For Sale
$160,000
803 E 10TH Court A & B, Panama City, FL 32401
A compact residential income property with quick access to downtown Panama City and HCA Hospital.
Property Size1,448 SF
Price / SF$110.50
Days on Market15
Property Features for 803 E 10TH Court A & B
General Information
Standard status
Active
Size
1,448 SF
Property subtype
Duplex
Additional Details
Gross Income
$19,725
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,404
Building Details
Building Size
1,448 SF
Year Built
1940
Listing Agency:
CENTURY 21 Commander Realty
Listed By:
Jacob Hutchins · License #3630214
(850) 319-5388
Source:
Coastalheritagerealty
Added: Oct 13
Changed: Oct 26
Last Checked: Oct 26 at 12:16PM
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 CENTURY 21 Commander Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,448-square-foot duplex in Panama City was built in 1940 and is identified as units A and B. The property is about a five-minute drive from downtown and less than two minutes from HCA Hospital.
Key Highlights
- 1,448‑square‑foot duplex
- Built in 1940
- Units A and B
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,118
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,360
$282.4K
Cap Rate 7%
$201,686
$201.7K
Cap Rate 9%
$156,867
$156.9K
Market Conditions
NOI Build-Up for 1,448 SF
Gross rent
$27.5K $18.96/SF
− Vacancy
−$1.8K −$1.23/SF
EGI
$25.7K $17.73/SF
− OpEx
−$11.6K −$7.98/SF
NOI
$14.1K $9.75/SF
Area
Bay County, FL
Vacancy
6.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,360
Cap Rate 7%
$201,686
Cap Rate 9%
$156,867
Alternative Uses
Best Use
Multifamily LT 5
$220.1K
$192.6K – $256.8K
NOI $15,407 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$201.7K
$176.5K – $235.3K
NOI $14,118 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$421.9K
$369.2K – $492.2K
NOI $29,533 @ 7.0% cap · market cap 18.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A compact residential income property with quick access to downtown Panama City and HCA Hospital.
Where is this duplex located?
The property is located at 803 E 10TH Court A & B Panama City, FL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 1,448‑square‑foot duplex; Built in 1940; Units A and B
