922 N East Avenue Panama City, FL 32401
Prime commercial property with frontage on N East Ave.
- Added:
- Jan 27, 2024
- Days on Market:
- 896
- Last Refresh:
- May 12 at 9:32 pm
Property Features for 922 N East Avenue
General Information
- Standard status
- Active
- Size
- 2,850 SF
- Lot size
- 1.00 Acre
- Property subtype
- Retail
Building Details
- Year Built
- 1954
Listing office Anchor Realty Florida
Listing date Jan 27, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Anchor Realty Florida
Investment Insights
Based on property information with market context.
Key Highlights
- 1 Acre +/- Prime Commercial Property with 132' Frontage on N East Ave
- Zoned General Commercial 1
- 30'x40' 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 | $51.3k | $18.00 |
| − Vacancy | −$4.4k | −$1.53 |
| EGI | $46.9k | $16.47 |
| − OpEx | −$14.1k | −$4.94 |
| NOI | $32.9k | $11.53 |
