Commercial Land with
For Sale
$435,000
922 N East Avenue, Panama City, FL 32401
CommercialSale, Panama City, FL
Property Size2,337 SF
Lot Size1.00 Acre
Price / SF$186.14
Days on Market439
Property Features for 922 N East Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Subdivision
No Named Subdivision
Elementary school
Parker
Middle school
Everitt
High school
Rutherford
Directions
Head east on 15th Street then make a right onto East Ave going South for 1/2 mile. Property will be on the left.
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
Legal 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
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1954
Flooring type
Tile
Building materials
Block, Stucco, VinylSiding
Roof type
Metal
Additional Structures
Residence
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(850) 234-6696
Listed By:
Tiffany M Davies
(850) 866-6549
Added: Jul 28, 2025
Changed: Sep 14
Last Checked: Oct 9 at 10:06PM
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 one-acre commercial parcel at 922 N East Avenue includes a 2,337-square-foot residence with three bedrooms and 1.5 baths, plus a 30-by-40-foot metal building and a 10-by-12-foot concrete storage building. The residence includes tile flooring, central electric heating and central air. The larger outbuilding has underground electrical service and a 400AMP 3-phase circuit panel. The residence is described as adaptable for office or retail use, while the metal building remains configured for commercial or industrial activity. The property is zoned General Commercial 1 and has 132 feet of frontage on N East Avenue. The metal building sustained hurricane damage and requires a new roof. Public sewer serves the property, and the residence was built in 1954.
Key Highlights
- 1‑acre commercial parcel with 132 feet of frontage on N East Avenue
- General Commercial 1 zoning
- 30'x40' metal building with underground electrical and a 400AMP 3‑phase circuit panel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,218
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,360
$404.4K
Cap Rate 7%
$288,829
$288.8K
Cap Rate 9%
$224,644
$224.6K
Market Conditions
NOI Build-Up for 2,337 SF
Gross rent
$32.8K $14.04/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$31.1K $13.31/SF
− OpEx
−$10.9K −$4.66/SF
NOI
$20.2K $8.65/SF
Area
Bay County, FL
Vacancy
5.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,360
Cap Rate 7%
$288,829
Cap Rate 9%
$224,644
Alternative Uses
Best Use
Flex RnD
$288.8K
$252.7K – $337.0K
NOI $20,218 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$220.0K
$192.5K – $256.6K
NOI $15,397 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$680.9K
$595.8K – $794.4K
NOI $47,664 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - General Commercial 1 zoning with multiple existing structures, including a residence and a metal commercial building.
Where is this commercial land 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 parcel with 132 feet of frontage on N East Avenue; General Commercial 1 zoning; 30'x40' metal building with underground electrical and a 400AMP 3‑phase circuit panel
