Commercial Property with Metal
922 N East Avenue Panama City, FL 32401
SINGLE_FAMILY - Panama City, FL
Type:Retail
Property size:
2,337 SFLot size:
1.00 AcrePrice / SF:
$186/SF- Added:
- Jul 28, 2025
- Days on Market:
- 348
- Last Refresh:
- Jul 10 at 5:06 pm
Property Features for 922 N East Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 15278-000-000
- Size
- 2,337 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- 2 4S 14W-91- 118B3 N132' OF W1/2 OF SW1/4 OF NW1/4 OF SW1/4 ORB 1244 P 1325 ORB 1633 P 474
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1954
- Flooring type
- Tile
- Building materials
- Block, Stucco, VinylSiding
- Roof type
- Metal
- Additional Structures
- Residence
Listing agent Tiffany M Davies (850) 866-6549
Listing office Coldwell Banker Realty 726 Thomas Drive Suite A, Panama City Beach, FL (850) 234-6696
Listing date Jul 28, 2025
MLS# 777145
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial property includes a 3-bedroom, 1.5-bath residence and an on-site 30' x 40' metal building. The metal building has underground electrical and a 400AMP 3-phase circuit panel, and it was previously used as a fabrication shop. The building has sustained hurricane damage and will require a new roof. A 10' x 12' concrete storage building is also located behind the residence. The listed property size is 2,337 square feet.
Located at 922 N East Avenue in Panama City, Florida, the property offers 132' of frontage and is zoned General Commercial 1.
The combination of a residence plus an industrial-style metal building supports a flexible layout for conversion to office or retail uses, subject to applicable approvals.
Located at 922 N East Avenue in Panama City, Florida, the property offers 132' of frontage and is zoned General Commercial 1.
The combination of a residence plus an industrial-style metal building supports a flexible layout for conversion to office or retail uses, subject to applicable approvals.
Key Highlights
- 1‑acre commercial property with 132' frontage on N East Ave in General Commercial 1 zoning
- Includes a 3‑bedroom, 1.5‑bath residence on‑site, with a layout described as convertible to office or retail
- On‑site 30' x 40' metal building with underground electrical and a 400AMP 3‑phase circuit panel
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $18.00 |
| − Vacancy | −$3.6k | −$1.53 |
| EGI | $38.5k | $16.47 |
| − OpEx | −$11.5k | −$4.94 |
| NOI | $26.9k | $11.53 |
2,337 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$384.9K
$336.8K – $449.1K
NOI $26,943 @ 7.0% cap · market cap 6.19%
Second Best
Industrial
$227.6K
$199.2K – $265.6K
NOI $15,935 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$587.7K
$514.3K – $685.7K
NOI $41,141 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Manufacturing property - General Commercial 1 zoned 1-acre site with 132' frontage and a 30' x 40' metal building with 400A 3-phase.
Where is this manufacturing property located?
The property is located at 922 N East Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1‑acre commercial property with 132' frontage on N East Ave in General Commercial 1 zoning; Includes a 3‑bedroom, 1.5‑bath residence on‑site, with a layout described as convertible to office or retail; On‑site 30' x 40' metal building with underground electrical and a 400AMP 3‑phase circuit panel
