814 Grace Avenue, Panama City, FL 32401
Charming converted office space with kitchen and parking.
- Added:
- Mar 21, 2026
- Days on Market:
- 99
- Last Refresh:
- Mar 20 at 8:22 pm
Property Features for 814 Grace Avenue
General Information
- Standard status
- Active
- Size
- 672 SF
- Lot size
- 0.16 Acres
Building Details
- Year Built
- 1930
Listing office ERA NEUBAUER REAL ESTATE, INC (850) 872-3434
Listing date Mar 21, 2026
Source Corcoran
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 ERA NEUBAUER REAL ESTATE, INC
HighLights
- Price reduced to sell
- Converted for commercial use
- Effective year date of 2020 (recently updated)
- Full kitchen
- Large lot for additional parking/uses
- Access from paved alleyway
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.1k | $21.00 |
| − Vacancy | −$2.8k | −$4.20 |
| EGI | $11.3k | $16.80 |
| − OpEx | −$2.8k | −$4.20 |
| NOI | $8.5k | $12.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.6612345
- Latitude
- 30.1630458
