Retail Property on High-Traffic
8406 Panama City Beach Pkwy, Panama City Beach, FL 32407
For Sale
$3,985,000
Retail property with high visibility and income-generating potential.
Property Size12,622 SF
Price / SF$315.72
Days on Market436
Property Features for 8406 Panama City Beach Pkwy
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Gulf Life Real Estate Inc
Listed By:
Brian J Kehl
(850) 258-5484
Source:
Dardengroupusa
Added: Sep 1, 2025
Changed: Oct 26
Last Checked: Oct 7 at 4:38PM
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 Gulf Life Real Estate Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property offers an opportunity for investors and developers. The property features 200 feet of frontage on a high-traffic highway. A development order is in process. The building includes multiple units with varying occupancy statuses: Unit A (600 sq ft) is rented, Units B-C (1200 sq ft) are rented, Units D-E-F (1800 sq ft) are rented, Unit G (900 sq ft) is rented, Units H-I plus a warehouse (2500 sq ft) are rented, Units J-K-L plus a warehouse are owner-occupied, Unit M (600 sq ft) is rented, and Unit N (600 sq ft) is rented. Additionally, a billboard on the property generates $7,500 per year in rent for the building owner. The property contains 12,622 square feet of retail space.
Key Highlights
- Offered below recent appraisal value of $4,085,000 at $3,985,000.
- Strategic location with 200 ft of frontage on high traffic Hwy 98.
- In‑process Development Order (DO) for the back 2 acres, representing significant investment and potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,210
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,764,200
$2.8M
Cap Rate 7%
$1,974,429
$2.0M
Cap Rate 9%
$1,535,667
$1.5M
Market Conditions
NOI Build-Up for 12,622 SF
Gross rent
$215.1K $17.04/SF
− Vacancy
−$17.6K −$1.40/SF
EGI
$197.4K $15.64/SF
− OpEx
−$59.2K −$4.69/SF
NOI
$138.2K $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 Rate 5%
$2,764,200
Cap Rate 7%
$1,974,429
Cap Rate 9%
$1,535,667
Alternative Uses
Best Use
Retail
$1.97M
$1.73M – $2.30M
NOI $138,210 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.68M
$3.22M – $4.29M
NOI $257,433 @ 7.0% cap · market cap 6.46%
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
639
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Home Improvements & Furnishings 6%
Dollar General
Shops & Services
5,149 visits/mo
0.5 miles
Tidal Wave Auto Spa
Shops & Services
2,939 visits/mo
0.4 miles
Pep Boys Auto Parts & Service
Shops & Services
1,174 visits/mo
0.5 miles
Johnstone Supply
Home Improvements & Furnishings
598 visits/mo
0.4 miles
Gerber Collision & Glass
Shops & Services
329 visits/mo
0.5 miles
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
$403,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Bay County, FL
Properties on Market for Retail space in Bay County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with high visibility and income-generating potential.
Where is this retail space located?
The property is located at 8406 Panama City Beach Pkwy Panama City Beach, FL.
What is the asking price?
The asking price for this property is $3,985,000.
What are key features of this property?
This property features: Offered below recent appraisal value of $4,085,000 at $3,985,000.; Strategic location with **200 ft of frontage on high traffic Hwy 98**.; In‑process Development Order (DO) for the back 2 acres, representing significant investment and potential.
