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    Property profile & analytics

    13919 Highway 77 Southport, FL 32409

    • Turn key restaurants
    • 4,814 SF
    • 1.24 lot acres
    For Sale
    View listing
    $800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2713409
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 13919 Highway 77

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    1.24 lot acres
    Property size
    4,814 SF
    Zone code
    BC05
    Property type
    Turn key restaurants
    APN
    26436-010-110
    APU
    26436010110

    Description

    This exceptional commercial property, located at 13919 Hwy 77 in Southport, Florida, presents a significant investment opportunity. The property boasts a substantial 4,814 square feet of space within a durable metal/steel building constructed in 2001. Situated on a generous 1.24-acre lot (54,014.4 sq ft), this location benefits from exceptional visibility and accessibility on Hwy 77. The high-traffic area sees over 15,000 vehicles daily, a number that continues to increase yearly, ensuring significant exposure for any business. This presents a rare chance to capitalize on the robust commercial growth experienced in North Bay County, attracting new businesses and residents. The property's strategic location and substantial size make it ideal for a variety of commercial uses. The asking price for this prime commercial real estate is $800,000. This is a turnkey opportunity to establish or expand a business in a thriving area. Don't miss this chance to own a piece of Southport's burgeoning commercial landscape. The property is zoned for commercial use in Bay County, Florida, zip code 32409.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $273,000
      Market price range: $274k - $704k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Southport
    County
    Bay
    State
    Florida
    Longitude
    -85.6905
    Latitude
    30.4033
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,446
    $30,975
    $148,396
    $179,371
    -
    $30,975
    $148,396
    $179,371

    Comparable in this City

    • Value Estimation
      $270,000
      4,502 SF

      2126 Hwy 2321

      RESTAURANT • 4,502 SF
      2126 Hwy 2321, Southport, FL 32409-1659
      View Details
    • Value Estimation
      $255,000
      2,886 SF

      7437 Hwy 77

      RESTAURANT • 2,886 SF
      7437 Hwy 77, Southport, FL 32409-1689
      View Details
    • Value Estimation
      $215,000
      1,850 SF

      13712 Hwy 77

      RESTAURANT • 1,850 SF
      13712 Hwy 77, Southport, FL 32409-3645
      View Details
    • Value Estimation
      $300,000
      4,386 SF

      6715 Hwy 77

      RESTAURANT • 4,386 SF
      6715 Hwy 77, Southport, FL 32409-1567
      View Details
    • Value Estimation
      $285,000
      6,729 SF

      13435 Hwy 77

      CONVENIENCE STORE • 6,729 SF
      13435 Hwy 77, Southport, FL 32409-4214
      View Details
    • Value Estimation
      $200,000
      1,584 SF

      1223 Reeves Ln

      AUTO REPAIR, GARAGE • 1,584 SF
      1223 Reeves Ln, Southport, FL 32409-2278
      View Details

    Similar Nearby for Sale

    • $450,000
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      Southport Commercial Property For Sale

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      Southport, FL Commercial Land

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      Commercial Property in Growing Southport

      Versatile commercial property with high visibility and income potential.
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    • $875,000
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      Southport, FL Commercial Land

      Commercial land in growing area with highway frontage and lake views.
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    • $1,750,000
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      Southport Commercial Property Investment

      High-traffic retail space, ample land, multiple buildings.
      7235 Highway 77, Southport, FL 32409
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    • $800,000
      4,814 SF

      Southport Commercial Building - Hwy 77

      High-traffic, 4,814 sq ft metal building
      13919 Highway 77, Southport, FL 32409
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      4,400 SF

      Former Gym Available For Lease

      4,400 SF former gym space, divisible into two suites.
      2423-2499 Highway 77, Panama City, FL 32409
      View Details
    • $3,000 /Mo

      Southport, FL Commercial Property

      Commercial property on 3.5 acres, suitable for office and storage.
      13636 Highway 77, Southport, FL 32409
      View Details
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    13919 Highway 77
    Southport, FL 32409
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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
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