Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    134 Highway 79 Panama City, FL 32413

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-yield investment opportunity near hospital & beach.

    Property size:
    15,000 SF

    Property Features for 134 Highway 79

    General Information

    Property type
    Multifamily properties
    Square Feet
    15,000 SF
    Class
    A
    Lot Size
    14,810 SF

    We can help!

    Listing Contact
    Dj Janovyak
    Dj Janovyak

    Listing Agency: Emerald Coast Realty Group Listing Agent: Dj Janovyak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial property, located at 134 Hwy 79 Road in Panama City Beach, Florida (zip code 32413), presents a unique investment opportunity. The 0.34-acre lot is zoned for commercial use, offering significant development potential. The property boasts a total area of approximately 15,000 square feet and is ideally situated near a newly constructed hospital, pristine beaches, and the renowned Margaritaville resort. Its strategic location ensures high visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. Utilities are readily available near the site, simplifying the development process. The asking price for this Class A multifamily and self-storage permitted property is $599,900. While the current unit count is zero, the zoning allows for the development of multifamily units and self-storage facilities. This presents a blank canvas for a developer to create a profitable and desirable commercial space. The property's proximity to key attractions and its ample size make it a compelling investment opportunity with strong potential for future growth and return. The property consists of three lots, measuring approximately 100 x 150 feet. Broker co-op is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.8556808
    Latitude
    30.2097667

    Nearby Similar for Sale

    • $723,900
      1,293 SF

      Furnished Condo Near 30A Beaches

      Meticulously maintained, fully furnished condo near beaches and local restaurants.
      197 Milestone Dr, Inlet Beach, FL 32461
      View Details
    • New
      $500,000
      3,679 SF

      Dual-Home Family Retreat Investment

      Dual-home property near Beach Drive, ideal for living and investment.
      1016 W 12Th St, Panama City, FL 32401
      View Details
    • New
      $1,850,000
      4,698 SF

      Waterfront Property with Income Potential

      Waterfront property featuring multiple residences and income-generating potential in Panama City.
      401 Massalina Dr, Panama City, FL 32401
      View Details
    • New
      $470,000
      Pending

      Like-New Duplex Near the Beach

      Updated duplex perfect for investors or multi-generational living.
      9020/9022 Houston St, Panama City, FL 32408
      View Details
    • New
      $970,000
      1,747 SF

      Inlet Beach Townhome with Amenities

      3-bedroom townhome near the beach with resort-style amenities.
      53 E Pine Lands Loop, Inlet Beach, FL 32461
      View Details
    • $3,650,000
      3.74 Acres

      Panama City Commercial Opportunity

      Three parcels with established businesses and equipment for sale.
      1220 W 19Th St, Panama City, FL 32405
      View Details
    • $949,000
      1,747 SF

      Turnkey Furnished Home in Prominence North

      Fully furnished, updated 3-bedroom home in Prominence North community.
      23 E York Ln, Inlet Beach, FL 32461
      View Details
    • $725,000
      10.00 Acres

      Sprawling Panama City Acreage with Home

      10-acre property with home, workshop, and secondary structure.
      7910 Gadsden Ave, Panama City, FL 32409
      View Details
    • New
      $379,900
      2,768 SF

      High-Visibility Commercial Building on Corner Lot

      2,768 SF commercial building on 0.446-acre corner lot.
      247 Highway 22 A, Panama City, FL 32404
      View Details
    • $1,825,000
      4.50 Acres

      Panama City Land Opportunity

      4.5 acre commercial property with flexible zoning.
      2515 E 15Th St, Panama City, FL 32405
      View Details
    • $1,800,000
      31,875 SF

      Versatile Commercial Building in Panama City

      Three-level, 30,000 sq ft commercial building with flexible floor plan.
      551 Harrison Ave, Panama City, FL 32401
      View Details
    • New
      $435,000
      2,337 SF

      Commercial Property with Residential Conversion

      Versatile commercial property with residential conversion potential and industrial building.
      922 N East Ave, Panama City, FL 32401
      View Details

    FAQs

    What type of property is this?
    Multifamily property - High-yield investment opportunity near hospital & beach.
    Where is this multifamily property located?
    The property is located at 134 Highway 79 Panama City, FL.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: $599,900 asking price.; Multifamily and self-storage property, Class A.; 15,000 square feet on a 0.34-acre lot.
    (850) 866-1999 Call to check price and availability
    Request Owner's contact information
    134 Highway 79 Panama City, FL 32413
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    134 Highway 79
    Panama City, FL 32413
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    134 Highway 79 Panama City, FL 32413
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dj Janovyak
    Dj Janovyak
    Real Estate License ID: BK0599600
    (850) 866-1999 (850) 235-2551
    Learn more
    Google sign-in failed. Please try again or use another login method.