Retail Storefront
For Sale
$374,900
82 Coastal Highway, Panacea, FL 32346
Retail storefront property located right off Highway 98 in Panacea, FL.
Property Size1,896 SF
Days on Market176
Property Features for 82 Coastal Highway
General Information
Standard status
Active
Size
1,896 SF
Amenities
PublicRestrooms
Fenced
Building Details
Building Size
1,896 SF
Listing Agency:
Waypoint Properties
Listed By:
Wynter Harvey Lopeman · License #SL3575859
(850) 491-1237
Source:
Evrealestate
Added: Apr 30
Changed: Oct 19
Last Checked: Oct 20 at 8:59PM
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 Waypoint Properties
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Investment Insights
Based on property information with market context.
This retail storefront property offers a commercial space configuration suited for retail use. The asset is presented for sale with a straightforward retail layout for a tenant seeking a storefront presence.
The property is located at 82 Coastal Highway in Panacea, Florida, off Highway 98 just before the bridge and Angelos. It is in Wakulla County.
For more details on the interior layout and current improvements, please contact the listing broker.
The property is located at 82 Coastal Highway in Panacea, Florida, off Highway 98 just before the bridge and Angelos. It is in Wakulla County.
For more details on the interior layout and current improvements, please contact the listing broker.
Key Highlights
- Retail storefront property located right off Highway 98 in Panacea, FL
- Located right off 98 just before the bridge and Angelos
- Fenced exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,415
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,300
$368.3K
Cap Rate 7%
$263,071
$263.1K
Cap Rate 9%
$204,611
$204.6K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$28.4K $15.00/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$26.3K $13.88/SF
− OpEx
−$7.9K −$4.16/SF
NOI
$18.4K $9.71/SF
Area
Wakulla County, FL
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,300
Cap Rate 7%
$263,071
Cap Rate 9%
$204,611
Alternative Uses
Best Use
Retail
$263.1K
$230.2K – $306.9K
NOI $18,415 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$464.8K
$406.7K – $542.3K
NOI $32,537 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32346, FL
1,750
Population
1,716
Households
1
Avg Household Size
55
Median Age
26%
College-Educated
91%
High-School Grad
28.4 sq mi
ZIP Area
62
Density / Sq Mi
$58,382
Median Household Income
$23,889
Median Earnings
$1,468
Median Rent
$233,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property located right off Highway 98 in Panacea, FL.
Where is this storefront property located?
The property is located at 82 Coastal Highway Panacea, FL.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Retail storefront property located right off Highway 98 in Panacea, FL; Located right off 98 just before the bridge and Angelos; Fenced exterior
