visits/mo
0.4 miles
Little Caesars Pizza
Dining
4,576 visits/mo
0.4 miles
U-Haul
Shops & Services
3,854 visits/mo
0.3 miles
Demographics for 32407, FL
14,366
Population
12,163
Households
1.2
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
964
Density / Sq Mi
$79,052
Median Household Income
$44,027
Median Earnings
$1,792
Median Rent
$403,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Fully operational convenience store with high visibility and traffic exposure.
Where is this gas station located?
The property is located at 7624 Front Beach Road Panama City Beach, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: High‑traffic location with ±66,000 vehicles per day.; Fully operational, turnkey convenience store.; Substantial ±6,432 SF canopy with 10 MPDs and 20 pump stations.
