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    Panama City Motel For Sale Title is generated by Realmo AI

    836 Harrison Avenue, Panama City, FL 32401

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    For Sale
    $500,000

    12-room motel in revitalizing Panama City corridor.

    Property size:
    7,382 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $67/SF
    Added:
    Mar 6, 2026
    Days on Market:
    73
    Last Refresh:
    Mar 16 at 11:03 am

    Property Features for 836 Harrison Avenue

    General Information

    Standard status
    Active
    Size
    7,382 SF
    Lot size
    0.33 Acres

    Building Details

    Year Built
    1958

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    Listing Contact
    DARREN J HAIMAN

    Listing agent DARREN J HAIMAN

    Listing office NATIONS REAL ESTATE, INC

    Listing date Mar 6, 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 NATIONS REAL ESTATE, INC

    HighLights

    • Located in a rapidly revitalizing area of Panama City, driving increased demand for lodging.
    • Opportunity for value‑add repositioning, boutique hospitality redevelopment, or stabilized income asset.
    • Qualifies for a community grant program for exterior rehabilitation.
    • Strategic location within a transforming corridor.
    • Flexible room mix to support various ownership visions.
    • Situated in a neighborhood experiencing a dynamic revival of commerce and community investment.

    Overview

    Located at 836 Harrison Avenue in Panama City, Florida, this 12-room motel offers an opportunity for investors and operators in a transforming Gulf Coast corridor. The property is situated in a neighborhood experiencing a revival of local commerce, community investment, and visitor interest, which is reshaping the surrounding area and driving demand for lodging. This motel delivers the physical footprint, flexible room mix, and strategic location to support a variety of ownership visions, whether pursued as a value-add repositioning play, a boutique hospitality redevelopment, or a stabilized income-producing asset. The property qualifies for a community-based grant program specifically targeting exterior rehabilitation within the revitalization corridor. The available grant funding represents a capital contribution toward cosmetic and structural improvements to the building's facade, signage, landscaping, and public-facing elements. The Harrison Avenue corridor is in the midst of a revitalization. New businesses, arts venues, dining concepts, and public infrastructure investments are converging to create a vibrant, walkable district that is attracting both residents and visitors. The property size is 7382 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Star Motel Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Edge Weekly Guide — 437 Grace Ave, Panama City, FL 32401
    • A Haunt on Harrison — 469 Harrison Ave, Panama City, FL 32401
    • One Thirty One Events by Trigo — 131 Harrison Ave, Panama City, FL 32401
    • Dream Studio Event Venue — 316 Luverne Ave, Panama City, FL 32401
    • Hotel Indigo Panama City Marina, an IHG Hotel — 7 Harrison Ave, Panama City, FL 32401

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.6598342
    Latitude
    30.1634701

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    FAQs

    What type of property is this?
    Motel - 12-room motel in revitalizing Panama City corridor.
    Where is this motel located?
    The property is located at 836 Harrison Avenue Panama City, FL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Located in a rapidly revitalizing area of Panama City, driving increased demand for lodging.; Opportunity for **value‑add repositioning, boutique hospitality redevelopment, or stabilized income asset.**; Qualifies for a community grant program for **exterior rehabilitation.**
    (850) 785-2233
    We can help!
    Listing Contact
    DARREN J HAIMAN
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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