Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    134 Highway 79 Panama City, FL 32413
    Back to Search
    Property profile & analytics

    134 Highway 79 Panama City, FL 32413

    View on Map
    • Self storage facilities
    • 15,000 SF
    • 0.34 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Self storage facilities

    Property Details for 134 Highway 79

    Lot size
    0.34 lot acres
    Property size
    15,000 SF
    Property type
    Self storage facilities

    Description

    This exceptional commercial property, located at 134 Hwy 79 Road in Panama City Beach, Florida (zip code 32413), presents a unique investment opportunity. The 0.34-acre lot is zoned for commercial use, offering significant development potential. The property boasts a total area of approximately 15,000 square feet and is ideally situated near a newly constructed hospital, pristine beaches, and the renowned Margaritaville resort. Its strategic location ensures high visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. Utilities are readily available near the site, simplifying the development process. The asking price for this Class A multifamily and self-storage permitted property is $599,900. While the current unit count is zero, the zoning allows for the development of multifamily units and self-storage facilities. This presents a blank canvas for a developer to create a profitable and desirable commercial space. The property's proximity to key attractions and its ample size make it a compelling investment opportunity with strong potential for future growth and return. The property consists of three lots, measuring approximately 100 x 150 feet. Broker co-op is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.8557
    Latitude
    30.2098

    Comparable in this City

    • Value Estimation by Request
      36,051 SF

      447 Griffin Blvd

      MINI-WAREHOUSE, STORAGE • 36,051 SF
      447 Griffin Blvd, Panama City Beach, FL 32413-5199
      View Details
    • Value Estimation by Request
      4,356 SF

      8024 Hwy 388

      MINI-WAREHOUSE, STORAGE • 4,356 SF
      8024 Hwy 388, Panama City Beach, FL 32413-9511
      View Details
    • Value Estimation
      $955,000
      33,625 SF

      502 Sandy Ln

      MINI-WAREHOUSE, STORAGE • 33,625 SF
      502 Sandy Ln, Panama City Beach, FL 32413-3861
      View Details
    • Value Estimation
      $2,895,000
      3,264 SF

      610 Ave C C

      MINI-WAREHOUSE, STORAGE • 3,264 SF
      610 Ave C C, Panama City Beach, FL 32413-1440
      View Details
    • Value Estimation by Request
      12,300 SF

      19102 Panama City Bch Pkwy

      MINI-WAREHOUSE, STORAGE • 12,300 SF
      19102 Panama City Bch Pkwy, Panama City Beach, FL 32413-8709
      View Details
    • Value Estimation by Request
      1.40 Acres

      8002 County Rd

      Self storage facilities • 1.40 Acres
      8002 County Rd, Panama City, FL 32413
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,130 SF

      New Construction Poolside Rental Property

      Turnkey rental property near resort pool and private beach.
      13639 Banana Wind Way, Panama City Beach, FL 32413
      View Details
    • $595,000

      Gulf-Front Condo with Rental Potential

      Furnished 2-bedroom condo with bunk room, Gulf views, rental ready.
      15817 Front Bch Rd #1-706, Panama City Beach, FL 32413
      View Details
    • New
      $520,000
      1,664 SF

      Renovated Duplex Near Gulf Coast

      Updated duplex in Panama City Beach, near beaches and amenities.
      116 Lakeside Cir, Panama City Beach, FL 32413
      View Details
    • $1,495,000
      4,746 SF

      Duplex Near Private Beach Access

      Duplex in Bid-A-Wee Beach neighborhood with rental potential.
      506 Anemone St, Panama City Beach, FL 32413
      View Details
    • New
      $1,325,000
      2,798 SF

      Laguna Beach Income Property

      Versatile property near the beach with income potential.
      209 Oleander Dr, Panama City Beach, FL 32413
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,100 SF

      Mixed-Use Development Near Lake Powell

      Multifamily and retail spaces with lake access and ample parking.
      24200 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • Contact for pricing
      12,000 SF

      Panama City Beach Warehouse Space

      Versatile warehouse with office in central Panama City Beach.
      102 N Gulf Blvd #102, Panama City Beach, FL 32413
      View Details
    • Contact for pricing
      12,000 SF

      Spacious Warehouse with Two Offices

      1,500 sq ft warehouse featuring offices and roll-up door.
      102 N Gulf Blvd, Panama City Beach, FL 32413
      View Details
    • $1,875 /Mo
      12,000 SF

      Flex Space with Roll-Up Door

      1,500 SF flex space featuring a roll-up door.
      102 N Gulf Blvd, Panama City Beach, FL 32413
      View Details
    • $16 SF/Yr
      5,000 SF

      New Warehouse Space in Panama

      5,000 SF warehouse space available for rent in Panama.
      Cordova Pl, Panama City Beach, FL 32413
      View Details
    • $15,800 /Mo
      10,660 SF

      New Warehouse and Office Space

      New warehouse and office space in Panama City Beach.
      17744 Beach Park Trl, Panama City Beach, FL 32413
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    134 Highway 79
    Panama City, FL 32413
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    134 Highway 79, Panama City, FL, 32413
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!