Flex Space with Loading
For Sale
$1,995,000
7811 Panama City Beach Parkway, Panama City Beach, FL 32407
Commercial for Sale, Panama City Beach, FL
Property Size6,392 SF
Lot Size0.67 Acres
Price / SF$312.11
Days on Market587
Property Features for 7811 Panama City Beach Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Heading west on Panama City Beach Parkway aka US HWY 98 property is located 1.2 miles from the Hathaway Bridge on the South Side. Heading East on Panama City Beach Parkway property is 0.3 miles east of Cauley Avenue, just east of the cut-off to Front Beach Road and Thomas Drive.
Subdivision
27 - Bay County
Standard status
Active
APN
27856-022-000
Lot size
0.67 Acres
Taxes and HOA fees
Tax Description
32 3S 15W -4.12- 57D COM AT SE COR OF E1/2 OF NE1/4 OF NW1/4 TH W 100' FOR POB TH CONT W 120' N 247.87' TO SLY R/W OF SR 30A E120.23' S 240.18' TO POB ORB 2057 P 2011
Legal Description
32 3S 15W -4.12- 57D COM AT SE COR OF E1/2 OF NE1/4 OF NW1/4 TH W 100' FOR POB TH CONT W 120' N 247.87' TO SLY R/W OF SR 30A E120.23' S 240.18' TO POB ORB 2057 P 2011
Listing Agency:
Counts Real Estate Group Inc
(850) 249-3615
Listed By:
Christopher S McCall · License #666647
(850) 814-9889
Added: Feb 7, 2025
Changed: Sep 11
Last Checked: Sep 17 at 1:06PM
MLS# 968572
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 flex space includes a 6,392-square-foot metal building on Panama City Beach Parkway. The interior offers a broad open area suited to showroom, flex, or service-oriented commercial use, along with a 1,832-square-foot warehouse component. Loading features include a 10' x 10' roll-up door and a ramp-high dock, supporting receiving and material handling needs.
The property is positioned in Bay County and carries C-3 General Commercial zoning. It has 120 feet of frontage and reported average annual daily traffic of 69,718 vehicles along Panama City Beach Parkway. The site is located in Panama City Beach, Florida, with access to a heavily traveled commercial corridor.
The property is positioned in Bay County and carries C-3 General Commercial zoning. It has 120 feet of frontage and reported average annual daily traffic of 69,718 vehicles along Panama City Beach Parkway. The site is located in Panama City Beach, Florida, with access to a heavily traveled commercial corridor.
Key Highlights
- 6,392‑square‑foot metal building
- 1,832‑square‑foot warehouse area
- 10' x 10' roll‑up door and ramp‑high loading dock
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
$69,992
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
3.51%
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%
$1,399,840
$1.4M
Cap Rate 7%
$999,886
$999.9K
Cap Rate 9%
$777,689
$777.7K
Market Conditions
NOI Build-Up for 6,392 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
$108.9K $17.04/SF
− Vacancy
−$8.9K −$1.40/SF
EGI
$100.0K $15.64/SF
− OpEx
−$30.0K −$4.69/SF
NOI
$70.0K $10.95/SF
Area
Bay County, FL
Vacancy
8.20%
Lease Rate
$17.04 /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%
$1,399,840
Cap Rate 7%
$999,886
Cap Rate 9%
$777,689
Alternative Uses
Best Use
Retail
$999.9K
$874.9K – $1.17M
NOI $69,992 @ 7.0% cap · market cap 3.51%
Second Best
Flex RnD
$790.0K
$691.3K – $921.7K
NOI $55,300 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,369 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Dock-high doors
69,718 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - C-3 General Commercial property with an open layout, warehouse area, and direct access from Panama City Beach Parkway.
Where is this flex space located?
The property is located at 7811 Panama City Beach Parkway Panama City Beach, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 6,392‑square‑foot metal building; 1,832‑square‑foot warehouse area; 10' x 10' roll‑up door and ramp‑high loading dock
