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    Panama City Beach Pkwy Panama City Beach, FL 32413

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    For Lease
    Contact for pricing

    Prime Panama City Beach retail, multiple suites available.

    Lot size:
    20,050 SF

    Property Features for 0 Panama City Beach Pkwy

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,050 SF

    Building Details

    Year Built
    2024
    Buildings
    2
    Stories
    5

    Spaces For Lease

    at 0 Panama City Beach Pkwy, Panama City Beach, FL 32413 Contact us

    We can help!

    Listing Contact
    Tom Watson
    Tom Watson

    Listing Agency: CBRE | Jacksonville Listing Agent: Tom Watson

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

    Learn more

    Overview

    This exceptional retail opportunity is located at Mainstead at Carillon in Panama City Beach, Florida, zip code 32413, on Panama City Beach Pkwy. The property, built in 2024, consists of two five-story buildings encompassing a total of 20,050 square feet of ground floor retail space, divided into seven suites. Currently, 12,770 square feet are available for lease, with spaces ranging from a minimum of 1,050 square feet to a maximum contiguous space of 4,600 square feet. The development sits on 29.39 acres and offers convenient surface lot parking with 555 spaces. This prime location benefits from beach access on the front Beach Road and Lake boat launch access, catering to both residents and tourists. Mainstead at Carillon is situated at the western edge of Panama City Beach, bordering Inlet Beach and Rosemary Beach, providing access to a large customer base in western Bay County and the South Walton market. This mixed-use development also includes 286 multifamily units, ensuring a built-in customer base for your business. The property is in Bay County, Florida. This is an unparalleled opportunity to establish a thriving retail presence in a vibrant and rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.975722294082
    Latitude
    30.267002931581

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    FAQs

    What type of property is this?
    Individual retail property - Prime Panama City Beach retail, multiple suites available.
    Where is this individual retail property located?
    The property is located at Panama City Beach Pkwy Panama City Beach, FL.
    What are key features of this property?
    This property features: 20,050 SF of ground floor retail space available for lease in seven suites at Mainstead at Carillon, Panama City Beach, FL (32413).; 12,770 SF currently available, with spaces ranging from 1,050 SF to 4,600 SF contiguous.; New construction (2024), located on 29.39 acres with 555 surface parking spaces.
    (850) 527-3524 Call to check price and availability
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    Panama City Beach Pkwy Panama City Beach, FL 32413
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    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
    Panama City Beach Pkwy Panama City Beach, FL 32413
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    Contact for Pricing
    Please call us for current price
    and status of this listing Tom Watson
    Tom Watson
    Real Estate License ID: 3231614
    (850) 527-3524 (904) 634-1200
    Learn more
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