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    5311 Fl-22 Panama City, FL 32404

    For Sale
    $720,000

    Fully Leased, High-Yield School

    Property size:
    4,004 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional investment opportunity presents a fully leased, single-story school building in Panama City, Florida. The 4,004-square-foot property, situated on a 0.71-acre lot, boasts a recently completed (2023) renovation, ensuring modern functionality and aesthetics. Currently operating under a triple-net (NNN) lease with a single tenant, the property offers a stable and predictable income stream. The lease commenced April 15, 2024, and extends to July 15, 2027, representing a remaining term of approximately 2.6 years. The building features seven classrooms, five restrooms, and ample support facilities, all designed to meet the needs of an educational institution. The property includes a generous off-street parking lot and a fully fenced area, enhancing safety and security. The asking price is $720,000, representing an attractive 8.34% cap rate based on a net operating income (NOI) of $60,060. The lease includes a 3% annual rent bump, providing built-in growth potential. The property is zoned General Commercial 1 and has a Bay County APN of 24453-000-000. This turnkey investment offers a compelling opportunity for passive income generation in a growing market. The property's modern design, reliable tenant, and strong financial performance make it an ideal addition to any investment portfolio. The building's upgrades include new flooring, windows, doors, and lighting.

    Property Features for 5311 Fl-22

    General Information

    Property type
    Schools
    Square Feet
    4,004 SF
    Lot Size
    30,928 SF

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • 4,004 SF building, extensively modernized in 2023
    • Three‑year lease in place with creditworthy tenant
    • Seven fully equipped classrooms
    • Five restrooms and support spaces
    • Ample off‑street parking and fenced yard
    • Turnkey educational facility
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.594676160675
    Latitude
    30.152994535142

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    FAQs

    What type of property is this?
    School - Fully Leased, High-Yield School
    Where is this school located?
    The property is located at 5311 Fl-22 Panama City, FL.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: 4,004 SF building, extensively modernized in 2023; Three-year lease in place with creditworthy tenant; Seven fully equipped classrooms
    Request Owner's contact information
    5311 Fl-22 Panama City, FL 32404
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    Panama City, FL 32404
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    Realmo Value Estimation

    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.

    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.

    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
    5311 Fl-22 Panama City, FL 32404
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